apparel: August 2009 Archives

Old and local stores, late August edition

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The economic downturn is hitting local stores especially hard. Saddest among those affected are the decades-old establishments suddenly facing bankruptcy or liquidation. Recent news affects numerous local stores with long histories:

  • Syracuse, New York, home furnishings retailer Goldberg's is closing after nearly a century in business. Goldberg's, which once operated seven stores across upstate New York, first opened in 1910. Descendants of the founder include the owners of the Raymour & Flanagan furniture chain.
  • In good ol' Gothenburg, Nebraska, 43-year-old Hometown Variety is closing this autumn after clearing out inventory. Longtime owner Merle Honerman cites rising costs and declining sales as the usual culprits, and says he was unable to find a buyer for the business.
  • Kent Hardware in Kent, Ohio, is ending a 125-year-run next month. A sister store will remain open in a neighboring town, but Kent is now left without a hardware store.
  • And in Vinton, Iowa, Mahood's Shoe Store is closing after 63 years of operation. Bob Mahood plans on continuing shoe repairs after the clearance sale is complete.


Escada bankrupt

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German fashion company Escada filed for bankruptcy protection after failing to secure financing. The company had planned on making moves to continue funding its operations. Reuters said the company is "throwing in the towel" and "admit[ting] defeat," which casts doubt on the company emerging from bankruptcy as an ongoing business. Escada had more than 400 worldwide locations.


Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

About this Archive

This page is a archive of entries in the apparel category from August 2009.

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