Rural America Closes Shop
This development is more significant for its real estate implications than for its impact on employment.
The 84 Lumber chain said it will close 67 stores in 19 states, including 13 in Ohio.The continued migration of people from rural America to already overcrowded cities provided support for unprecedented housing booms in urban and suburban areas. But apparently, few pockets of sheep remain.
The company said it's shutting down stores in slow-growing and rural markets and will focus on faster-growing areas in hopes of boosting sales.
Company officials say about 600 employees will be affected by the store closings. About two-thirds are expected to accept jobs at other stores.