I wondered if Columbia could support a store like this, and unless they have just moved somewhere else, I guess the answer is no: Even a non-profit store has to pay rent & utilities.
If I understand the concept, Ten Thousand Villages was to sell crafts from third world countries with more of the selling price making its way back there than is the usual case. That's a nice idea, but people still have to buy them. Walking by there from time to time on my way to CVS, I would see things that, while I could appreciate the skill and craftsmanship that went into them, I really didn't have any desire to put in my house. Of course I'm the sort who thinks you can never have too many pictures of the beach on your walls, so take that for what it's worth.
UPDATE 4 March 2010: Added full street address and precise closing date (from this link) to post title.