Sur La Table closed so many of its stores during the Pandemic, making people wonder: Is Sur La Table going out of business?
The pandemic drove so many businesses that were doing just fine into debt and bankruptcy, and Sur La Table was no exception.
But what really happened to this kitchen giant after the bankruptcy filing? Does it plan on closing down soon? Keep on reading to find out!
About Sur La Table
Sur La Table is a leading Kitchen and Culinary retailer that was founded in 1972 by Shirley Collins.
The first ever Sur La Table store was opened in Pike Place Market in Seattle, and it was the first West Coast retailer at that time to carry a state-of-the-art food processor.
In 1995, Sur La Table finally opened its second store in Berkeley, California, and in 1999, it started selling products online. Ever since then, Sur La Table has expanded to multiple locations and has served millions of customers.
But things went downhill for the company in 2020; keep on reading to find out more about this.
Sur La Table’s Bankruptcy Filing 2020
The Pandemic deeply affected the sales of Sur La Table. As a result, the company had to suspend its store sales and cooking classes and filed for Chapter 11 bankruptcy.
Sur La Table was seeing a decline in sales even before the Pandemic as the foot traffic fell.
During the time of bankruptcy, the company had $230 million in in-store revenue and $80 million in annual e-commerce revenue. However, its online revenue was not enough to cover the massive monthly rent of $4 million when the stores were temporarily closed.
All this left Sur La Table with no choice but to file for bankruptcy in 2020, with plans to close 50 of its 121 stores.
List Of Sur La Table Closed Stores 2020
Here’s a list of stores that Sur La Table closed in 2020:
- Burlingame: 1208 Donnelly Ave.
- Los Angeles: Farmers Market, 6333 W. Third St.
- Dublin: Persimmon Place, 5186 Dublin Blvd.
- Woodland Hills: Village at Topanga, 6316 Topanga Canyon Blvd.
- Santa Monica: 301 Wilshire Blvd.
- San Francisco: Ferry Building Marketplace
- Aventura: 19501 Biscayne Blvd.
- West Palm Beach: Rosemary Square, 700 S. Rosemary Ave.
- Sarasota: Pineapple Square, 22 N. Lemon Ave.
- Grand Rapids: Breton South Village, 2500 Burton Street SE.
- Omaha: One Pacific Place, 10353 Pacific St.
- Huntersville: Northcross Commons, 9129 Sam Furr Road
- Durham: The Streets at Southpoint, 8030 Renaissance Parkway
- Germantown/Memphis: Saddle Creek, 7509 Poplar Ave.
- Fort Worth: Waterside, 3700 Vision Drive.
- Alexandria: 326 King St.
Sur La Table Plans To Open Four New Stores
After extensive closing and filing for bankruptcy Chapter 11 in 2020, Sur La Table announced at the start of 2023 that it would open four new stores throughout the year.
As a result, Sur La has opened new stores in Natick Mall in Massachusetts, Darien, Connecticut, at Darien Commons, and Stuyvesant Plaza in Albany, New York.
The company also shared its plans to expand its digital presence. In fact, in 2022, the company launched a new content center, Lid & Ladle by Sur La Table, that offers guided recipes, tips and tricks, videos, etc., to customers.
“We are thrilled to continue to grow our retail business and to give our customers local storefronts to spark their innovation in the kitchen,” Jordan Voloshin, the CEO of Sur La Table, said.
“By expanding our retail footprint strategically, we’ve targeted specific markets providing new and familiar communities with a retail destination that offers the 50 years of cooking expertise that the brand is known for. We are enthusiastic about returning to locations where Sur La Table has previously operated in, as well as entering new markets and reaching new customers across the country. Through our vast product offerings and in-store experiences we aim to provide our customers with a place where everyone who loves cooking and entertaining can feel right at home.”
Is Sur La Table Going Out Of Business?
Like many other affected companies, the COVID-19 pandemic forced Sur La Table to file for bankruptcy. However, the company was saved from liquidation thanks to the last-minute acquisition.
So, Sur La Table is not going out of business. In fact, the company is working on expanding its online reach and is even opening new stores this year.
The last few years were really tumultuous for Sur La Table, as the company shut down so many stores and nearly escaped liquidation.
Thankfully, ever since the aquisition, the situation of the company has been stable.
Also, the company plans to open new stores and is taking measures to improve its online presence. Only time will tell how well Sur La Table performs and gets into a healthy position once again.
How Many Sur La Table Stores Are There In 2023?
Including the new stores that Sur La Table opened in 2023, there are a total of 58 Sur La Table stores in 22 states in the U.S.
Who owns Sur La Table now?
Marquee Brands and CSC Generation owns Sur La Table now. They acquired the company for $88.9 million.
What is the future of Sur La Table?
The giant Kitchen and Culinary retailer plans to grow its national footprint by opening new stores. If their strategy works fine, then they will be running stable in the near future.