Smith & Hawken to close all stores
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Bloomberg News is reporting that Smith & Hawken stores will close by the end of this year:
“The combination of a weak economy and the lack of scale proved too great to overcome,” Jim Hagedorn, chief executive of parent company Scotts Miracle-Gro, said in the statement. “By eliminating the losses from Smith & Hawken, we can invest even further in driving profitable growth.” Storewide sales in the chain of 56 shops in 22 states will begin today, the company said.
-- Craig Nakano