Archiver's Stores Closing After 14 Years in Business
Employees were informed of the decision today. Stores will begin 'going out of business' specials immediately.
Now, with technology such as Instagram and Facebook tracking our every move, the chain has determined it can't compete in the niche market, and Archiver's will be closing its stores nationwide, including in Woodbury and around the Twin Cities.
The Minnetonka-based business filed for Chapter 11 bankruptcy protection in spring of 2013, according to Patch stories from last year. Leaders had hoped to "retool" its business plan in order to compete.
But a statement today said the small company - it has just three-dozen employees at its main office, the release said - has decided to call it quits.
Stores will begin clearing out shelves immediately, offering "going out of business specials," the release states.
The statement, issued via Archiver's Facebook page on Thursday, Jan. 2, 2014 is attached to this article.