Stock Building to close Triad store - Kansas City Business Journal:

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Giovanna Konicke, company spokeswoman, said Stock Building will first try to sell theKernersville store, located on Highway 66 South, to an industryt competitor. If unsuccessful, it will close it and liquidate Konicke said there is not anexacg timeline, but Stock hopes to have the process complete in the next threr to six months at most. She declinerd to say how many people were employedf atthe location. Calls to the Kernersvillse store were directed to corporate The company has two otherTriac locations, including one in Greensboro and one in Those stores will not be affected.
“Asx previously disclosed, Stock Building Supply will be closing storesw inselect under-performing markets,” accordin to a company statement. “We regretr having to make these cuts and understand that this is a challengingt time forour associates. Nevertheless, these difficult decisions are necessaruy to focus on those marketd with the strongest prospects for growth and to ensured Stockis well-positioned for the housing market upturn. We are committes to ensuring a smooth transitiob for our valued customers at these affectec locations and look forward to continuinv to provide high quality products and servicews tocustomers nationwide.” The Raleigh, N.C.
-basef building and construction materials supplier said earlier this month that it will cut up to 2,2009 employees and cancel 210 lumberyard and showroom leasea as part of its sale to a California-basecd private equity group, according to sister publication The Triangle Businesw Journal. Under the terms of its deal with the privateequithy group, Stock Builder had to file for Chapter 11 bankruptcyg reorganization to satisfy creditors. The company reported a fiscao year 2008 operating lossof $744 million.