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Magellan's 2005 Selling
updated: Jul 30, 2012, 11:26 AM

By Edhat Subscriber

I just called the Magellan's store to to see if they had an item in stock & was told that the company had just been sold. Magellan's has seemed like such a long- time local fixture, I was stunned. (Although the owners previously sold the company in 2005 & ended up suing the buyer--I found that info via a search on Edhat.) The person I spoke with couldn't or wouldn't give me any info & I couldn't find any news via Google so I thought I'd ask the Edhat community if anyone has heard anything about this.

Comments in order of when they were received | (reverse order)

COMMENT 302969	2012-07-30 12:08 PM
Interesting that they were posting to their Facebook page up until last week and recently released their summer catalog. Perhaps their private equity owners and partners (Sverica Int'l and Gart Capital) suddenly decided their businesses weren't getting any better in this recession despite the merger in December last year and fired everyone.... you know, like someone who is in the public spotlight a lot these days but I won't mention by name lest I get deleted.
COMMENT 302979	2012-07-30 12:43 PM
I hope the company survives the transition intact! They really do have a great array of products for sale. There have been a number of homegrown businesses that have been sold - some stayed substantially the same, others changed...I am remembering Territory Ahead, Big Dogs, Lazy Acres, SB Bank & Trust etc. I am sure there are tons more.
COMMENT 302990	2012-07-30 01:20 PM
Although their store front might be closing, they still have their warehouse in Carpinteria that houses their online products. They may, like many other companies, be switching to just "Online Only" sales...
COMMENT 302993P	2012-07-30 01:28 PM
Great travel store especially when you want the product now rather than buy online where you can't check it out up close & in person. Please keep us all posted on the status, Magellan watchers.
SBJULES	2012-07-30 01:32 PM
I'm glad to hear they might be aon-line only. I've been buying from them since they were downtown.
COMMENT 303007	2012-07-30 01:57 PM
Good news! Magellan's stores will not close as a result of the merger. In fact, plans are in the works to expand our retail store presence to other cities and states. We will continue to publish our catalog and website. Thanks for all of your kind thoughts and care. Lynn Staneff Marketing Director - Magellan's
COMMENT 303022P	2012-07-30 02:41 PM
Thanks, Lynn. Please keep us all posted here at EdHat.
COMMENT 303023	2012-07-30 02:48 PM
I like firing people too when they are doing a lousy job. Only nanny-staters think you deserve to be paid for incompetence, as long as it is other people'e money. Except other people's money is really yours and mine.
COMMENT 303026	2012-07-30 02:58 PM
Do you mean tax money, 023? Because money collected through taxation is the government's money. =)
COMMENT 303100	2012-07-30 05:50 PM
I hope they stay around for the local job factor only. They are overpriced and their stuff is kinda outdated in terms of the way a lot of people travel now. I do think it serves a purpose for those who are older and like certain things when they travel. But the travel clothes and accessories are pretty frumpy and out of touch.
COMMENT 303104	2012-07-30 05:57 PM
It's been said Ms. Staneff that the local jobs are gone and employees have been asked to move or be given walking papers. Can you comment on this? Reading through the thin veil, it means nothing to SB if Megellian Stores stay open or expand to other cities.
COMMENT 303120P	2012-07-30 06:54 PM
Geez. SB is rapidly becoming even more of a retail desert...
COMMENT 303220	2012-07-31 07:52 AM
I hope the store doesn't close..I loved it when it was downtown, and happy with it at Loretta Plaza, too!
MUSIC MAN	2012-07-31 09:56 AM
We ARE the government!
COMMENT 303482P	2012-07-31 05:53 PM
I heard the Unity Shop is moving into the space
COMMENT 303771P	2012-08-01 04:18 PM
Unity Shoppe is moving into the downtown space. That has been in the works for ages.

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