The Met Closes Retail Outlets, Acknowledges Possible Layoffs

Elsewhere in the world of troubled museum finances, the Metropolitan Museum of Art‘s chairman, James R. Houghton, has announced that the institution will be closing seven more of their retail outlets across the country, adding to the number they closed several months ago. Citing the now very familiar financial crunch all museums are in, the Met has decided that it needs to make additional cuts, thus leaving just a handful remaining open in the US.