Rag Shop

[nannymouse]

I don't know if this is isolated or not, but saw signs at my local rag shop going out of business in Howell NJ

[nannymouse]

don't know how to edit checked website and all stores are closing with 20to 50 percent off savings

[Panda Girl]

I've never heard of this place. But tried www.ragshop.com and they only have one page Going out of business

[nannymouse]

Rags Shops is a crafting/sewing store here in NJ not sure of other states edited to add: according to signage - 70 percent off patterns, 50 percent off mirrors and most everything else is 20 percent off as of yesterday afternoon.

[kmbrly]

This was in today's Palm Beach Post

 

http://www.palmbeachpost.com/business/content/business/epaper/2007/06/19/0618ragshops.html

 

Tuesday, June 19, 2007

 

Rag Shops Inc. is going under.

 

The 61-store chain is selling off its inventory of scrapbooks, beads, sewing notions and art supplies after its Boca Raton-based parent company pulled the plug on the crafts retailer with a bankruptcy court filing.

 

All but two of its Florida outlets are in South Florida; six are in Palm Beach County.

 

Last week, a U.S. Bankruptcy Court judge greenlighted the sale by parent company Crafts Retail Holding Inc.

 

Local stores immediately advertised going-out-of-business sales, with merchandise initially cut by 20 percent or more.

 

Crafts Retail Holding Inc. is an affiliate of Boca Raton's Sun Capital Partners Inc., a private equity firm which bought Rag Shops in 2004.

 

 

 

 

I like the Rag Shop. Much closer to me than Michaels.

[sm1kla]

The Rag Shop that was here in SW PA went out of business about 7 years ago.

[comm402]

I was just in Rag Shop yesterday. They are up to 30%-70% percent off. Plus if the item is already on clearance you take 30% off the clearance price.

[nannymouse]

Just an FYI - stopped by Freehold NJ Rag Shop today -signs saying final 3 days of sale. Browsed around actually found signage of upto 50% off shelf tags ....the store is pretty wiped out though the smallest percentages were on bridal section-still quite a bit there and some wicker items. The line was pretty long so I didn't bother to purchase the 3 items I had selected.