A BELOVED home décor store is closing its doors just five months after opening – and an unusual law may be to blame, says the company.
World Market has become famous for its variety of modern and unique décor since it opened in February in Fairfax County, Virginia, easily making it a rival of retail giants such as Target.
However, the company announced the store would be closing this week, reported the Washington Business Journal.
“World Market lost their lease and relocated the store to a new nearby location on a temporary lease, with a clause that they would vacate if the landlord found a full-time tenant,” a spokesperson for World Market told the outlet.
“They did, and therefore closing this new location.”
The store’s last day of business is July 15, according to Northern Virginia Magazine, however, it could close even sooner.
An employee told the outlet that the store had been largely empty since July 5.
Meanwhile, the oldest brewery in America has called it quits after 127 years in business.
Anchor Brewing — the country’s first craft brewery — announced Wednesday that it is shutting down.
Brewing has already stopped, but the beer that’s on hand will continue to be sold through the end of the month.
Most read in Money
Anchor Brewing has been a staple in San Francisco for over a century but hasn’t been able to overcome a series of issues that started several years ago.
Executives at the company attributed the closing to “a combination of challenging economic factors and declining sales since 2016,” according to a press release.
“This was an extremely difficult decision that Anchor reached only after many months of careful evaluation,” said Sam Singer, Anchor Brewing spokesperson.
“We recognize the importance and historic significance of Anchor to San Francisco and to the craft brewing industry, but the impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to make this sad decision to cease operations.”
Source: the-sun.com