Thanks Skeat and mamatobugboo. I have heard of other small businesses closing, not quilt shops locally though. She mentioned that her lease was coming up and she didn't want to renew and be locked in for another 3 years. But when I asked about selling online, she didn't seem interested in that either.
There is a huge clearance of a jewler in town and my DH said that there were signs out that looked like employees picketting but were 40% off going out of business sale signs.