5 of 9
BACKNEXT
A landmark business shuts down
Ron and Linda Isaacson, former owners
The Fabric Place

In the autumn, one of Framingham's staple business closed its doors. The Fabric Place had been open since 1946. During its heyday, it employed 500 people at multiple locations throughout the Northeast.

Local residents murmured that the recession had killed The Fabric Place. But the owners say that wasn't the main culprit. The company started to shrink five years ago, with the rise of the Internet, as consumers moved toward e-commerce and toward cheaper, ready-made clothing and furniture purchases.

The Isaacsons saw the macroeconomic changes affecting their business, and they tried to adapt. As buyers gravitated towards premade clothes from China, they held classes to entice people to learn to sew. They changed their inventory: The Fabric Place offered custom upholstering but also began stocking ready-made items like window treatments.

Linda Isaacson says the final nail in the coffin was the housing crisis.

"People became more casual in their homes. They cared more about flipping houses than customizing them," she says.

The vacant store in the heart of Framingham's downtown now holds only memories of the once-bustling workroom and the shelves that used to be filled with hard-to-find items like roman shade chords and calicos prints.

"The customers were crying, they were so upset we were closing," recalls Ron. "We were a multi-generational store. Grandparents and grandchildren would come in together."

NEXT: A new business takes root

LAST UPDATE: Mar 02 2009 | 11:06 AM ET
Sponsored by
In one town, recession helps bridge cultural rift Framingham's immigrants always felt like outsiders. Then the downturn began forcing the town's planners and entrepreneurs to work together to save imperiled businesses. More
A small town weathers the downturn Scenes from Framingham, where small businesses struggle to stay afloat in hard economic times. More video
What do you think of Framingham's challenges? More
Sponsors

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.