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Article: NEWS IN BRIEF.
- Article from:
- Tire Business
- Article date:
- November 24, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Solideal closes 4 company stores
Solideal USA Inc. has closed four company-owned retail stores, citing the uncertain economic climate and pressures on market pricing.
Solideal USA, a unit of Solideal International S.A. of Luxembourg, shut stores in Bowling Green, Ky.; El Paso, Texas; Greenville, S.C.; and Miami.
"The company is taking proactive steps to streamline our business and make necessary adjustments to ensure we maintain our leadership in the material handling industry,'' Solideal said in a prepared statement.
Tim Phillips, director of marketing and business strategies, said the company will keep operating its 36 remaining ...