Nearly three years after signing a lease for a 15,000-square-foot store in Washington D.C., locally-based organic grocer Ellwood Thompson’s announced that it is backing out.
The grocer reached an agreement with the landlord of the DCUSA complex in Columbia Heights to terminate the lease, according to a release sent out by the company last week.
The first signs of trouble came in 2009 when an Ellwood spokesperson told a D.C. blog that the company did not have the funding available to spend on building out the store, which would have been its second location. In a follow up story on BizSense, the spokesperson said that the chain had seen double digit growth until the recession hit, leading to a decline in sales.
The latest announcement ends months of speculation as to whether the store would ever open. You can read more about the recent announcement here at TBD.com.
Nearly three years after signing a lease for a 15,000-square-foot store in Washington D.C., locally-based organic grocer Ellwood Thompson’s announced that it is backing out.
The grocer reached an agreement with the landlord of the DCUSA complex in Columbia Heights to terminate the lease, according to a release sent out by the company last week.
The first signs of trouble came in 2009 when an Ellwood spokesperson told a D.C. blog that the company did not have the funding available to spend on building out the store, which would have been its second location. In a follow up story on BizSense, the spokesperson said that the chain had seen double digit growth until the recession hit, leading to a decline in sales.
The latest announcement ends months of speculation as to whether the store would ever open. You can read more about the recent announcement here at TBD.com.