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Showing posts from September, 2008

Fabric Place to close final two stores in Framingham and Woburn

By Dan McDonald MetroWest Daily News Posted Sep 05, 2008 @ 11:19 AM FRAMINGHAM — Fabric Place the family-operated shop that wove itself into the town's consciousness over six decades is closing. Thursday, Alexander Vezina, the company's CEO, confirmed the 30,000 square-foot store at 136 Howard St. will likely close by the beginning of November. For the past several days, shoppers perused merchandise, grabbing discounted balls of yarn in a variety of hues or marked-down sewing machines. Vezina attributed the closing to the sagging economy. He said Fabric Place saw a drop in sales of about 3-5 percent two years ago. This year he called the decrease, "a bit more dramatic." With the company dissolving and closing its Framingham and Woburn Mall locations, about 150 workers will lose their jobs. "We encountered soft sales in a very difficult economy. I think furniture stores ... and fabric stores are failing," said Vezina. He said the company concluded it