Kingwood Painted Tree Permanently Closing

donnatella : I hope she see's this and feels badly. That said, people like her would probably celebrate that they got the prize just in time.

beadweaver :

SpaceCat :
What type of store was it?

We need a Belk there.

Genesis :
An artist crafts market. They sold space for you to sell. You can't sit and work your booth and they sell and collect your money. Not enough eyes on shoppers (aka shop lifters). They are in business to collect space fees, not selling. They didn't care if you made a profit as you only had control of what you put in the booth. Plus they had mass produced socks etc from China. If I wanted to sell scarves, I could go to harwin and buy them wholesale bulk and put them at a space for four times what I paid. However, with few customers, they wouldn't sell anyway.
An artist will sell more and build a customer base if they are connecting with buyers. Some person making minimum wage doesn't care if you profit, or if your inventory is stolen.

They're still advertising their Ladies Night scheduled for this Thursday on Facebook.

Painted Tree filed for Bankruptcy.

Oh no! I wonder who will take their place.

Joe : That space is 37,528 sq/ft. My guess is the annualized rent is around $500k a year in the 5th year of their lease. The lease doesn't expire until 2032, but maybe the landlord has something lined up and will give them a break on the final 6 years. With KW retail space almost 100% leased, that big space could make for a very valuable entry into the trade area for a national chain. It will be interesting to see what happens.

donnatella : OK y'all have to fill me in. I must've missed this. What happened with Astro's lady jacket

Shocked it stuck around this long, honestly.