Active Endeavors, the Chicago-based contemporary online retailer, shut down Monday night.
Over the past few weeks, the company's last remaining store, its online site, had been having an "end of season" sale and did not appear to be replenishing inventory. As of Friday, the site appeared to have perhaps 250 items for sale. By Monday afternoon, the number of items for sale had dropped to nine.
The site now says "After many years of loyal service, we regret to announce that we are saying goodbye. Thank you for your support and patronage over the years. All recent orders are being processed and shipped. All pending returns will be returned back to the customer."
Active Endeavors started as an outdoor retailer in 1985 in Evanston, Ill. The online store launched in 2003.
In 2006, the retailer had four brick-and-mortar stores in the Midwest and West as well as the online store. Chief executive officer Drew Davis said it had revenues of about $15 million.
In January last year, Davis said the company planned to close its three remaining brick-and-mortar stores and become an online-only retailer. In February, the company involuntarily entered Chapter 7. Its 20 largest creditors include Ford Models, Hayden-Hartnet, Loeffler Randall, Neal Sperling, Paige Premium, Spiewak, Twelfth Street by Cynthia Vincent, Ya-Ya Brand and Zooey, according to court documents. The company owes Lake Forest Bank $1.7 million for a loan, $70,000 to UPS, and $450,000 to Patagonia for a combination of merchandise and investment, among others.
Calls to the company go to voice mail, and calls were not returned.
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