Charles Craft Exits Kitchen
January 3, 2005,
Laurinburg, N.C. — Two-generation, family-owned textiles company Charles Craft Inc. has announced that it is exiting the kitchen textiles business — a category it domestically manufactured and for which it was a longtime top five player.
Last year, Charles Craft was positioned as the number five largest supplier of kitchen textiles in the U.S., reporting $18 million in sales.
The company is currently in the final stages of negotiations to sell its kitchen textiles business to one of its major competitors, Clifton Buie, president, told HTT.
“Retailers are running away from U.S. manufacturers,” Buie said. “We were very competitive in the business — we have a very modern operation. But the big box retailers are smothering domestic manufacturers like us.”
Buie, whose father, Charles Buie, founded the company and acts as CEO, said Charles Craft will now focus on its other two divisions, both of which enjoy continued success: its flame- and cut-resistant yarn and thread operation; and its craft division of cross-stitch, needle-craft fabrics and accessories and pre-finished products.
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