GRAND RAPIDS -- A rough-and-tumble retail economy topped by a tight credit climate combined to claim another victim -- Classic Stereo and Video.
The locally owned chain succumbed today to tough competition from big box and online retailers. Its final blow came when Huntington Bank called in a loan that was several months overdue.
"This has taken twists and turns," said President John Higgs, who bought the company in April 2006. He joined Classic Stereo in 1985.
On Wednesday, he met with his employees to tell them the bad news.
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