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Home Depot Woburn Ma Hours
Fabric Place the family-operated boutique that wove itself into the town's alertness over six decades is closing.
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Fabric Place the family-operated boutique that wove itself into the town's alertness over six decades is closing.
Thursday, Alexander Vezina, the company's CEO, accepted the 30,000 square-foot abundance at 136 Howard St. will acceptable abutting by the alpha of November.
For the accomplished several days, shoppers perused merchandise, avaricious discounted assurance of yarn in a array of hues or marked-down bed-making machines.
Vezina attributed the closing to the billowing economy.
He said Bolt Place saw a bead in sales of about 3-5 percent two years ago. This year he alleged the decrease, "a bit added dramatic."
With the aggregation abandoning and closing its Framingham and Woburn Mall locations, about 150 workers will lose their jobs.
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"We encountered bendable sales in a actual difficult economy. I anticipate appliance food ... and bolt food are failing," said Vezina.
He said the aggregation assured it would be best to bow out, "while we're still financially healthy."
He estimated the aggregation still has $6 actor account of inventory, all of which is actuality discounted 25 to 50 percent, according to the company's Web site.
"Our absorbed is to booty affliction of our associates, customers, and vendors. That's why we're accomplishing this," said Vezina.
In abatement 2006, things were different. That year Vezina told the Daily News the company's acquirement had developed an boilerplate of 7 percent annually for anniversary of the antecedent 15 years. Earlier this decade, the aggregation was at its peak, with seven food in New England and 400 employees.
The aggregation has back downsized.
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Two years ago the Cromwell, Conn., abundance was the aboriginal to go.
Last year, Randolph and Warwick, R.I., locations, as able-bodied as its Boston custom showroom, which offers appointment casework but no inventory, folded.
Within the aftermost month, a exhibit in Newton closed.
This final Bolt Place development would achieve the account of a civil aggregation that broadcast from a 3,000-square-foot Kendall Street boutique to the better bolt alternation in New England.
Once declared as a "Home Depot for women," the abundance offers a countless of fabrics quilts, drapes, yarns, upholstery and appearance wear.
The aggregation additionally offers classes in sewing, decorating, aggravate arts and crafts, according to its Web site.
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Launched by Framingham twins Annie Isaacson and Betty Weitzler in 1946, it was originally alleged Sportswear Manufacturing Co. Two of their sons abide to be complex in the administration of the company.
The aggregation confused from Kendall Street to its present area in the aboriginal 1950s.
Its name afflicted in the aboriginal 1980s as the focus confused absolutely to fabrics.
"We gave it our best shot," said Vezina.
(Dan McDonald can be accomplished at 508-626-4416 or dmcdonal@cnc.com.)
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