ACO Hardware Closing 14 Local Stores
FARMINTON HILLS (WWJ) – ACO Hardware is closing more than a dozen under-performing stores in and around Southeast Michigan.
The Farmington Hills-based company says it’s an effort to ensure the company’s “long term growth.”
Beginning Thursday, there will be blow out sales at each of the closing stores.
“The plan we are announcing today is one we are enacting following a thorough evaluation of our operations,” ACO President and CEO Dick Snyder said in a statement. “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.”
The 14 stores ACO will close include:
13400 E. Eleven Mile Road Warren
5125 Gratiot Ave. Saginaw
417 W. Genesee Lapeer
921 Holmes Lansing
43335 Joy Rd. Canton
41701 Garfield Rd. Clinton Twp.
2195 W. Vienna Rd. Clio
34800 23 Mile Rd. New Baltimore
2965 E. Big Beaver Troy
2986 Center Ave. Essexville
1370 North Leroy St. Fenton
619 S. Adams Birmingham
1036 Emerick St. Ypsilanti
18610 C Fenkell St. Detroit
A closing date for each location has not yet been determined, the company said.