Triangle furniture store shuts down
The housing slump has claimed high-end furniture store Porto as one of its victims, the store’s owners said Friday.
Porto had locations in Raleigh and Chapel Hill. It offered hand-crafted furniture made by companies that it said practiced environmental sustainability.
But amid a local slump in residential housing and a general economic slowdown, it became too difficult to keep the store’s doors open, owners Michael Perry and Emily Barret said in a statement.
“Porto was founded on the premise that our responsibilities extend beyond the showroom doors,” Perry says in the statement. “Emily and I were determined that our collections would be designed and manufactured by companies who practice environmental and social responsibility, and be of the highest quality available. And we knew that what we offered was of heirloom quality. It would last rather than fall apart and end up in a landfill.”
The stores are closed but will fulfill all special orders, a statement says.
The company was part of a Triangle Business Journal series, known as Project Survival, that chronicles businesses in their first year of operation.
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