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Business & Economy
Wed March 7, 2012
Craftique Furniture Closing After 66 years
A high-end furniture maker in Alamance County is going out of business.
Jeff Tiberii: Craftique has been making hand-crafted mahogany furniture since 1946. But the Mebane based store is no longer making enough money. President Craig Shoemaker says business is only 30-percent of what it was six years ago.
Craig Shoemaker: We tend to think we were among the top five quality manufacturers left in the country and would love to have gone on for a long period of time, but unfortunately the economics just aren't there for us to do it.
Shoemaker says a lack of consumer confidence is one of the biggest factors in the drastic decline of his business. About 25 full-time employees are losing their jobs. A liquidation sale will take place tomorrow in Burlington and the factory will be sold soon.