I dropped in last week and talked to Lindsay, the owner of Collected Thread, and she confirmed two things: it was partly the increased rent making it hard to make the profit margins work (Urbanized's point) and the increase use of Amazon has decreased foot traffic. The owner of the building is Tarena Self (it's public record), the same lady who owns the Jesus Saves Building. Rent has been increasing each year in the past ten years and they tried to work something out with her, but she wouldn't budge. That's the short and skinny of it.