Monday, February 23, 2009

Pottery Barn Cuts "Threads"

The Pottery Barn Kids spin-off, Threads, is closing after just 15 months. The store specialized in baby clothing and gifts and also offered in-store monogramming. After a successful run on Second Avenue, Williams-Sonoma-- the parent company of Pottery Barn and Threads-- planned to expand the concept store

Unfortunately, Williams-Sonoma has been hit with the rest of our economy. The stock is down about 65% since the start of they year and down more than 73% from its 52-week high. In January, the company announced actions to reduce its overhead costs by $75 million. This translated in 1,400 employees losing their jobs and Threads getting cut.

The store is slated to close next week and everything is now reduced an additional 30% off. The merchandise is going fast and employees don’t even know if the store will last that long. For now, there is a gorgeous baby bassinette for about $370 and a heavily discounted barn jacket embroidered with the name Bianca.

Contact: 212-737-0104
1451 2nd Avenue (75th & 76th)


Anonymous said...

Not surprised! I usually go to the Williams Sonoma on 86th but they don't carry the full All Clad line so I stopped in the 59th st store one day early last spring to grab something. It was raining so the manager decided to clean out the store. I spend $200 and left with 3 All Clad pans and a pile of All Clad utensils plus a few rubber spatulas for about $200 and 100 of that was for one pan I paid full price for. I'm still kicking myself for not buying the roasting pan for only $40!!! All of the marked down pots and pans were the display models but they still looked new, they just didn't come with a box.

Anonymous said...

Oh, the employees have known what's coming to 1451 2nd Ave for quite some time...

The only two Threads stores have been cut, yes. But greater things are soon to come. Ever thought that they've got a better concept to introduce to the Upper East Side? And they're keeping the same staff too.

You need better spies.