1604 14th Street, NW just north of Q Street
When I walked by last night, it looked to me like Bank and Olufsen is closing on 14th street. The windows were partially papered over and the space was in disarray from what I could see.”
Sad news for audiophiles. I spoke to the owner who confirmed the closure. Apparently it’s related to this reuters report:
“Danish television and sound system maker Bang & Olufsen would consider any bid approach from a larger rival as it seeks a response to problems that caused a profit warning last month, its chairman said.”
Basically any US independent stores that carried a balance had to pay up immediately or have their dealer license revoked. That is what happened here. For current clients the owner notes:
“we have been in touch with all of our clients who we have open projects with us and they are being completed currently or are being handled by the Tysons Corner store, which is a corporate store. I don’t want to give the appearance that we are disappearing and abandoning our clients. We are all dedicated to see this to a dignified end. In fact, not one employee has jumped ship. We are still dedicated as we put this to bed.”
Audiophile or not, this is very sad news for the retail diversity of Logan. And sadder still is the fact that the people that worked here sound like really nice folks. Wishing them a quick recovery during these tough times. Bang & Olufsen opened up in Logan back in 2008.