Word: corcorans
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...more than a century, Corcoran's has provided Harvard Square shoppers with home furnishings and clothing, but as the store cedes its space to Urban Outfitters this month, it will become a haven for plastic dinosaur shoppers and funky clothing consumers...
Owner Paul R. Corcoran '54, whose grandfather opened the original store in Central Square and relocated it to 14 Brattle Street in 1949, said Corcoran's is closing for "purely economic reasons." He said the lease expired and that the landlord wanted more rent than the store could afford...
...have no quarrel with my landlord at all, and he'll be getting fair market value," said Corcoran...
According to Corcoran, rent in Harvard Square has doubled over the past five years and general merchandise shops like his have more trouble than specialty shops selling the volume necessary to afford such rents...
...Corcoran, who also owns The Harvard Shop, which specializes in Harvard insignia, said Corcoran's employees will be offered jobs at The Harvard Shop...