84 Lumber revealed today that it has closed 11 more yards and a component, effective Jan. 11. The decision affects about 125 employees.
Closings include stores in Redmond, Ore., and McFarland, Wis., with 84 Lumber effectively exiting both those markets and states. About six months ago, 84 Lumber also closed a component plant in McFarland.
Other closings include:
Stockertown, Pa., which will be consolidated into a store in Allentown, Pa.
Massillon, Ohio, which will be consolidated into a store in Macedonia, Ohio, serving the Youngstown market.
Georgetown, Del., which will be consolidated into a store in Milford, Del.
Savannah, Ga., which is being consolidated into a Beaufort, S.C. store.
Closings in Lafayette, Ind., and Washington Courthouse, Ohio, mark complete exits from those markets for the dealer.
In the Denver market, 84 closed its Henderson, Colo., store and truss plant, leaving the dealer with just one location in the state, in Grand Junction.
Since Jan. 1, the company has also cut 60 more positions at its corporate headquarters in Eighty Four, Pa. Following the latest layoffs, about 350 employees now work at the location.
The latest round of job cuts is "across the board," Jeff Nobers, vice president of marketing and corporate communications, told ProSales.
"We are still operating in the top 150 markets or better in the country. The bottom line is we not going to close a store if it's making money. These are operations that were not profitable."
84 Lumber maintains a policy that its stores require a minimum of 3,000 housing starts within a 25-mile radius of the location. Last month, 84 Lumber disclosed that as of Dec. 15, the company had closed five more yards and two component plants while cutting 28 positions at its headquarters.
In the past two and a half years, 84 Lumber has closed about 180 locations and 3,200 positions at the company. After the latest round, 84 Lumber operates 319 locations and six component plants in 35 markets. 84 Lumber ranked third on the 2008 ProSales 100 with 2007 total sales of $3.1 billion and 434 stores as of Dec. 31, 2007.