Thursday, July 9, 2009

Smith & Hawken Unable To Dig Themselves Out of Economic Mess

Just last month there was talk that Smith & Hawken would relocate its corporate headquarters to to metro Atlanta. Now parent company Scotts Miracle-Gro Co. announced it will close the chain by the end of the year. Dave Smith and Paul Hawken founded gardening tool importer Smith & Hawken in Mill Valley, California 30 years ago but sold it in 1993 and had not been involved much under recent owner Scotts Miracle-Gro Co. who purchased the company in 2004. In an attempt to breath new life into the troubled company Scotts brought in co-founder of Home Depot, Pat Farrah, to overhaul Smith & Hawken. Many insiders, including the founders themselves, blame the company's downfall not only on the poor economy but on Scotts' broadening of the Smith & Hawken store offerings. Locally, Smith & Hawken operates stores on Peachtree road near Peachtree Battle and in Marietta at the Avenues East Cobb. Liquidation sales are to begin within days with all stores in line to close by year's end. Smith & Hawken's e-commerce business was discontinued earlier this week. Repeat Atlanta!


Anonymous said...

Looks like they won't be going to Sembler's Town Brookhaven... Along with everybody else! That project has turned into a joke.

Reactionary said...

"Project?" "Turned?" You're being charitable.

Nothing is happening at Sembler's Town. Atlanta is absurdly over-built and the process of liquidating misallocated capital has just started.