Layoffs expected at Hines
The company said it may lay off 96 workers in Portland,Ore., because of an inability to extend its line of credit, the news report said, citing a letter sent to government officials in Oregon. The commercial grower, which supplies flowers and shrubs to Walmart, Home Depot and Lowe’s, could also seek bankruptcy protection, according to the article.
In 2008, Hines was purchased out of Chapter 11 by Black Diamond Capital Management, a hedge fund and private equity firm based in Illinois.
Based in Irvine,Calif., the commercial nursery operates growing operations in several states.
Retail sales for September: Good, bad and flat
The U.S. Census Bureau reported unadjusted monthly retail sales for home centers and pro dealers (NAICS 444) were $24.0 billion in August, up from $22.3 billion in the same month last year.
Unadjusted hardware store sales (NAICS 44413) were $1.51 billion, unchanged from August 2009.
However, August sales were down compared with July’s figures. Home centers and pro dealers declined 5.8% from July. Hardware stores declined 6.8%.
The Census Bureaus advance estimates of U.S. retail and food services sales for September, adjusted for seasonal variation and holiday and trading-day differences but not for price changes, were $367.7 billion, an increase of 0.6% from the previous month, and 7.3% above September 2009.
Bayer recognized by Home Depot
The Home Depot merchants have selected consumer lawn and garden brand Bayer Advanced as its Outside Garden Supplier Partner of the Year 2010.
Bayer Advanced is backed by Bayer CropScience, a major crop protection company.
Bayer Advanced was chosen from more than 500 Home Depot suppliers in the Outside Garden category as a result of its overall performance over the past year.
“Bayer Advanced has distinguished itself over the past year, bringing new and innovative control products to The Home Depot that solve our customers’ problems better and in less time than previously possible,” said Scott Manning, Home Depot merchandising VP live goods and landscaping.