The budget art supply store Pearl Paint is closing some of its locations—however its Canal Street shop will remain open. The Times reports that the discount art shop is shuttering storefronts nationwide, including its custom-framing shop on Lispenard Street, sparking "rumors that even the Canal Street store itself is in danger." However an employee at the Canal Street location told Gothamist "the frame shop is closing, but the main building is remaining open." Business experts told the paper that downsizing is "probably a wise move at this stage even though it's painful" because the art supply store operates "in an industry that's not really moving at the moment."