Naperville’s The Tie Bar, an Internet-based retailer that has achieved national notoriety for marketing tie lines for celebrities including the Miami Heat’s Dwyane Wade and “Modern Family” actor Jesse Tyler Ferguson, is closing its doors Aug. 18.
The Naperville office, located at 123 Ambassador Drive, employed about 35 full- and part-time employees who will all be losing their positions.
A current employee who asked that his name be withheld contacted The Sun Monday morning and said that a “town hall meeting was called at 3 p.m. last Friday” and that the decision was made “to outsource the warehouse business” operated at Ambassador Drive to Kentucky.
CEO of The Tie Bar Michael Alter spoke with The Sun Monday afternoon from Wisconsin while on business and said the decision “was not an easy one for us, and we are doing our best to support and help those transitioning.”
“The company growth we have enjoyed made this move inevitable in order to continue delivering our customers the service levels we strive for on their behalf,” Alter said. “Our growth has been strong and is accelerating, which is what is driving this move, to offer more support to our customers.”
Alter said that while the company headquarters did relocate to Chicago, there was never any declaration as to what would happen in Naperville. Those losing their jobs here locally are being offered a severance and are being provided with resources to find other work, he said.
The Austin, Texas-based company Newgistics will take over warehouse services for The Tie Bar and operate out of Kentucky. In terms of company growth, Alter said sales of $12 million were reached two years ago, followed by $16 million last year.
“At this point, we’re looking at north of a 40 percent increase for this year,” he said.Tags: business, Tie Bar