Friday, April 1, 2011

Extraordinary Ingredients to close retail front

Posted By on Fri, Apr 1, 2011 at 2:19 PM

This is not an April Fool's prank, because no business would joke about its own closure:

Extraordinary Ingredients purveyors David Nigh and Kerri Olivier announced today that they'll be closing their 612 N. Tejon St. retail front on April 30.

Now 30 percent off.

The store first opened in November, 2009.

You might recall that Nigh and his unique business were the subject of and Indy feature back in December.

Nigh's wholesale arm and the new Springs wholesale branch (Extraordinary Ingredients Co-Op) which is headed by chef Francis Schott, are both still doing well according to Olivier, but the retail front simple wasn't making financial sense.

David Nigh and Francis Schott loading into the retail front in late fall, 2010.
  • Matthew Schniper
  • David Nigh and Francis Schott loading into the retail front in late fall, 2010.

"We were spending more than we were making," she says, acknowledging that many businesses take up to a couple years or more to become profitable. "I think if the economy were different right now, we’d probably modify our model and business plan and do things differently and keep the physical space ... but there was not enough upside in the near future to make it make sense to keep physical store open."

The bright lining to this crummy news for shoppers is that between now and the month's end, Extraordinary Ingredients hopes to unload all of its inventory, including fixtures, artwork and furnishings. Currently, everything has been marked down to 30 percent off — so now's a great time to stock up on things like olive oil, dry beans and of course, spices.

In a media release, the company did say to "keep an open ear as we hope to offer our gourmet ingredients to you for retail sale from a different venue once again in the near future."

Olivier elaborated a bit by phone, noting that all plans are tentative at this point, but she envisions perhaps selling retail at local farmers markets and possibly in select locations such as other retail businesses or even restaurants who use Nigh's products.

"We aren't going away," she says, "we're just regrouping on the retail side."

Call 930-4085 with further questions.

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