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Deerfield officials surprised by WONDER! closure
As Deerfield officials and members of the business community express surprise at WONDER!’s sudden closing Feb. 21, another store is opening its doors to the retail business’ customers.
“Due to balance sheet considerations that impacted dwindling product availability, technology systems and planned improvements, the company was no longer in a financial position to sustain operations,” stated a notice written on behalf of Shane Christensen of Lake Forest, who founded WONDER!
Deerfield Village Manager Kent Street said the village had entered into an economic incentive agreement with Wonder that was to kick in after its first $20 million of annual sales. If the business didn’t reach that amount, there was no incentive.
“Our agreement with them was to provide up to $1 million of support in sales tax sharing after the $20 million of sales if it happened within five years,” Street said. “Clearly with them closing, that does not come into play.”
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RT @: Beach Tennis World Cup in Deerfield Beach this weekend: Players receive IFBT-USA Discount: Call: 800-426-0084
@ Hotel For: World Cup Deerfield Beach this weekend: Players receive IFBT-USA Discount: Call direct: 800-426-0084
Last chance and get 20% off with the code momsday20! It's a great 1/2 day trip in Deerfield MA for the whole fam!
students you can get a student #discount over the at Sachs Recreation Center.