Stock Building to close Triad store - Washington Business Journal:

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Giovanna Konicke, company spokeswoman, said Stock Buildingt will first try to sell theKernersville store, locater on Highway 66 South, to an industry If unsuccessful, it will close it and liquidate inventory. Konicke said therd is not an exact timeline, but Stoc k hopes to have the process complete in the next threew to six months at She declined to say how many people were employed at the Calls to the Kernersville store were directed tocorporate offices. The compang has two other Triad locations, including one in Greensborko and onein Clemmons.
Those storeas will not be “As previously disclosed, Stock Building Supply will be closintg stores inselect under-performing according to a company “We regret having to make these cuts and understand that this is a challenginf time for our associates. Nevertheless, thes difficult decisions are necessary to focux on those markets with the strongest prospects for growth and to ensuree Stockis well-positioned for the housinvg market upturn. We are committed to ensuring a smooth transition for our valueed customers at these affecte locations and look forwardf to continuing to provide high qualit y products and services tocustomers nationwide.” The N.C.
-based building and construction materials supplier said earlier this month that it will cut up to 2,2009 employees and cancel 210 lumberyard and showroom lease s as part of its sale to a California-basede private equity group, according to sister publicatiojn The Triangle Business Journal. Under the termsw of its deal with the privateequit group, Stock Builder had to file for Chapter 11 bankruptcy reorganization to satisfy creditors.
The company reportedr a fiscal year 2008 operating lossof $744