The local Agway store at 600 Main St. will continue its operations virtually unchanged by the national company's filing for Chapter 11 bankruptcy.
Michael Uryniak, owner of the local store for the past 10 years, said the effect of the national company's problems will amount to "basically nothing" for his operation.
"Agway, Inc., has no financial control or responsibilities at this location," said Uryniak, who owns the business outright. "If the public has a perception there's a problem, I'll change the name."
Uryniak said his store buys only a tiny percentage of its inventory from the national company, and that that portion is easily replaced from other sources. "Up until a few years ago, we were buying our product from them," Uryniak said in a telephone interview yesterday.
"Now we buy from other places, and now we buy only grain. And I have grain sales reps in here all the time trying to sell me their product," he said.
"The national company's bankruptcy will have very, very little impact," he said. "The effect will range from non-existent to negligible."
"The latest information I have on their grain is that the Agway feed mills are being bought by someone else who will continue to operate them," he said.
"None of the inventory here comes from Agway except a couple thousand dollars worth of feed, and that's a negligible amount," he said. Some products are now made by different companies that still use the Agway name, he said.
"The store's doing very well," he said. That translates, he said, to "just under $1 million annually," and, he added, "this year in spite of the economy we've had a gain in volume in 11 of the 12 months."
"People think Agway is Agway, and that it's all connected and managed under one roof, but that's incorrect," he said.
Uryniak leases the building, formerly a car dealership, from the McMahon family. Uryniak worked for Agway for 19 years before buying the business, at a time when the national company was selling many of its stores to private individuals. He moved the store from its previous location off Cole Avenue by the former Boston & Maine railroad tracks.
Petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code from Agway, Inc. and certain of its subsidiaries were expected to be filed yesterday, Oct. 1, with the U.S. Bankruptcy Court for the Northern District of New York in Utica, N.Y.
Agway, Inc., announced its plans in a press release Monday from Stephen H. Hoevfer, senior five president for public affairs for the Syracuse, N.Y., offices.
Subsidiaries included in the petition are Agway Feed and Nutrition, Agway Agronomy, Seedway, Feed Commodities International, Country Best Produce, CPG Nutrients, Agway CPG Technologies and Agway General Agency.
The company's energy businesses are not included in the Chapter 11 filing.
Agway, Inc. is an agricultural cooperative owned by 69,000 Northeast farmer-members, headquartered in DeWitt, N.Y.
Monday, the company reported a net loss of $98.2 million for the year ended June 30, which includes a net loss of $85.4 million directly related to the sale of discontinued operations, and not, said a spokesman, directly related to the company's ongoing business operations..
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North Adams Jewelry Store Has New Owner
By Breanna SteeleiBerkshires Staff
Cheryl Coppens put out a call for someone to take over the jewelry business she began last spring — jewelry maker Alexandra Padilla answered the call.
NORTH ADAMS, Mass. — The Artful Jeweler has a new owner who is looking to expand its offerings.
Cheryl Coppens opened the jewelry store in May, showcasing local artists, offering fine jewelry, and jewelry repair.
But a new grandson in Texas, and the difficulties in flying back and forth to see him, had her looking to move closer to him.
Last month, she posted on the business's Facebook that she wanted someone to take over the space and continue the venture. Alexandra Padilla reached out to her and Coppens said she met all her criteria she was looking for in anew owner.
"You have to really want to be in retail. You have to want to be in this community, priced where people can afford it. Alex is native to North Adams. Her husband, she's got two great kids, so it just felt like they would be able to continue the store," Coppens said. "So the criteria really was somebody that would work the store, not somebody that would just come in and hire employees. I didn't want that."
Padilla started taking over the store in the beginning of December. She has been selling jewelry for about three years, and has an online shop, and has worked in wholesale jewelry for about 15 years.
"I always wanted to have my own thing on it, and I wanted to bring something new, and I want to involve my family, my kids do something, and I want to be independent," she said.
Now Padilla showcases her jewelry in the Ashland Street store and plans to keep some of the local artists' items, like stained glass made by Coppens' mother.
Padilla customizes jewelry and tailors pieces to her customers.
She plans to work around her job at Berkshire County Head Start so she can open store for more hours.
She also plans to redesign the store a little bit and bring in a couple more lines, like more rings and pearls.
The store is open on Saturdays and Wednesdays from 10 a.m. to 6 p.m., Thursdays 9 to 2, Fridays 9 to 6, and Sundays 9 to 3. The store has also been open on Mondays 10 to 5 and Tuesdays 10 to 3 for the holidays.
Padilla thanks Coppens for trusting her and hopes customers continue to support the Artful Jeweler.
"Thank you for trusting me. I'm going to try and do my best and work hard to make it happen," she said. "This is our first time selling retail, so we hope the community supports us in here."
Coppens will be helping Padilla until she is comfortable operating the store on her own. She said it will continue to be a space of community support.
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