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‘We haven’t been able to pay ourselves from the business’

Michael Thompson March 7, 2014 0

Carytown retailer Champagne & Shoes is having its going out of business sale. (Photo by Michael Thompson)

Carytown retailer Champagne & Shoes is having its going out of business sale. (Photo by Michael Thompson)

Another women’s fashion store will soon bid farewell to Carytown.

Champagne & Shoes, at 3004-B W. Cary St., is shutting down and holding a going-out-of-business sale.

Cousins Kathleen Preservati and Jen Rooker launched the women’s shoes and accessories store in 2012.

“Our goal is to be out of here by the end of the month,” Preservati said.

Preservati cited competition from nearby consignment shops and the rise of big box stores as reasons for winding down operations.

“We haven’t been able to pay ourselves from the business,” Preservati said.

In addition to selling shoes, which range from $100 to $300, Champagne & Shoes also hosted evening shopping parties. The business had one part-time employee.

The shop is the latest to close up shop as part of the churn of Carytown retail.

The Yarn Lounge closed in late 2013 after nine years of business inside 3003 W. Cary St. Pink, a women’s fashion boutique that sat at 3158 W. Cary St., closed in Feb., but will soon be replaced by Lou Lou, a women’s fashion chain based in Middleburg, Va.

Since announcing in February its going-out-of business sale Champagne & Shoes has sold 75 percent of its inventory and fixtures, Preservati said. Among the items for sale were two chandeliers, each made from 84 wine glasses, priced at $500 a piece.

For her next move, Preservati said she had a final interview lined up with a retailer in Short Pump.

Real estate firm Spotts & Carneal has the Champagne & Shoes space up for lease.

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