Great ResignationInflationSupply ChainsLeadership

The Andersons Is Closing Its Remaining Retail Locations

January 16, 2017, 3:28 PM UTC
Closed sign in shop
Grady Coppell Getty Images

The Andersons general stores, a popular chain in Ohio, will close their remaining four retail locations in the second quarter of this fiscal year. The stores, which sell everything from groceries to clothing to drywall, have been struggling. The retail group recently closed three stores and incurred a loss of over $20 million in the last eight years.

The closure of the Andersons’ four remaining locations, two in Toledo and two in Columbus, will put about 1,050 people out of work. The company said in the statement they will provide employees with severance packages. In the future, the Andersons will concentrate on its grain, rail car, ethanol, and plant nutrients units.