Gracy’s to close its doors permanently
Glenwood Springs, CO Colorado
ASPEN ” Gracy’s Uptown consignment store will be closing its doors permanently in the next month or so, in anticipation of the impending sale of the building the store occupies, said one of the owners on Monday.
The store, at 312 E. Hyman Ave., had recently closed temporarily when the Colorado Department of Revenue seized the store and all its assets over nonpayment of sales and wage taxes. Those bills have been paid off, according to the store’s owners, and the store reopened.
Brad Carner, in a written statement issued on Monday, said one of the factors contributing to the permanent closure is that the store has “enjoyed limited success in the high seasons and required additional personal funds to support the six months of off season.”
The rent paid to the store’s landlord, Mead Metcalf, while “perceived to be reasonable,” Carner continued, “still is an enormous expense when you are trying to offer items at highly attractive prices,” and thus contributed to the store’s economic woes.
And, he wrote, “The ‘straw that broke the camel’s back’ was trying to expand into the Glenwood Springs market in an effort to offset the losses in the Aspen store during the off season.”
The Glenwood store was open less than a year and closed in June, Carner said, calling it a “failed attempt” that “cost hundreds of thousands of dollars and ended up requiring the Aspen store to support both locations.”
He said the exact date of the store’s closure has not been decided, but predicted that it will be “in the next two to four weeks.”
As for the fate of the consignment goods still in the store, he said, the store’s attorney is working on “an exit strategy that will be fair to both our consignors and long-time customers.”
He encouraged consignors to pick up their goods “if they so choose,” and urged customers to come in “and take advantage of tremendous values.”
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