Former Chase-Pitkin building to house True Value store
A former Chase-Pitkin Home and Garden store in Penfield, N.Y., will have a new tenant this spring, according to the Democrat and Chronicle newspaper. A True Value store—called Beyond Hardware True Value—will occupy a portion of the building beginning in March.
In October 2005, it was announced that Chase-Pitkin, a chain of 14 garden centers in the Rochester area, was closing its stores. Wegmans, the Rochester-based food store chain and parent company of Chase-Pitkin, cited big box competition as the reason for the closings.
Beyond Hardware True Value will occupy 21,000 square feet of the 47,000-square-foot building, including 3,000 square feet of outdoor space. Owners Matt Shapiro and Jim Marsh believe the area has a void when it comes to smaller home improvement stores. Shapiro said if the store is successful, they plan to open five to seven more stores in the Monroe County area in as many years.
Ferguson opens new Tennessee showroom
Ferguson, one of the leading plumbing and HVAC distributors in North America, has announced the opening of a new branch in Jackson, Tenn. The 4,500-square-foot showroom will sell plumbing fixtures, lighting and appliances.
Ferguson’s parent company, U.K.-based Wolseley, recently announced that it reduced Ferguson’s headcount by 1,110 workers and closed 50 branches during the past quarter, which ended on Oct. 31, 2008. These actions were taken in preparation for expected declines in commercial and industrial construction in the early 2009, the company said.
Ply Gem to shutter plants
Ply Gem Industries, a manufacturer of exterior building materials, has announced its intention to close two window and door manufacturing plants. They are located in Hammonton, N.J. and Phoenix. Approximately 306 employees will be affected.
In a prepared statement, Gary Robinette, Ply Gem’s president and CEO, attributed the decision to market conditions. The Hammonton and Phoenix locations were chosen because of their proximity to other Ply Gem facilities, according to the company.
On Nov. 10, Ply Gem reported third quarter net sales of $342.8 million, a 7.3 percent decrease from the previous year. Net loss before unusual items for the third quarter was $4.1 million, compared to net income of $11.6 million for the third quarter of 2007. Net loss for the past quarter including goodwill impairment, net of taxes was $190.8 million.