09 July 2009

Smith & Hawken chain is closing

Scotts Miracle-Gro Co. announced July 8, 2009 it will close all  its Smith and  Hawken retail stores by the end of the year.from a press release:
MARYSVILLE, Ohio, July 8 /PRNewswire-FirstCall/ -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden products, announced today it will cease operating its Smith & Hawken business by the end of the calendar year and has hired a third-party firm to manage the closure process.
"We would have preferred to sell the Smith & Hawken business in order to protect jobs and keep the retail franchise intact. However, after discussions with several potential investors over the past 12 months, it became obvious that shutting down the business was the best option available," said Jim Hagedorn, chairman and chief executive officer of ScottsMiracle-Gro.
"It is with regret for the associates of Smith & Hawken and our many loyal customers that we have reached this conclusion. I want to acknowledge our associates who have been intensely loyal and worked tirelessly to make Smith & Hawken a viable enterprise. Unfortunately, the combination of a weak economy and the lack of scale proved too great to overcome.

Read the entire release from the Scotts Miracle-Gro Co

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