Derby Antiques & More closes; owner struggling to pay vendors
02/06/2014 5:00 AM
06/25/2014 5:53 PM
WICHITA — Derby Antiques & More went out of business Jan. 31, but owner Sandra Ostrander is still dealing with the fallout from the less-than-1-year-old business.
Ostrander, who lives in Atlanta but has Derby relatives, on Wednesday paid the antique mall's approximately 200 vendors their January sales but wasn't able to pay everyone in full.
"There are a lot of rumors going around that I'm a scam artist, and I'm not," Ostrander says.
She says she voluntarily signed promissory notes and had them notarized for the vendors she could not pay. Ostrander says she also gave them her contact information.
"I want them to understand I am obligating myself."
Ostrander says there were problems from the start, including serious maintenance issues at her leased space at Madison and Rock Road.
"The business has been running at a loss and going downhill for months," she says. "It's my fault because I haven't been an active participant in the business."
She says managers have handled the business for her.
"I guess I should not have allowed that."
General manager Scott Divelbiss says that is true.
"Yes, she did have some managers here who made some really bad decisions on her behalf," he says.
About Carrie Rengers
Carrie Rengers joined The Eagle's Business team in 2002 despite her inability to even balance a checkbook. Fortunately for her, and readers, her Have You Heard? blog is about business scoops and contains lots of news but almost no math.
A Michigan native, Carrie’s father was quite tragically transferred to Little Rock, Ark., in the middle of her sophomore year of high school. To make matters worse, her parents put her in a girls school. She recovered, though, and went on to enjoy being an English major at Hendrix College (the Harvard of the Ozarks, don’t you know). She worked for the weekly Arkansas Business and the statewide daily Arkansas Democrat-Gazette before moving to Wichita to be with her favorite writer and cook, husband Joe Stumpe.
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