Florida hardware store that Home Depot killed in South Florida. Closed all their
doors in 2005
Update: Scotty's Inc., the 80-year-old hardware
store chain that filed for bankruptcy, appears to be approaching its last days.
Haven-based Scotty's is in final stages of liquidation, a court-appointed
bankruptcy official, David Spehar, said Monday.
Stores in Land
O'Lakes, Dade City, Brooksville and Haines City are among those selling their
entire inventory. Employees who answered phones at the Haines City and Land
O'Lakes stores said about 15 remaining branches will close by March 31.
filed for Chapter 11 bankruptcy court protection in September.
said it had been surviving against big-box competitors such as Lowe's and Home
Depot, but Hurricane Charley doomed the company when it destroyed Scotty's Punta
Gorda store and seriously damaged other branches.
number at Scotty's headquarters had been disconnected Monday. Officials who
could be reached by The Tampa Tribune hung up or said, "Scotty's is out of
Founded in 1924
by farmer Evanda Hugh Sweet, Scotty's grew into a hardware and building supply
chain that went public on the American Stock Exchange.
purchased by a Belgian company, GIB Group, in 1998, when Scotty's had 164 stores
in Florida and neighboring states and an estimated 6,000 employees.
Later in 1998,
the company's senior management team, including current President Tom Morris,
purchased the company for about $100 million. As of September 2004, Scotty's had
more than 30 stores in Florida, mostly in central and northern Florida.
years, the chain had transformed itself from large home improvement stores to
small hardware stores in rural communities. It converted some of its larger
properties to outlet malls and flea markets.
arrived in a steady stream at bankruptcy sale at the Land O' Lakes Scotty's on
Monday, in what Wayne King, the manager, described as "loyalty at the end."