The End of an Era: Lourie's to close in June
Contributed by Kevin Fisher

After 96 years, an eternity of memories and a mountain of goodwill, Lourie's will close its doors on June 30, 2008.

A.M. (Mick) Lourie, chairman, and Frank M. Lourie, CEO, said the economics of both fine menswear and downtown retailing meant the landmark store was no longer viable.

"In a down economy, the purchase of suits, shirts, and ties becomes less of a priority," said CEO Frank Lourie. "For a big store like ours which carries a large inventory, that broad- based drop in demand undercuts our business model."

Frank Lourie continued, "We stuck it out on Main Street long after the other major retailers left hoping for a retail renaissance that hasn't yet occurred. While we enjoyed the heyday of Main Street, we also suffered from its decline."

Added Chairman Mick Lourie, "We had hoped to sell our building and downsize to a smaller operation with more focused inventory and lower overhead. Those plans have not materialized, leaving us with no choice at this time but to close the doors."

Lourie's will soon announce plans for a final sale to liquidate its existing inventory. "We feel sad but proud," said Mick Lourie. "Don't mourn for us, but instead come in, and let us serve you one last time as we celebrate our history."

That history was summarized in an ad that marked Lourie's 95th anniversary in 2007, which read as follows:

The year was 1912, early in what was to become the American century. In St. George, South Carolina, a 22- year- old Russian immigrant named Louis Lourie staked his claim to the American dream by opening a small store.

He would be joined in 1921 by his bride and partner, Ann, and the couple would build a flourishing business. After World War II, their sons Mick and Sol brought the business to Columbia, where it has been a landmark on Main Street for over half a century.

Today, 95 years after it began and under the guidance of a third generation of family members, the legacy of Louis Lourie endures in the fine men's clothing store that bears his name.

Voted Best Men's Store by readers of The State every year since the Best of Columbia survey began in 1991, Lourie's has stayed on top by offering its customers a wide selection of top quality merchandise, outstanding values, and the best in personal service.

"We will go out with that same philosophy and commitment," said Frank Lourie.

"Our final sale will feature top merchandise at tremendous prices with our superb team of associates ready to provide the very best in service. We are proud of our store, proud of our history, and proud of our people."