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On Friday, the Steuben Glass store at 667 Madison Avenue closed for good, as the company is shuttering due to declining sales. After 108 years, Steuben's parent company Schottenstein Stores Corporation announced that it would be closing the company's factory in Corning, New York, laying off employees, and shuttering the brand's Madison Avenue flagship.
The Times reports that there's more of a demand for fancy crystalware than you might think, as the store was packed on its last day. "...Panic set in among shoppers suddenly aware that the 50 and 70 percent markdowns were no seasonal stunt. As the final minutes ticked down, the store filled with anxious shoppers. Nearly 600 Internet orders were logged in under an hour."
· A Clearance on American Icons [NYT]
· Steuben Glass [Official Site]