Quote:"It was not profitable because of the rent expense, which was very significant. I spoke to the Greenwich landlord about four months ago and said, 'You find a tenant, and we'll go,' " said Michael Recca, the company's interim CEO and chief restructuring officer, who declined to say how much the store was paying in rent.
Story:
Harvey Electronics closing store in town, 4 others
Harvey Electronics, the victim of a recent bankruptcy filing, is pulling the plug on its high-end home theater, television and stereo business in Greenwich.
Please Read:
03/26/08 - Harvey will close its freestanding stores in Paramus and Bridgewater, N.J.; Greenvale and Mount Kisco, N.Y.; and Greenwich, Conn., over the
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Dictionary.com/Word of the Day/deus ex machina
Dictionary.com Word of the Day for Wednesday April 2, 2008.
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