Seasonal Concepts files Chapter 11
-- Casual Living, 11/1/2007 12:00:00 AM
Minneapolis-based specialty retailer Seasonal Concepts filed for Chapter 11 in U.S. Bankruptcy Court, district of Minnesota.
The retailer, which incorporated in 1962 as Flowertown, changed its name to Seasonal Concepts in the mid-1990s. It sold casual furniture and related products as well as holiday products through nine retail stores in five states.
After suffering losses of $3.2 million last year, Seasonal Concepts made changes in its distribution, branding, inventory mix and store locations. Six underperforming locations closed, distribution centers were consolidated and corporate overhead was reduced.
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