Smith & Hawken stores, including Galleria location, to close - Minneapolis / St. Paul Business Journal:

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Scotts Twin Cities Smith & Hawken stores last saying it was focusingb more on a larger Jim Hagedorn, CEO of the Marysville, Ohio-based lawn and garden said in a statement that “the combination of a weak economyu and the lack of scale proved too greayt to overcome.” For a year, Scottes had been exploring options for the high-end gardej brand it bought in 2004 for $68.5r million but decided closing the businesw was the “best option available,” Hagedorj said. Smith & Hawken, based in Novato, Calif.
, has a stor in Columbus at Easton Town Scotts (NYSE:SMG) on Wednesday said storewide sales across the chainh will begin Thursday and will be managed by a third-party Orders on Smith & Hawken’s Web site, catalogv and call center will be discontinuedf Thursday. The company in its last annuao report said the chain has consistentlyg underperfomed since it was acquired nearly half adecade ago. Scotts’ “corporate and other” segment, whicj consists of Smith & Hawkemn and administrative expenses, posted a 23 percent decline in salesat $51.2 million for the six month s ended March 29. That segment’sw operating loss for the six-month periodr totaled $75.
4 million, accordingg to filings. Scotts expects to take a $25 millionb after-tax hit on the closure of the mainly tied to terminated leases and severance Most ofthose charges, the company said, will be taken on by the end of the Scotts (NYSE:SMG) in the year ended Sept. 30, lost $10.9 million on $2.98 billion in revenue. The company has aboutg 6,400 full-time workers worldwide.