Oh boy.. Archiver's filed Chapter 11

Two Peas is Closing
Click here to visit our final product sale. Click here to visit our FAQ page regarding the closing of Two Peas.

Posted 4/30/2013 by WorkingClassDog in General Scrappin'
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Creative Dreamer

PeaNut 82,675
April 2003
Posts: 10,742
Layouts: 12

Posted: 5/2/2013 1:47:13 AM
Not real surprising, but sad news. The local Archivers recently cut their hours, so I figured they weren't doing as well.

Ancient Ancestor of Pea

PeaNut 395,153
October 2008
Posts: 10,537
Layouts: 139
Loc: Here

Posted: 5/2/2013 8:29:15 AM

Pink Paislee
Queen and Co
American Crafts
My Mind's Eye
and many more!

I doubt several of those scrappy companies will be able to afford to lose $25,000 - $250,000 that they are owed by Archivers and stay open themselves - through no fault of their own! They chose in good faith to do business with Archivers and now they have to try to eat HUGE (to them) losses while Archiver's gets to restructure to stay afloat!

I don't think they'll make out so badly. Archivers needs to have suppliers going forward, it won't want to screw these vendors because if they do they won't be able to stock their products going forward!

Formerly K-B8123


PeaNut 286,882
December 2006
Posts: 4,085
Layouts: 0

Posted: 5/2/2013 9:20:05 AM
Guess I better get there and use the gift certificate that DH got me for Christmas!

Ancient Ancestor of Pea

PeaNut 268,201
July 2006
Posts: 5,579
Layouts: 8
Loc: Northwoods

Posted: 5/2/2013 10:19:20 PM
bumped for bugluver
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