DETROIT - ACO Home, Garden & Hardware, Michigan's largest independent hardware retailer, has announced it's closing 14 "underperforming" stores in an effort to improve and strengthen the company's finances.
"The plan we are announcing today [Wednesday] is one we are enacting following a thorough evaluation of our operations," said President and CEO Dick Snyder. "To ensure our long term growth and sustainability, we must always strive to manage our costs and allocate resources to areas of our business that make a meaningful contribution to our financial performance. This plan keeps us on that course. It will ultimately strengthen our position within the marketplace. It gives us the ability to redirect investment to the stores that offer the greatest potential for development, and the flexibility to pursue new opportunities as they arise."
Over the next several weeks, ACO will conduct a "Total Inventory Blowout Sale" of the inventory in each of the affected locations.
Beginning Thursday, consumers will be able to take advantage of outstanding savings on a tremendous selection of merchandise throughout every department of each of the 14 locations.
At this time, an actual closing date for each store has not been determined.
The 14 stores ACO will close include:
- Warren -- 13400 E. Eleven Mile Road
- Saginaw -- 5125 Gratiot Ave.
- Lapeer -- 417 W. Genesee
- Lansing -- 921 Holmes
- Canton -- 43335 Joy Rd.
- Clinton Township -- 41701 Garfield Rd.
- Clio -- 2195 W. Vienna Rd
- New Baltimore -- 34800 23 Mile Rd.
- Troy -- 2965 E. Big Beaver
- Essexville -- 2986 Center Ave.
- Fenton -- 1370 North Leroy St.
- Birmingham -- 619 S. Adams
- Ypsilanti -- 1036 Emerick St.
- Detroit -- 18610 C Fenkell St.
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