Greetings & Readings will close its 30,000-square-foot book and gift store located north of Baltimore on Jan. 20 after 49 years in business.
Members of the family-owned business in Hunt Valley Towne Centre told the 80-member workforce Thursday that the independent book and gift store would shutter after sales had slumped 15 percent this year.
“The internet has put a crush on everything,” said Steven Baum, president of Greetings & Readings. “We’re in double-digit decreases now. It is just dead.”
The store’s closing is the latest in the Baltimore metro area as the retail landscape changes in the era of e-commerce. Big box stores like Sears, Sports Authority and Toys R Us have closed among smaller businesses and local chains like Mars Super Markets. The closings have left gaps in shopping centers and malls across Maryland.
Greetings & Readings is the latest casualty.
The store was founded by Phyllis Baum in 1969 and was once located in 1,800 square feet at Loch Raven Boulevard and Taylor…Read the full story from the Washington Business Journal.