84 Lumber Shuts Down 30 Stores

84 Lumber Co. said yesterday that it is closing another 30 stores across the country, citing the slumping housing market.

Frank Cicero, the privately held company’s executive vice president of store operations, said in an Associated Press report that the move will help 84 Lumber weather the housing market decline.

The store closings will affect about 230 employees, according to spokesman Jeff Nobers.

“These moves allow us to deploy our assets into core markets that are presently maintaining a reasonable level of housing activity and we view as solid growth areas when the building market recovers,” Cicero said.

This announcement comes on the heels of 84 Lumber’s consolidation of nine stores in six markets.

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