Garden Ridge to Close Store in Airtex, Texas
Houston, Garden Ridge will close its second-oldest store in the chain, and will relocate it later in 2006. The 35-store Garden Ridge chain lost its Airtex store lease, and will close its doors in January. “This is a bittersweet moment in the history of Garden Ridge,” said CEO Tom Kibarian. “Closing one of the original stores in the chain is hard on everyone, but with Airtex store sales representing less than 2% of the chain, we feel it’s time to relocate the store to achieve continued growth and future expansion.” The store will stay in the Houston area.
Factory Card CFO Departs
Naperville, Ill., Factory Card & Party Outlet Corp. said its executive VP, CFO and chief administrative officer James D. Constantine is leaving the company to pursue other interests.
The retailer also announced the promotion of controller Jarett A. Misch to VP, controller and chief accounting officer, and the promotion of treasurer Timothy J. Benson to VP and treasurer.
Casual Corner to Close All 525 Stores
Enfield, Conn., Casual Corner Group will close or sell all 525 of its stores in 42 states and Puerto Rico. The Casual Corner, Casual Corner Annex and Petite Sophisticate stores will begin closing sales on Friday, the company said in a news release. “However, we continue to examine the long-term strategic options for the Casual Corner Group stores, including the search for investors interested in continuing the Casual Corner/Petite Sophisticate brands and operations,” said Malcolm Sherman, the company’s chief executive officer. The company was founded in 1950 in West Hartford, Conn.