Scooter Store could close its headquarters by Sunday

The Scooter Store could shut down operations at its New Braunfels headquarters as early as Sunday if it's not able to line up additional financing.

In a letter sent Tuesday night to the Texas Workforce Commission, The Scooter Store CEO Martin “Marty” Landon said the company is trying to get financing to avoid closing its doors.

“The company has obtained sufficient financing to allow it to avoid the immediate closure of the New Braunfels facility until March 31, 2013, and is optimistic that further efforts will allow the New Braunfels facility to remain operational beyond that date,” Landon wrote.

“However, the company has informed (the remaining headquarters) employees that if negotiations over the next two weeks are ultimately unsuccessful, they will be permanently laid off,” he added.

More at http://www.mysanantonio.com/business/article/Scooter-Store-could-close-its-headquarters-by-4382278.php .

Cross-posted in General Discussion forum.