CHICAGO -- Though it will still have to move from its flagship store on Michigan Avenue, Garrett Popcorn Shops has been granted a bit more time by the building's landlord.
The shop at 670 N. Michigan Ave., where everyone stands in long lines for popcorn treats, must make way for a Ritz-Carlton condo building planned for 664 N. Michigan Ave. The shop had been scheduled to pop its last kernel of corn today, but the building's landlord has granted the shop an extension.
According to Garrett's public relations firm, the shop's landlord has granted them a "temporary extension of their lease" of an unrevealed length of time.
The company has been “in active discussions with a few landlords” elsewhere on Michigan Avenue, Scott Schroeder, executive vice president and chief financial officer of Chicago-based Garrett Popcorn Shops, has said.
The condo development will also force the closing of Hanig’s Footwear at 660 N. Michigan Ave., but it has already opened another shoe store in the John Hancock Center.
Garrett has five stores in Chicago and two in New York. It plans two new stores at O’Hare Airport this summer -- one in Concourse B and another in Terminal 3. It also will expand its New York presence this summer by opening a shop in the MSNBC.com Café at Rockefeller Center.
Garrett’s founding family sold the chain to Chicago businessmen Lance Chody and James Sharpe about three years ago.
The new owners revamped the popcorn shop’s Web site and got a big boost when Oprah Winfrey listed their popcorn as one of her favorite things.
Copyright 2008 STNG Wire, The Chicago Sun-Times. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.
MarketWatch Media Columnist, Jon Friedman joins Sherman and Kris during the WBBM Noon Business Hour to discuss the big business of tiny bikinis for Sports Illustrated.
Sports Illustrated Swimsuit Covers '55-'10
A witness at Drew Peterson's hearsay hearing contends he was asked to kill the former Bolingbrook police sergeant's third wife but he turned the offer down.
WBBM-AM 780 has been the consistent all news radio voice in Chicagoland for over 35 years and is now streaming online for free. Listen online to Chicago news as it happens around the clock, along with Chicago traffic, Chicago weather, Chicago sports and Chicago business. Subscribe to WBBM's free podcasts for additional Chicago business and Chicago community reports and listen to Chicago news on demand. WBBM news radio is also the home for Chicago Bears, Chicago Auto Show and Chicago Air & Water Show. www.wbbm780.com
E-Mail Story
Print Story
