84 Lumber has reported $3.1 billion in revenues for 2007, a 24 percent drop from its sales in 2006.
The industry’s largest privately owned chain of lumberyards, which ranked third on HCN’s Top 350 Pro Dealer list, reduced its head count by 175 positions at its headquarters over the past 12 months. Approximately 850 additional employees have been cut at other locations.
The Eighty Four, Pa.-based company has closed 22 stores since 2005, although some of these were relocations or near a new 84 Lumber store, said Jeff Nobers, vp-corporate communications.
“Our goal is to continue to grow market share,” Nobers told HCN. The company intends to open 10 new locations in 2008, Nobers said, pinpointing Illinois, Wisconsin, Arkansas, South Carolina, Florida and California. Two of the pro dealer’s locations, in Annapolis, Md., and Clarksville, Del., are undergoing extensive renovations that will double or triple their size and add showrooms and warehouse space. Nobers added: “They will be, in effect, new stores.”