Another longtime favorite bites the dust with the closing of Rags in Rye in mid-March.

The clothing store, known for selling original pieces that you don’t always find in department stores, has been at its 61 Purchase Street location for 37 years.

The Rye store was the flagship of a small chain of shops that included a Rags in Larchmont.

Rags will keep its seasonal stores in Edgartown and Block Island open, a store employee says. But the Rye closing is part of the owners’ slow transition into semi-retirement, which started years ago with closings of shops in Larchmont and the Hamptons.

No word on who will move into the prime storefront space.

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