Bowhe & Peare closes, files for bankruptcy

By: Marjorie Censer
   Bowhe & Peare, the housewares and gift store on Hulfish Street in Palmer Square, has filed for bankruptcy and is now closed. The remaining merchandise will be handled by the estate’s trustees.
   David Newton, vice president of Palmer Square Management, said the store "never really got going" in its new 2,200-square-foot location on Hulfish Street. The shop moved to that location in 2002 from another Palmer Square space that was roughly half that size.
   Mr. Newton said it was bad timing — as the store took on the extra space, parking became more difficult because of the construction of the Princeton Public Library.
   The closing of the store, which has been on Palmer Square for 14 years, was not surprising, but was upsetting to Palmer Square Management.
   "To us, it was a sad day," Mr. Newton said.
   The store was owned by Torben Huge-Jensen. He could not be reached for comment.
   Mr. Newton said the space will likely have a new tenant in the near future, though he would not release a name. There are always potential tenants on the sidelines, waiting to get in, Mr. Newton said. The new store could open within one to four months, but it could take longer.
   "It’s sad when you lose a store, particularly an independent tenant," he said. "But there’s always more people wanting to get into this town than get out of this town."