Why did the Brown Elephant close?

Instagram, "I did not want it to be true - but it’s official😭😢 … The @brownelephant is closing its Oak Park location" Oct 8, 2025
Instagram, "An era is passing us. . .The Brown Elephant in Oak Park is shutting its doors on Halloween of 2025" June 2, 2025
"Howard Brown Health laying off 43 employees amid 3rd year with budget shortfall", Windy City Times, July 1, 2024
Reddit discussion about a putative "retail apocalypse" happening in Oak Park, Oct 7, 2025