Posted by Leroy on January 04, 2009 at 08:44:02 from (209.143.52.254):
In Reply to: Re: TSC closes down posted by NY986 on January 03, 2009 at 15:02:43:
Quality Farm & Fleet that was based in Michigan and Central Tractor merged and after the merger they kept the poorest parts of both store chains and got rid of the best parts so lost business and then went bankrupt. The Former owners of Central Tractor tried to buy it back in bankrupt court but could not meat the bid TSC put in just to be able to close it down to get rid of the comopetion and the court judge in his poor wisdom thought that a couple of thousand dollars were worth more to the deptors than the business was to the public so he allowed it to go thru. They did abandon some of the CT -QF stores and in other locations moved the TSC stores in.
My wife had just been hired into management by CT when this all happened. We live in Ohio and 2 weeks after she started with CT they sent here to Georgia for a week to help set up and hire people for several new stores they were planning to open. She did not have all the paper work completed when the merger took place and with good luck because if she would have had it done then we would have been boved to the soutf just as things closed. The CT store was 47 mile one way and after the merger she transfered to the QF store 7 mile away till she saw the handwriting on the wall that they were closing. 6 month earlier saw truble and picked up app for Lowes, never turned it in when time was getting close changed date and sent in, 2 days later Lowes called and hired her, one of the few people thay have that can do 75% of the business of the store. She was working as assisant manager for a general merchandise store when she applied to CT and in 2 days they came in from out of state to see her after her normal working hours and hired her on the spot. So being in this situation I learned quite a bit about the TSC, CT & QF situation.
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