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The Buzz: Why did it close?

Reasons for business closures not always apparent

Feb. 26, 2013
 
tungsten toned close-up of a closed sign for an establishment / Stockbyte/Getty Images

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Reader question: When you wrote about Anthonyís Paint closing, you didnít say it was because the big stores took away its business. Why didnít you put that in the story?

Answer: Earlier this month I wrote about Anthonyís Paint & Decorating closing. I wasnít able to reach the owner to get more information.

In this case, all I could find were court records relating to a 2012 foreclosure on the property at W2721 Brookhaven Drive in the Town of Buchanan, and a sheriffís auction of the property in which ownership was retained by the lender. The storeís website was deleted and phone was out of service.

When a business closes, I make an effort to find the business owner. Sometimes I can get information from court records or landlord. Sometimes business owners are not entirely up front about the reasons for closure, or they wonít comment at all.

I canít guess at the reason why a business shut. Itís logical to blame big box competition or the effect of a wrung-dry economy. It could be that closure of a factory or mill nearby was part of the reason why customers werenít coming through the door and the store couldnít meet it overhead.

Any closure could be due to multiple reasons. It could also be related to a rent hike, jump in material costs or loss of a key exclusive supplier or customer. It could be a personal matter, like a medical emergency, retirement, family issue, divorce, health issue or other change in personal circumstances.

In the absence of information, the only thing I can do is report that the business has closed, but not speculate on why it closed.

Maureen Wallenfang: 920-993-1000, ext. 287, or mwallenfang@postcrescent.com; on Twitter @wallenfang

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