[Reposted by a DSLJ moderator for
plittlergirl, who had trouble posting in a regular-sized black font]
After eight amazing years, it breaks our hearts to announce we are moving out of our Davis Square location.
Unfortunately the high rent became too much to bear in this economy.
We are working hard on finding a new Somerville location, and we are getting close! As soon as our plans are finalized, we will send out an announcement to you.
It has been our sincere pleasure to serve and help all of you!
Our Inman Square, Cambridge location [121 Hampshire Street] and our Newbury street locations will remain open and unaffected by this change.
If you have not checked out our Cambridge location since our opening in November, please do so! We think you will really love it...nice lighting, tons of modern designer and vintage items, with even better deals due to our tag discount system. We even have a parking lot!!!
Please know the decision to leave our Elm Street location was not an easy one, and was not taken lightly. We will miss all of you, but we are hoping we will get to see you at one of our other locations, and then eventually in our spanking new Somerville location soon!
Thank you for your part in making poor little rich girl a success in Davis Square since 2002!
Fondly,
Meredith Byam
p.s. Consignors will be receiving a letter in the mail tomorrow with all of the details...We are anticipating a smooth transition, without hassle! :)
After eight amazing years, it breaks our hearts to announce we are moving out of our Davis Square location.
Unfortunately the high rent became too much to bear in this economy.
We are working hard on finding a new Somerville location, and we are getting close! As soon as our plans are finalized, we will send out an announcement to you.
It has been our sincere pleasure to serve and help all of you!
Our Inman Square, Cambridge location [121 Hampshire Street] and our Newbury street locations will remain open and unaffected by this change.
If you have not checked out our Cambridge location since our opening in November, please do so! We think you will really love it...nice lighting, tons of modern designer and vintage items, with even better deals due to our tag discount system. We even have a parking lot!!!
Please know the decision to leave our Elm Street location was not an easy one, and was not taken lightly. We will miss all of you, but we are hoping we will get to see you at one of our other locations, and then eventually in our spanking new Somerville location soon!
Thank you for your part in making poor little rich girl a success in Davis Square since 2002!
Fondly,
Meredith Byam
p.s. Consignors will be receiving a letter in the mail tomorrow with all of the details...We are anticipating a smooth transition, without hassle! :)
thanks Ron
Date: 2010-04-26 02:43 am (UTC)I was about to throw my computer out the window!
Meredith
Re: thanks Ron
Date: 2010-04-26 02:44 am (UTC)I'm very sorry to read this news. Was Buffalo Exchange a factor in your decision to leave this location?
(and if you want to receive e-mails for all responses to this post. click on the thumbtack icon)
Re: thanks Ron
Date: 2010-04-26 02:53 am (UTC)Well, it really came down to a few factors...
The rent was a killer and I pay my employees a "living wage". The space is so large that the electric bill alone was the rent I was paying on Highland.
Buffalo Exchange did have an effect, but it wasn't the deciding factor, it really came down to the rent and operating expenses.
The next Somerville space will be much more manageable in size and it will be closer to the original Highland space in feel.
I feel very fortunate to have had the opportunity to move into such a high profile space in Davis, and in the end it was still a VERY busy store, just not one that could pay the rent more suited for a very large corporation.
Re: thanks Ron
Date: 2010-04-26 03:02 am (UTC)No matter where you land I know you will do great, you have an amazing eye and you are such sweetheart.
Onward and upward!
Pet
Re: thanks Ron
Date: 2010-04-26 03:22 am (UTC)Re: thanks Ron
Date: 2010-04-26 03:24 am (UTC):)
Re: thanks Ron
Date: 2010-04-26 04:44 am (UTC)no subject
Date: 2010-04-26 03:55 am (UTC)and hey, maybe what they're asking is *exactly* what everyone else in the neighbourhood is asking, but other places are 1 third the size of these spots. So yeah, you *can* charge $30 and even $40 a square foot when the space is 1000sqft, but, it seems, not when your min. divisible is almost 5000. they're having tenant after tenant leave saying, 'we can't afford this any longer' when other places are keeping in place.
But this keeps on, and eventually, it'll be chain stores, all the way down.
no subject
Date: 2010-04-26 04:01 am (UTC)no subject
Date: 2010-04-26 04:05 am (UTC)no subject
Date: 2010-04-26 04:14 am (UTC)no subject
Date: 2010-04-26 04:32 am (UTC)this is not the time for them to be playing these games; in the end they just have empty spaces sitting around and I can't see that it's not going to hurt. When you leave, that building will be almost 2/3rds empty when you cound the theatre and offices, no?
no subject
Date: 2010-04-26 04:36 am (UTC)no subject
Date: 2010-04-26 04:06 am (UTC)Those spaces are way too big for retail.
Sad but true, it WILL be "chain stores, all the way down".
Pet
no subject
Date: 2010-04-26 04:08 am (UTC)no subject
Date: 2010-04-26 04:13 am (UTC)I know poor little rich girl is busy and doing well in the other locations so that tells me something about the Davis rent. I can only imagine how expensive it is.
Favoring local or not, it's uncool to have places pay so much they have to leave one after the other. Hello Verizon Wireless!
no subject
Date: 2010-04-26 04:36 am (UTC)no subject
Date: 2010-04-26 04:37 am (UTC)no subject
Date: 2010-04-26 04:38 am (UTC)no subject
Date: 2010-04-26 04:39 am (UTC)no subject
Date: 2010-04-26 04:43 am (UTC)no subject
Date: 2010-04-26 04:45 am (UTC)this news just ruined my day
Date: 2010-04-26 12:03 pm (UTC)I can only hope that they will be moving somewhere in the surrounding area soon because I cannot fathom not having this store in my life!
no subject
Date: 2010-04-26 12:45 pm (UTC)I drove by the Inman Sq location yesterday (as I often do) and it looks very nice. I look forward to checking it out sometime.
no subject
Date: 2010-04-26 12:49 pm (UTC)Yes, I know, it's ironic.
My Newbury Street space is under 700 square feet, so it is very affordable.
Please come by and check out the Inman location, I think you will like it.
Thanks,
Meredith
poor little rich girl
no subject
Date: 2010-04-27 04:09 am (UTC)one nice reminder is that the storefront is papered up with at least a bright signature color... but it makes me wonder how long that will linger before they fill the space again. i can't Wait to see how the old B&B spot turns out! i haven't yet checked out the Buffalo Exchange, but i guess might as well now.
and while i can understand not wanting to sell items for under their value (i'm glad there are locations to take them to!), i think it would have been nice to have a farewell shopping effort so perhaps those who are nearby could have a Last Find... and the shop less to move elsewhere.
as has been mentioned in other such sad tales, it seems like these closings are happening with less and less warning :(
no subject
Date: 2010-04-27 04:16 am (UTC)no subject
Date: 2010-04-27 04:39 am (UTC)when i responded to the email in confusion, the owner did respond apologetically right away to say that she didn't want to have a sale and undersell consignor goods. which is thoughtful, as is her prior comment of paying people a "living wage," since that seems to be hard to come by now. but still, some warning of a day or two would've be nice.
however, as i mentioned to her, i Seriously hope that the new location has a fab opening...
no subject
Date: 2010-04-27 01:32 pm (UTC)Yes, we are officially closed for business in that location.
The April 30th date was for the consignors to know what the last day was that we would be there for consignment transactions (actually the last day for officially picking up is Thursday the 29th, but I will be there on the 30th cleaning and tying up loose ends).
Like I had mentioned previously, I had really hoped that it would work out, and when it became apparent that it would not, I did not have a lot of time with the 1st of May rapidly approaching.
I sincerely apologize for any confusion...I sent out a coupon so people could hopefully use it if and when they check out our other spaces (and maybe the new one soon too).
When we are open in our new location we will have an opening party so everyone can come check it out. :)
I spoke to hundreds of people on the phone and via email yesterday, and everyone was so supportive, it reminded me of why I love this neighborhood so much.
Meredith
poor little rich girl
no subject
Date: 2010-04-27 01:36 pm (UTC)I worked at a Buffalo Exchange in a different state and I was paid pennies over minimum wage.
Eventually I left to nanny because I could make a decent enough income to be able to do things like eat.
While it is certainly a great loss to the square, I think her move shows what is going on in Somerville and maybe somebody in governement can take a look at it so it doesn't keep happening.
no subject
Date: 2010-04-26 01:24 pm (UTC)thank you
Date: 2010-04-26 01:27 pm (UTC)Meredith
no subject
Date: 2010-04-26 01:42 pm (UTC)no subject
Date: 2010-04-26 01:52 pm (UTC)I am glad that I have saved you on more than one occasion!
:)
I'm curious...
Date: 2010-04-26 02:56 pm (UTC)Re: I'm curious...
Date: 2010-04-26 11:46 pm (UTC)http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=16619613&SRID=864846351&StepID=101
Works out to smidge under $12,000 a month.