Brookfield, Wis. - Flanner's Home Entertainment has temporarily suspended operations.
The family-held, one-store specialty A/V dealer said it is renegotiating its "business and financial relationships" following recent challenges stemming from the economic downturn.
In a statement posted on the company's
, principal John Flanner said, "This process has taken longer than expected, and we are no longer able to provide the experience or level of service we strive to provide. Therefore, we are temporarily pausing operations."
Flanner, a past president of the Professional Audio Video Retailers Association (PARA), told the
last week that vendors have curtailed shipments amid a cash-flow crunch, and that its bank is demanding repayment of debt.
The dilemma underscores the challenges facing independent dealers in general and A/V specialists in particular, as mass merchants encroach on core brands and product lines that were once off-limits to discounters.
In the Web statement, Flanner said the company appreciates "all of the support we've received as a local, family-owned independent business, and we intend to continue serving this community for years to come."