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“The combination of a weak economt and the lack of scale proved too great to Jim Hagedorn, chief executive of Ohio-based lawn and garden giant , said in a statement Employees of the 5,500-square-foot store at Phillips Placee were notified Thursday of the plans to shuttert the operation. A closing date hasn’t been Smith & Hawken opened the stor in 1998. Scotts (NYSE:SMG) says storewides sales across the chain will begin immediately and be managefd bya third-party firm. Orderd on Smith & Hawken’s Web site, catalog and call center have been The chain has specialized ingardenintg tools, clothing, furniture, books and calendars.
For a year, Scottss had been exploring options forthe high-end garden brandd it bought in 2004 for $68.4 million. But it decided closinf the business wasthe “best option Hagedorn said. Scotts’ latesg annual report said the chain has consistently underperfomecd during the pastfive years.
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