Ahora rentando apartamentos de 2 habitaciones • Excelente ubicación • Vida asequible
Vendors across multiple states took to social media to describe the chaos of the sudden shutdown and wondering if they would be refunded rent paid for next month.
Painted Tree Boutiques, a retail chain that housed hundreds of independent vendors under one roof across more than 60 locations nationwide, abruptly ceased all operations Tuesday, leaving thousands of small business owners with little warning and no clear explanation.
The company confirmed to the Tyler Morning Telegraph that it is closed to the public, with only vendors informed of the details. In a letter sent to shop owners, the boutique chain ordered vendors to immediately retrieve their merchandise following what it described as a sudden and permanent closure of all retail locations across the country, confirming it had stopped all business activity effective immediately and would no longer conduct retail sales at any location.
The letter read, in part: “We understand the impact this has on you and your business, and we are truly sorry. We know many of you have invested significant time, energy and resources into building your spaces at Painted Tree, and this is not the outcome any of us hoped for.”
No official reason for the sudden closure has been provided. The development follows unconfirmed reports that the company may be considering Chapter 7 bankruptcy, according to the Tyler Morning Telegraph.
Founded in 2015, Painted Tree billed itself as a “shop small” destination, describing its concept as an “Etsy marketplace and Pinterest catalog come to life,” operating large warehouse stores housing groups of independent vendors who stocked their own products and designed their own spaces.
Vendors have been given a 10-day window to remove their inventory.
The company was posting on social media as late as Monday night about a Ladies Night scheduled for Thursday, which has since been canceled.
The closure has sent shockwaves through the small business community. Comments across their social media pages were full of confusion and anger from vendors and customers. Vendors across multiple states took to social media to describe the chaos of the sudden shutdown and wondering if they would be refunded rent they had already paid for May.
Some vendors reported that store supervisors disclosed the company had filed for bankruptcy, even as the official notification email provided no such explanation.
Painted Tree’s rapid growth in recent years was fueled in part by opportunistic real estate deals, with nearly one-third of its locations occupying former Bed Bath & Beyond stores.
The company had not responded to requests for comment as of Tuesday afternoon.
💌 Mantente al Día con lo Último del Entretenimiento Latino
Recibe noticias exclusivas de celebridades latinas, chismes virales, belleza, moda y entretenimiento — directo en tu correo.
Sin spam. Solo lo mejor de Atlanta Latinos Magazine.
