Famed stationer Mrs. John L. Strong is ceasing operations and closing its store and catalog. For 80 years Mrs. John L. Strong was a high-end purveyor of paper and cards; debutantes and celebrities from Oprah to the Dutchess of York were known to use its stationery, which could cost more than $5 per card. Economic conditions and changing social norms forced the closure of the business, which was still family-owned.
furniture and home: May 2009 Archives
Bathroom fixture manufacturer Waterworks has filed for Chapter 11 bankruptcy and closed 20 stores. The 31-year-old company was forced by economic conditions to perform a rapid downsizing alongside the bankruptcy filing. Waterworks plans on retaining 18 stores.
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Mattress manufacturer Spring Air shut down its manufacturing nationwide last week and is filing for bankruptcy protection. The company has been suffering under a severe debt load and reportedly was unable to secure new financing through a buyout. Up to nine plants have been closed and the company's futue is unclear.
