Did you hear?... Mountains & Rivers in Albuquerque shuts doors after 33 years
Mountains & Rivers, owned by siblings David and Amy Diaz, shut its doors in April after 33 years of being in business. The Albuquerque, N.M., retailer was very active in the local community, but David Diaz told New Mexico Business Weekly in a May 12 article that he could no longer compete with REI, Sportsman's Warehouse and increased Internet competition, especially after a winter with no snow that left winter equipment sales dead on arrival. The Diaz's acquired the store in 2003, and realized an immediate spike in revenue, from $290,000 in 2002 under previous ownership to $340,000 in 2003. But by 2005, sales had dropped to $285,000 and were looking worse this year, prompting the decision to shut down and leave Albuquerque without a boutique specialty outdoor retail store. To read the full story, click here.
