The 2020 Mid-Year Economic Update_long

84 Lumber to Shutter 12 Stores

According to various news reports, 84 Lumber is closing 12 stores in nine states. A spokesman says that all but two of the closing are due to consolidation in markets in the U.S., according to one report.
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84 Lumber is leaving Redding, CA, and Manchester, TN, due to a steep drop in housing starts in those markets. The spokesman told a Pittsburgh, PA, paper that outside of these two markets, other closings would have been done regardless of the downturn in the housing market.
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84 Lumber announced last week it was cutting up to 45 positions at its corporate headquarters. 84 Lumber operates 415 stores and 20 component ...

According to various news reports, 84 Lumber is closing 12 stores in nine states. A spokesman says that all but two of the closing are due to consolidation in markets in the U.S., according to one report.
&nbsp ;
84 Lumber is leaving Redding, CA, and Manchester, TN, due to a steep drop in housing starts in those markets. The spokesman told a Pittsburgh, PA, paper that outside of these two markets, other closings would have been done regardless of the downturn in the housing market.
&nbsp ;
84 Lumber announced last week it was cutting up to 45 positions at its corporate headquarters. 84 Lumber operates 415 stores and 20 component plants.

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