Be careful about storing fabric next to wood. Wood contains acid that gradually destroys fabric fibers. Without knowing what kind of finish is on the wood, I would consider encasing all the inside shelves in muslin or (easier solution) painting all the wood surfaces with a clear polyurethane. The polyurethane would prevent acid from seeping from the wood. You may also want to cover the insides of the glass with fabric to prevent light from getting to your fabric. Light fades fabric.
Edit: I had a wooden featherweight case that smelled moldy. I placed a couple of Dr. Scholl's odoreaters inserts for shoes in it (the kind with charcoal) and that took away the smell. Charcoal is the best "odor eater". You could buy a small bag (Amazon carries it) and place it in bowls inside the cabinetry, then close it and leave for a couple of weeks. Just be careful not to spill the charcoal!
Last edited by Prism99; 03-28-2013 at 07:11 PM.