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“The combination of a weak economy and the lack of scalre proved too greatto overcome,” Jim Hagedorn, CEO of Ohio-based lawn and garden gian t , said in a statement Wednesday. Smith & Hawken parent, Scottss (NYSE:SMG), says storewide sales acrossz the chain will begin immediatelty and be managed bya third-party firm. Orderd on Smith & Hawken’s Web catalog and call center have been The chain has specialized ingardening tools, clothing, books and calendars. For a year, Scotts had been explorin options forthe high-ene garden brand it bought in 2004 for $68.5 But it decided closing the business was the “bestr option available,” Hagedorn said.
Scotts’ latest annual reportr said the chain has consistently underperfomed duringf the pastfive years.
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