Reamer's Men's Mart in Pikesville will close at the end of the year, ending a family retailing tradition that stretched back to the 1950s and at one point included five stores in Baltimore and its suburbs.
"It was economic conditions -- that was the long and the short of everything," said Herbert Reamer, president of the company. He said Reamer's other stores had all closed by July, when he formed another company to open the Men's Mart store.
The Men's Mart at 1340 Reisterstown Road represented a last-ditch try to save the company with a value-pricing strategy, he said.
"Reamer's Men's Mart was created to adjust to tougher times, and the times were too tough," Mr. Reamer said.
Mr. Reamer said the going-out-of-business sale will last through Christmas, and the store will close by Jan. 1.
The first store was opened by Mr. Reamer's father in Northwest Baltimore, Mr. Reamer said. "It started with a little store in Pimlico," he said. "In 1986, after opening downtown, we had five stores."
Mr. Reamer said the company had not filed for protection from creditors under the federal bankruptcy code.
"You can say we're looking forward to better times," said Mr. Reamer, who said he doesn't yet have firm business plans. "This is part of life, and you must go on."