New York Times

PRESS

New York Times

In Downturn, Knit Your Own Scarf
by Glenn Collins

A time of looming recesseion might seem a bizarre moment to open a high-end Manhattan store that sells a low-tech product: yarn. But the Lion Brand Yarn Company is betting otherwise, opening the first retail store in its 130-year-old history as a wholesaler on Tuesday.

…Mr. Blumenthal said that despite the economic downturn, sales have been rising at a pace to achieve a double-digit increase by the end of the year.

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