Quite possibly.
There's a fuller story on The Seattle Times.
From the piece...
Owner Peter Aaron said the store's lease at the Globe Building expires in late January, when a maxed-out line of credit he had been using to run the business also comes due.
The fast-approaching deadlines mean he is facing crucial decisions, said Aaron, who spoke briefly by phone about the store's difficulties in a tough economy.
Sales plummeted after the meltdown on Wall Street last fall, he said, breaking the store's already-tenuous hold on profitability. What's more, sales continued to decline through August, and he began to wonder if the store would go out of business.
Although sales last month were "a little bit improved," he said, he still has the store's long-term viability to consider. "I need to find a way to operate at a lower expense level or increase our sales," he said.
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