PUTNEY, Vt. (AP) - A Vermont basket making company plans to close its last retail store in order to focus on wholesale operations.
The Brattleboro Reformer reports Basketville said in a press release it would close its flagship Putney store before 2019. Five positions at the store will be eliminated.
Basketville says the retail store doesn’t fit within its goals and that it will concentrate on “serving some of America’s largest retailers.” The company closed its other retail stores along the east coast in 2006 and 2007.
Basketville entered into a joint venture in China to avoid rising manufacturing costs in the U.S. The company currently designs and sources “customized decorative storage” products.
Basketville CEO Greg Wilson couldn’t be reached for comment Monday.
Information from: Brattleboro Reformer, http://www.reformer.com/
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