The economic downturn is hitting local stores especially hard. Saddest among those affected are the decades-old establishments suddenly facing bankruptcy or liquidation. Recent news affects regional chains with long histories:
- In Charleston, Luden's is closing its doors. As its website states, "established in 1867 as a ship's chandler, J.J.W. Luden's is the oldest retail establishment in Charleston." Its owners cited an expiring lease as the main factor in the decision to close, along with economic conditions. (Timely Demise finds this odd--Luden's surely endured many other expired leases and tough years over the past 142 years.)
- Specialty retailer The End Result in State College, Pa. is closing after 38 years. Downtown State College has seen numerous retailers depart in recent months, like many town centers, although its economy is buoyed somewhat by Penn State students.
