Swoozie's going out of business

Atlanta-based gift and stationery chain Swoozie's - which has two Charlotte-area stores, at SouthPark's Morrison and at Blakeney - is going out of business. 

The nine-year-old company sought Chapter 11 bankruptcy protection earlier this month and is liquidating after failing to find a buyer that would keep its 43 stores operating. Instead, Hilco Merchant Resources, a suburban Chicago company that has also helped shut down Circuit City and Blockbuster stores, among others, bought Swoozie's assets for $7.43 million. (They have a retail value of more than $18 million.) At the time of the bankruptcy filing, Swoozie's blamed its financial woes on the recession and the poor performance of 13 stores it had acquired in the Northeast.

If you're interested in sending the chain a sympathy card - or stocking up on other greetings - take heed: Closing sales are now in progress, with all in-stock merchandise on sale at up to 30 percent off, Hilco said in a news release. 

In a letter posted on the company's Web site, Swoozie's founder Kelly Plank Dworkin expressed disappointment at the outcome: "This isn't just a business for me," she wrote. "This is my life, my family and my passion....Although I am so sincerely sorry for any pain or hardship this situation is causing, I will always appreciate and hold dear the people and the experiences that Swoozie's has introduced along the way. I am a woman of faith, I am confident that this has a larger purpose that will one day make sense."