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Post by Eddie-n-Harley on Aug 1, 2014 1:32:51 GMT
Innnnteresting. I'm within driving distance of that (maybe 45 minutes). Me, too. But like danalz, I have to work. Hey, wait... why don't they sell all that stuff in their etsy store?! |
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mely
Junior Member
Posts: 89 
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Post by mely on Aug 1, 2014 2:22:16 GMT
Cash doesn't need to be reported in a bankruptcy proceeding? Anyone know if they filed?
Sent from my SAMSUNG-SGH-I337 using Tapatalk
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Post by AN on Aug 1, 2014 2:25:56 GMT
I hope they have a successful sale and are able to survive as a family. I've been in the position of having a family business go under and it is heartbreaking. They did have a poor business model and could have been more transparent about closing the boards but it still must suck to watch your business flounder and wonder what you are going to do for a living in the future. I wish them the best. Did they make like $600k when they sold the business the first time around? Now, I don't know what transpired since then, how much it cost them to buy it back, what they have in assets, etc - but I hope that they set some aside while they were doing well. Surely they had many very good years. |
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Elisabeth
Full Member
Posts: 106
Jun 25, 2014 19:27:52 GMT
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Post by Elisabeth on Aug 1, 2014 13:11:53 GMT
I just received an email about the sale. It said over 16,000 worth of supplies at rock bottom prices.
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Post by Native New Yorker on Aug 1, 2014 13:16:42 GMT
I almost missed the email. It went into my junk folder.
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Post by papersilly on Aug 1, 2014 13:46:57 GMT
I just received an email about the sale. It said over 16,000 worth of supplies at rock bottom prices. I wonder what rock bottom means to them? For me, it would have to be at least 75% off. I got the same email and I guess the employees are selling their stashes too? |
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Post by papersilly on Aug 2, 2014 1:04:34 GMT
well? did anyone go? how was it?
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Post by annabella on Aug 2, 2014 1:14:46 GMT
I hope they have a successful sale and are able to survive as a family. I've been in the position of having a family business go under and it is heartbreaking. They did have a poor business model and could have been more transparent about closing the boards but it still must suck to watch your business flounder and wonder what you are going to do for a living in the future. I wish them the best. No sympathy with the way they closed the boards. Do you remember Lifetime Moments? They were an online scrapbook store with a huge message board. When they went under they were considerate and did the right thing by telling the board they were closing to give people a chance to connect. It's like any company, the nice thing to do is alert employees that layoffs are on the horizon, not the day of. This model has been known for a long time. |
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Post by scraphappyinjax on Aug 2, 2014 2:01:29 GMT
I'm curious too.
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Post by hop2 on Aug 2, 2014 2:01:39 GMT
I hope they have a successful sale and are able to survive as a family. I've been in the position of having a family business go under and it is heartbreaking. They did have a poor business model and could have been more transparent about closing the boards but it still must suck to watch your business flounder and wonder what you are going to do for a living in the future. I wish them the best. No sympathy with the way they closed the boards. Do you remember Lifetime Moments? They were an online scrapbook store with a huge message board. When they went under they were considerate and did the right thing by telling the board they were closing to give people a chance to connect. It's like any company, the nice thing to do is alert employees that layoffs are on the horizon, not the day of. This model has been known for a long time. Yeah but Jackie was a class act the entire time she had that business, from day 1 on thru. She didn't know how not to be a class act. Really sweet, kind and considerate. Why would she change her spots in the end. |
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Post by turangaleela on Aug 5, 2014 20:04:35 GMT
Trying to get the picture off my phone.
So this was probably half of it. I was too chicken to get more pictures (or a good one), but there just wasn't a lot there. And clearance prices? I don't think $5 for a WM background stamp is rock-bottom. I bought a couple of stamps and got some no-name clear stamp sets from the FREE box. There were five or so other women there when my little guy and I were there. Were any of them Refupeas?
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Post by LavenderLayoutLady on Aug 5, 2014 20:28:13 GMT
Trying to get the picture off my phone. So this was probably half of it. I was too chicken to get more pictures (or a good one), but there just wasn't a lot there. And clearance prices? I don't think $5 for a WM background stamp is rock-bottom. I bought a couple of stamps and got some no-name clear stamp sets from the FREE box. There were five or so other women there when my little guy and I were there. Were any of them Refupeas? Thank you for posting this! Good to hear how it really went. |
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FurryP
Drama Llama
To pea or not to pea...
Posts: 7,222
Site Supporter
Jun 26, 2014 19:58:26 GMT
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Post by FurryP on Aug 6, 2014 5:49:00 GMT
That is a sad, sad picture. Kind of like Shirley Temple in the movie "The Little Princess", when her dad dies and she goes from sleeping in a frilly girlie room to sleeping in the dingy attic.
RIP 2 Peas.
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Post by stampnscrap1128 on Aug 6, 2014 9:31:27 GMT
Trying to get the picture off my phone. So this was probably half of it. I was too chicken to get more pictures (or a good one), but there just wasn't a lot there. And clearance prices? I don't think $5 for a WM background stamp is rock-bottom. I bought a couple of stamps and got some no-name clear stamp sets from the FREE box. There were five or so other women there when my little guy and I were there. Were any of them Refupeas? What a yucky way to hold a sale - making the customer dig through bins. A little bit of presentation of products can help a lot with sales, even when it's a warehouse sale or even a garage sale. |
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Post by annaintx on Aug 6, 2014 12:32:56 GMT
What a sad, sad end for 2Peas.  |
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akathy
What's For Dinner?
Still peaing from Podunk!
Posts: 4,546
Location: North Dakota
Jun 25, 2014 22:56:55 GMT
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Post by akathy on Aug 6, 2014 12:53:09 GMT
I hope they have a successful sale and are able to survive as a family. I've been in the position of having a family business go under and it is heartbreaking. They did have a poor business model and could have been more transparent about closing the boards but it still must suck to watch your business flounder and wonder what you are going to do for a living in the future. I wish them the best. No sympathy with the way they closed the boards. Do you remember Lifetime Moments? They were an online scrapbook store with a huge message board. When they went under they were considerate and did the right thing by telling the board they were closing to give people a chance to connect. It's like any company, the nice thing to do is alert employees that layoffs are on the horizon, not the day of. This model has been known for a long time. I agree, it was a bad way to close the boards however we were not employees of Two Peas, they owed us nothing. |
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Post by SweetieBugs on Aug 6, 2014 14:22:59 GMT
I hope they have a successful sale and are able to survive as a family. I've been in the position of having a family business go under and it is heartbreaking. They did have a poor business model and could have been more transparent about closing the boards but it still must suck to watch your business flounder and wonder what you are going to do for a living in the future. I wish them the best. |
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Post by greenlegume on Aug 6, 2014 14:27:53 GMT
Eh, I don't think things are as bad for them as they've tried to make it appear. The site is still up-I think they've got something else planned with their LLC and domain.
I'm just so over them at this point, and wish they'd completely go away.
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MerryMom
Pearl Clutcher
Posts: 2,562
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Post by MerryMom on Aug 6, 2014 14:27:51 GMT
If they filed for some version of bankruptcy and the assets had to be liquidated, the court appoints a trustee to sell the assets. Everytime I've been to a "going out of business" sale in which bankruptcy is involved, a company is hired to sell the items. Cash, and debit cards only. No checks nor credit cards.
As to the message boards, if they are considered "part of the business", then they cannot give advance notice. This is different from "We're closing or we've sold our store"--in that case, the owner can give advance notice.
2 peas provided a service and products for many years, things change, the economy changes, etc. If they couldn't get credit in order to buy a lot of new product, that is part of the decline of the business. It's a shame, but people shouldn't blame the company owners when they cannot do something that they are not legally permitted to do.
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Post by turangaleela on Aug 6, 2014 14:47:54 GMT
That reminds me, they were able to take credit cards. One woman asked and they said yes and ran her card through something or other (might have been a Square device, I wasn't watching, didn't want to be a total busybody).
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Post by kimpossible on Aug 6, 2014 14:58:25 GMT
Just feeling sad
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Post by annabella on Aug 6, 2014 15:21:22 GMT
No sympathy with the way they closed the boards. Do you remember Lifetime Moments? They were an online scrapbook store with a huge message board. When they went under they were considerate and did the right thing by telling the board they were closing to give people a chance to connect. It's like any company, the nice thing to do is alert employees that layoffs are on the horizon, not the day of. This model has been known for a long time. I agree, it was a bad way to close the boards however we were not employees of Two Peas, they owed us nothing. Then likewise we own them nothing - no sympathy. |
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lcp88
Junior Member
PeaNut Number: 524269 :)
Posts: 99
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Post by lcp88 on Aug 6, 2014 15:44:18 GMT
It is absolutely not my business, but I'd still be curious to know what the email Kristina sent out to the GG's said the morning they announced the closing...if it offered any explanation, or if it was apologetic, or if it was just like a "thanks, but we won't be needing you anymore!" type of thing
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Post by workingclassdog on Aug 6, 2014 15:55:36 GMT
It is absolutely not my business, but I'd still be curious to know what the email Kristina sent out to the GG's said the morning they announced the closing...if it offered any explanation, or if it was apologetic, or if it was just like a "thanks, but we won't be needing you anymore!" type of thing I was wondering the same thing.... I haven't seen anything, but I haven't gone looking either.. but doesn't sound like anyone from GG group has said much about anything (or did I miss it?) |
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Post by papersilly on Aug 6, 2014 17:18:43 GMT
If they couldn't get credit in order to buy a lot of new product, that is part of the decline of the business. It's a shame, but people shouldn't blame the company owners when they cannot do something that they are not legally permitted to do. are you talking about getting credit from suppliers? if so, I'm not saying anyone should be blamed BUT the buck stops with the company owners. they own the company and are in charge of it's business affairs. if their finances were so bad that they could no longer get credit, why would you blame the suppliers for not extending the credit? they are not in the business to lose money. the suppliers are just protecting themselves from buyers who they thought may not or will not pay for the products purchased on credit. maybe there was a prior history of non-payment, partial or very late payment by 2peas that prompted the suppliers to rescind their credit. it is a shame but I think that is the fault of the owners and not the suppliers. people have to be accountable for their actions and how they run their business. I realize the scrapbook industry has suffered declines in recent years, companies are going out of business. others are being bought out by bigger companies just so the brand survives. with so much internet competition, I'm sure 2peas took a hard hit with sales. people complained there was no new product so they didn't shop there. there was no new products because there wasn't money coming in to buy new stuff. they didn't have credit to buy stuff anymore so no new products in the store. no new products, no sales. it became a vicious cycle. |
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Post by papersilly on Aug 6, 2014 21:28:35 GMT
BTW, I just got the new email about another garage sale they are having. now they are taking credit cards. guess not enough people wanting to shop with cash only,
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Post by penny on Aug 6, 2014 21:34:09 GMT
BTW, I just got the new email about another garage sale they are having. now they are taking credit cards. guess not enough people wanting to shop with cash only, I was just going to say that I got a "garage sale round 2!!" email from them also... No opinion or comment, was going to post it just in case anyone who wanted to go to the first one wasn't able to... |
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Post by miss_lizzie on Aug 6, 2014 21:57:33 GMT
I wish I could go. I do love a good digger sale.  |
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MerryMom
Pearl Clutcher
Posts: 2,562
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Post by MerryMom on Aug 7, 2014 15:24:22 GMT
If they couldn't get credit in order to buy a lot of new product, that is part of the decline of the business. It's a shame, but people shouldn't blame the company owners when they cannot do something that they are not legally permitted to do. are you talking about getting credit from suppliers? if so, I'm not saying anyone should be blamed BUT the buck stops with the company owners. they own the company and are in charge of it's business affairs. if their finances were so bad that they could no longer get credit, why would you blame the suppliers for not extending the credit? they are not in the business to lose money. the suppliers are just protecting themselves from buyers who they thought may not or will not pay for the products purchased on credit. maybe there was a prior history of non-payment, partial or very late payment by 2peas that prompted the suppliers to rescind their credit. it is a shame but I think that is the fault of the owners and not the suppliers. people have to be accountable for their actions and how they run their business. I realize the scrapbook industry has suffered declines in recent years, companies are going out of business. others are being bought out by bigger companies just so the brand survives. with so much internet competition, I'm sure 2peas took a hard hit with sales. people complained there was no new product so they didn't shop there. there was no new products because there wasn't money coming in to buy new stuff. they didn't have credit to buy stuff anymore so no new products in the store. no new products, no sales. it became a vicious cycle. Whoa papersilly, simmer down now. Read what I wrote. I wasn't "blaming" anyone. I was merely responding to those who wrote that in the waning months of 2peas store, they had very little new product. The reason for that is usually the suppliers are no longer extending credit. No blame was even remotely hinted at, I typed that is part of the decline of the business. |
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Post by papersilly on Aug 7, 2014 17:42:54 GMT
are you talking about getting credit from suppliers? if so, I'm not saying anyone should be blamed BUT the buck stops with the company owners. they own the company and are in charge of it's business affairs. if their finances were so bad that they could no longer get credit, why would you blame the suppliers for not extending the credit? they are not in the business to lose money. the suppliers are just protecting themselves from buyers who they thought may not or will not pay for the products purchased on credit. maybe there was a prior history of non-payment, partial or very late payment by 2peas that prompted the suppliers to rescind their credit. it is a shame but I think that is the fault of the owners and not the suppliers. people have to be accountable for their actions and how they run their business. I realize the scrapbook industry has suffered declines in recent years, companies are going out of business. others are being bought out by bigger companies just so the brand survives. with so much internet competition, I'm sure 2peas took a hard hit with sales. people complained there was no new product so they didn't shop there. there was no new products because there wasn't money coming in to buy new stuff. they didn't have credit to buy stuff anymore so no new products in the store. no new products, no sales. it became a vicious cycle. Whoa papersilly, simmer down now. Read what I wrote. I wasn't "blaming" anyone. I was merely responding to those who wrote that in the waning months of 2peas store, they had very little new product. The reason for that is usually the suppliers are no longer extending credit. No blame was even remotely hinted at, I typed that is part of the decline of the business. MerryMom---trust me, no one is in a simmer. I read what you wrote and I know that you were not blaming anyone. my point is that if anyone were to be blamed because they couldn't get credit anymore, it should be the owners of 2peas. obviously they did something to affect their credit worthiness with the suppliers (i.e. paid late or didn't pay at all). aside from the contributing factors of lack of sales and decline in the scrapbooking industry, they also had a hand in their demise. |
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