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Miyo's , 715 Fashion Drive Suite 1: 31 March 2019   4 comments

Posted at 11:25 pm in closing

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When I took these pictures on 30 March, I couldn't see any indication on the door that the place was about to close, but apparently by the last day, it was there.

I have never eaten at any of the Miyo's or M locations, but I believe this one had been at Sandhill from the early days.

(Hat tip to commenter Rashaad)

Written by ted on April 1st, 2019

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Family Christian Stores, 715 Fashion Drive Suite 6: April 2017   9 comments

Posted at 11:12 pm in closing

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Well, as has been noted in Have Your Say a good many times already, Family Christian Stores is closings all of the chains stores and going into liquidation.

USA Today has a good overview, and Gleanings has a bit more detail and Christian business community focus.

I had thought I recalled that this chain started as Zondervan (who once had a store at Columbia Mall though I never did a closing), and these articles confirm it. The Zondervan brothers founded the business in 1931, giving them an 85 year run, which is certainly not bad. In 2012, the current management brought out the already money losing business and reorganized as a non-profit, but even on that basis the cash flow was not enough, and the chain filed for Chapter 11 in 2015, but even with shedding a lot of debt, the re-organization never was able to stay above water and apparently a lot of the debt shed was owed to small enterprises which could not afford to stay in business without the owed payments, so a bad situation all the way around.

(Hat tip to commenter Andrew I think)

Written by ted on March 27th, 2017

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