Cottura Closes Down

A run of nearly 20 years is coming to an end as Los Angeles-based Cottura, a cataloger/retailer of Italian ceramics, shuts operations. The company began closing its stores in August; at press time it expected to have shut its direct division by the end of October.

“Stroll through one of our shopping centers and you can see the state of retail,” read a note on the Website from co-owners Jim Zimmerman, Michael Ruvo, and Christopher Smith. “As Cottura grew so did the challenges of operating a retail company. World events caused major economic changes, driving up our costs with no end in sight.”

Not only were the costs of doing business increasing, but “prices for merchandise are now inflated as our poor economy has contributed to a 25% decline in the value of the dollar against the Euro,” according to the Website. As a result, Cottura had to keep increasing the prices of its imported goods, making them too expensive for many customers.

In its federal bankruptcy report, filed on June 11, Cottura listed assets of $1,670,275.00 and liabilities of $2,527,122.29.

Cottura was founded in 1985 as an importer/retailer specializing in Italian maiolica, a type of hand-painted pottery. The company, which launched its catalog in 1990, operated three stores in California and a shop in Caesar’s Palace in Las Vegas. As for what Zimmerman, Ruvo, and Smith will do next, the Website stated, “After 20 years of retail, they are looking forward to a peaceful holiday experience at home with family.”

Partner Content

Hincapie Sportswear Finds Omnichannel Success in the Cloud - Netsuite
For more and more companies, a cloud-based unified data solution is the way to make this happen. Custom cycling apparel maker Hincapie Sportswear has leveraged this capability to gain greater visibility into revenue streams, turning opportunities into sales more quickly while gaining overall operating efficiency. Download this ecommerce special report from Multichannel Merchant to more.
The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.