Carter's closes shop.
The chain became employee-owned and operated in 2000. In recent years it has struggled against Wal-Mart; in 2005, a Wal-Mart opened about half a mile from Carter's Tawas City location. The chain offered S&H Greenpoints and used the slogan "Home of the Freshables" to tout its perishables, which included Angus Pride beef.
Published reports said Carter's stopped accepting deliveries in early July and closed after the July 4th holiday weekend. In early July a federal judge ruled that the chain was liable for $940,916 in unpaid invoices dating back to 2003.
According to one report, Robert Fruchey, the co-owner of Carter's stores in Gladwin, Edenville and Beaverton and the manager of the Beaverton store, said those three were shut down because Carter's was behind on the rent. He reportedly hopes to reopen the stores under new ownership and a new name.
Calls to Carter's corporate office were not returned and no one answered phones at the stores.
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|Title Annotation:||TRADE talk|
|Date:||Aug 1, 2006|
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