84 Lumber confirmed today it has closed seven more stores: in Macedonia, Ohio; Florence, Ky.; Wyoming, Mich.; Overlea, Md.; Michigan City, Ind.; and Austin and McAllen, Texas. With the closures, 84 no longer is in Michigan and has exited the McAllen and Michigan City markets. Meanwhile, it said it plans to reopen its Milton, Fla., store in August.
"Aside from McAllen these are older stores, [with a] small footprint and in markets that have either matured with minimal housing starts or that can be consolidated into other exiting stores making our overall market presence stronger," Jeff Nobers, 84's vice president for marketing and public relations, told ProSales in an e-mail. "In each case, these stores have lost money for the past few years and upon our internal reviews are either not in markets that would become profitable even with continuing recovery, or in markets where consolidation makes sound business sense."
With the reductions, 84 now counts 281 stores in 35 states. It ranked fifth on this year's ProSales 100, with sales in 2009 of $1.35 billion. It moved up to this year's ProSales 100 earlier this month when the former No. 4, Bradco Supply, was acquired by ABC Supply.
All the stores closed today had been six and 15 associates. Customers in Macedonia, Ohio, will be served by three other existing stores in the region, Nobers wrote, while the Florence, Ky., market will be serviced from an 84 location in Cleves, Ohio. There are five stores that can serve Overlea, Md., customers, while contractors who had shopped at the Austin, Texas, yard will be serviced by 84 operations in Georgetown and Conroe.
The Milton, Fla., yard slated for reopening serves the Pensacola area. It had been closed in April 2008.
84 regularly opens and closes facilities based on market conditions, particularly if the store being shuttered is older and relatively small. In June, it closed facilities in Auburn and Modesto, Calif., and Lake City, Fla.