Harry & David, Northwest Overpriced-Fruit-Basket Delivery Company, Declares Bankruptcy

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Who would have thought that sending people pears and oranges for $3 apiece would become unpopular in a recession?

Well, it did. And the Seattleite-founded,

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Harry & David, Northwest Overpriced-Fruit-Basket Delivery Company, Declares Bankruptcy

  • Harry & David, Northwest Overpriced-Fruit-Basket Delivery Company, Declares Bankruptcy

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    harry and david02.jpg
    Who would have thought that sending people pears and oranges for $3 apiece would become unpopular in a recession?

    Well, it did. And the Seattleite-founded, Oregon-based boutique fruit and snack retailer Harry & David has declared bankruptcy.

    The Wall Street Journal reports this morning on the Chapter 11 filing.

    Burdened by nearly $200 million in short- and long-term obligations, Harry & David has been battered in the recession, with customers cutting back on luxury items like gift baskets of fruits and snacks. The retailer, which recently breached terms on a revolving credit line and skipped an interest payment due bondholders, had been working with creditors on a plan to restructure, and The Wall Street Journal had reported over the weekend that a bankruptcy filing was imminent.

    Harry & David fruit is good, don't get me wrong. But $30 for this?

    harry and david01.jpg

    Gimme a break.

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