Do we have any idea yet on what happened w/2Ps?

It wasn't long ago that someone was talking about how the store hadn't updated it's inventory in a LOOOOOOOOOOOOOOOONG time and there was a lot of speculation that the sale to the Kadoodle(?) owners didn't get either party the revenue they wanted... but I don't know anything for sure. 

On last week's Paperclipping podcast it was discussed briefly that 2Peas was no longer able to get a credit line from vendors which meant they couldn't add new inventory to the store. Also, Nancy Nally said once the White's reacquired 2Peas from Leisure Arts she knew their were financial difficulties.

I don't know...I can't imagine their etsy shop can support them. Does anyone know if they're just selling off remaining inventory or are they producing new inventory for their shop?

I just chalked it up to their bad business practices finally catching up with them.

Why would they buy back the company if there were financial difficulties?  I had seen that mentioned somewhere before and couldn't figure it out.  That just seems like a recipe for disaster!

On the podcast discussion that was never answered. I was curious about this too. I guess they had the opportunity to buy back their company and wanted to give it another go to see if they could make it successful.

Nancy Nally, www.scrapbookupdate.com, wrote an article about 2Peas closing on June 25, 2014, where she stated similar information about their financial difficulties. 

Here's the link to the story: www.scrapbookupdate.com/2014/06/25/breaking-two-peas-in-a-bucket-closing/#more-35771

Several of the Garden Girls wrote on their blogs that they only found out an hour before the general email came out.

I find that really crappy.

I think the writing was on the wall for a long time.
There had been on new inventory added to the store in FOREVER. Customer service had gone to hell in a hand basket. TPTB would not answer any questions abut inventory or the website on the General Scrappin Board.

Personally I think they drove the nails into their own coffin when they redesigned the website.
There was a huge blow up on the GS board about that. Jeff came in and basically told everyone to F Off that they didn't care what the customers thought. He started banning people. A LOT of scrapping peas, who had been paying customers of the store, left because of it. Some middle tier scrapper/bloggers left over it as well and I know that hurt the store.

One of the Garden Girls said that they were paid with gift cards to the store, and that is why there was never anything in stock, lol.

Interesting article.

I heard that as well. Along with other things about relationships not going well. I read a few different blogs from designers etc.. I wondered what had happened. I'm not convinced it was a slow closing thing as they were dwindling out their inventory for some time and then the ads to keep it going. I am a little suprised that it wasn't bought by someone else as a few other companies have merged.
  ETA- it did look like  most of the designers were blind sided by the news so i wondered if had to more with the relationship with the owners?

myshelley - I thought the same thing, but some of the blogs I was reading they were suprised and shocked when they got the actual emails. I'm sure nobody thought it would actually happen but more get bought by someone else or whatever but it was a drastic way to go nonetheless. Sort of crazy after so many years. I do feel bad for the GGs!