Originally published July 9, 2009 at 12:00 PM | Page modified July 9, 2009 at 12:25 PM
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Local Smith & Hawken garden stores to close
Smith & Hawken garden stores at University Village in Seattle and on Northup Way in Bellevue will close by the end of this year. Parent company Scotts Miracle-Gro...
Seattle Times business reporter
Smith & Hawken garden stores at University Village in Seattle and on Northup Way in Bellevue will close by the end of this year.
Parent company Scotts Miracle-Gro, of Marysville, Ohio, said it will shutter all 56 Smith & Hawken stores in 22 states after efforts to sell the struggling chain stalled. Going-out-of business sales began today.
"The combination of a weak economy and the lack of scale proved too great to overcome," Scotts Chief Executive Jim Hagedorn said in a statement. "By eliminating the losses from Smith & Hawken, we can invest even further in driving profitable growth."
Scotts said it will have after-tax charges of $25 million stemming from lease terminations and severance payments.
Amy Martinez: 206-464-2923 or amartinez@seattletimes.com
Copyright © 2009 The Seattle Times Company
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