The store, located at 2410 18th St. NW announced its closure on Facebook earlier today.
“After more than ten years, Toro Mata will be closing our 18th Street shop on January 24th, 2016,” the announcement reads.
“We will forever be grateful for the many memorable experiences and treasured friendships that have come our way,” the announcement continues. “We are especially thankful for the consistent support we received from our Adams Morgan neighbors over the years.”
Toro Mata co-owner Jim Nixon said that the rising cost of doing business and Adams Morgan’s changing landscape contributed to the store’s demise.
“More than half of our business, historically, depended on visitors,” Nixon said. “Our sales depended on being a destination, and frankly Adams Morgan is no longer a destination.”
He added that “people from other neighborhoods, tourists, and conventioneers” are no longer visiting the neighborhood like they once did.
“We’ve been fighting a downtrend for several years now,” Nixon said. “The neighborhood is going through some drastic changes right now.”
Nixon, who described the store’s impending closure as a much-needed break from the “grind of retail,” said the store may soon open its doors somewhere else in the city.
“We’re looking at several opportunities,” Nixon said. “We’re going to give this some serious thoughts and due diligence.”
Photo via Toro Mata