Sundial Shop no more...

NHBoat70 · 05-11-2010, 10:47 AM

I just wanted to get some people's thoughts or reactions to the recent closure of the Sundial Shop in downtown Laconia. Is this a sign of the economic times? Or has the Internet ruined another local business?

dpg · 05-11-2010, 11:06 AM

Yes and yes.

Shedwannabe · 05-11-2010, 11:11 AM

Quote:

Originally Posted by dpg

Yes and yes.

There is so much you don't know about this. For example, building has been on the market for almost two years, since before the financial chaos hit. The owner's age and desire to retire is also unrelated to the economic hard times. Additionally, over the past 10 years, the SunDial has shrunk from 3 (I think, maybe 4) stores to one store. So the simple answer of "yes and yes" is rather uninformed.

Than said, the economic climate is very difficult right now and may have had something to do with the timing. But to chalk this up entirely to a bad economy is to be too superficial about this situation.

BroadHopper · 05-11-2010, 11:46 AM

Plus the fact that business loans are much harder to procure. many loan companies want to see enough liquid assets to cover the loan. Not too many people are in that position after losing their money in the market.

Irish mist · 05-11-2010, 02:12 PM

The owner wants to retire. That's the main reason. The other reasons are secondary.

upthesaukee · 05-11-2010, 02:15 PM

Here is an article in the Citizen on I think May 6th.

http://www.citizen.com/apps/pbcs.dll...WS02/705069610

angela4design · 05-12-2010, 10:21 AM

The Sundial Shop has always been a favorite of mine, and I shopped there for many special occasions over the years! Including just this morning, in fact! I will certainly miss them. To me, this is the kind of shop that locals made a point to visit when the occasion arose.

On my stop in this morning, the staff is busily working and right now and the inventory is entirely 30% discounted. They still have Yankee Candles, books, cards, gifts galore, candies and seasonal items.

I can only wish Warren Clement the best in his retirement! It was a good run!

05-11-2010, 10:47 AM	#1
NHBoat70 Senior Member Join Date: May 2009 Location: Laconia Posts: 69 Thanks: 4 Thanked 17 Times in 7 Posts	Sundial Shop no more... I just wanted to get some people's thoughts or reactions to the recent closure of the Sundial Shop in downtown Laconia. Is this a sign of the economic times? Or has the Internet ruined another local business? Last edited by NHBoat70; 05-11-2010 at 10:47 AM. Reason: added word

05-11-2010, 11:46 AM	#4
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,576 Thanks: 3,212 Thanked 1,103 Times in 794 Posts	Business Loans Plus the fact that business loans are much harder to procure. many loan companies want to see enough liquid assets to cover the loan. Not too many people are in that position after losing their money in the market. __________________ Someday may never be an actual day.

05-11-2010, 02:15 PM	#6
upthesaukee Senior Member Join Date: Jan 2003 Location: Alton Bay Posts: 5,597 Blog Entries: 2 Thanks: 2,457 Thanked 1,979 Times in 1,080 Posts	From the Citizen Here is an article in the Citizen on I think May 6th. http://www.citizen.com/apps/pbcs.dll...WS02/705069610 __________________ I Live Here... I am always UPTHESAUKEE !!!!

05-11-2010, 11:06 AM	#2
dpg Senior Member Join Date: Apr 2004 Posts: 2,597 Thanks: 153 Thanked 229 Times in 166 Posts	Yes and yes.

05-11-2010, 02:12 PM	#5
Irish mist Senior Member Join Date: Dec 2006 Posts: 683 Thanks: 127 Thanked 85 Times in 49 Posts	The owner wants to retire. That's the main reason. The other reasons are secondary.

05-12-2010, 10:21 AM	#7
angela4design Senior Member Join Date: Mar 2007 Location: Meredith Posts: 353 Thanks: 45 Thanked 54 Times in 38 Posts	The Sundial Shop has always been a favorite of mine, and I shopped there for many special occasions over the years! Including just this morning, in fact! I will certainly miss them. To me, this is the kind of shop that locals made a point to visit when the occasion arose. On my stop in this morning, the staff is busily working and right now and the inventory is entirely 30% discounted. They still have Yankee Candles, books, cards, gifts galore, candies and seasonal items. I can only wish Warren Clement the best in his retirement! It was a good run!