84 Lumber closes 10 stores
84 Lumber, the industry’s largest privately held chain of lumber-yards, closed 10 stores in 10 states on March 15 due to declining housing starts.
Two of those units—in Post Falls, Idaho, and Wrightstown, Wis.—will mark the pro dealer’s departure from those states.
The other stores closed are located in Lancaster, Pa.; Rocky Mount, Va.; Cliffwood, N.J.; Haines City, Fla.; Concord, N.C.; Spartanburg, S.C.; Minooka, Ill.; and Moss Point, Miss.
With the exception of Post Falls and Wrightstown, each of the closed locations can be served by other 84 Lumber stores in the area, said Jeff Nobers, VP marketing and public relations.
Meanwhile, in Lafayette, Ind., a six-acre 84 Lumber property put up for auction failed to sell for $700,000. It was originally put up for $900,000. The company will continue to try to sell the site, which used to have a lumberyard until it closed last year.
The Eighty Four, Pa.-based pro dealer now operates 289 stores in 34 states, with 2009 revenues of $1.35 billion. In 2008, the company posted sales of $2.1 billion with 335 locations.