OTHER NEWS - April 11, 1992
From Times Staff and Wire Reports
Standard Brands to Close 6 Stores: Torrance-based Standard Brands Paint Co. announced plans to close six unprofitable retail paint stores as part of its strategic repositioning. Targeted are five stores in Southern California including Corona, Cypress, Fullerton, Norwalk and Simi Valley, and one in Phoenix. The outlets will close Sunday. Richard H. Loeffler, president of Standard Brands, said, “Most of the . . . personnel employed in these stores will be transferred to other . . . stores as we gear up for the paint season.” The company is left with 129 outlets in eight Western states.
