The Hackett's store in Watertown will close in June, its parent company announced Tuesday.
The store on Watertown's east side will close after an eight-week liquidation sale, which will start April 8, according to a press release from Seaway Valley Capital Corporation.
The company is also closing its Pulaski store immediately.
The company says its decision was motivated primarily by Hackett's need to accelerate the repayment of its senior line of credit. However, the decision was also influenced by the weaker economy and the desire to focus on more strategic locations.
"While we never like closing stores, the reality of today's market is that a company must be highly focused on answering the simple questions of what good or services a particular market is in need of, can your company deliver those goods or services, and is the venue offered to bhe company appropriate to execute that," said Hackett's CEO Thomas Scozzafava.
"When we answered these three basic questions it wasn't clear these locations made sense for the company," he said.
He said closing the Watertown and Pulaski stores will allow the company to allocate more time and capital to Hackett's remaining locations.
