WICHITA — About a year and a half ago, Bed Post owner Hugh Gullic finally paid off his small business loan and thought things would be looking up.
“That’s about the same time the economy started taking a turn,” he says. “I was counting on that extra money . . . from paying the loan to pay me.”
Since that hasn’t happened, he’s closing the 9-year-old store, which is at 6803 W. Taft behind Best Buy.
Part of the problem is so much new competition has opened in the past decade. Mostly, though, it’s the economy.
“I just don’t know where it’s going, and I don’t want to renew a lease when I don’t see an end in sight.”
Gullic’s lease is up at the end of July. He plans to close the store in mid July.
“My hopes would be that we would reopen down the road, maybe when (the economy) got better again.”