Titan Machinery to close 15 stores…

Titan Machinery, a company that supplies construction and agricultural equipment has announced the closing of 15 stores according to this Tribune report.

Fifteen stores in a network of agriculture and construction equipment dealers headquartered here will soon close, including one in Redwood Falls..

Titan Machinery Inc. announced the upcoming closures on Thursday, Feb. 9, that will happen March 31 as part of a dealership restructuring. It includes stores in Redwood Falls and Thief River Falls in Minnesota and Arthur, Kintyre, Kulm and Mayville in North Dakota.

The company will also close two stores each in South Dakota, Nebraska and Iowa, as well as two stores in unspecified locations where Titan already has another store in the same community. Titan also closed a construction equipment store in Williston, N.D., last December.

Chief Marketing Officer Jeff Bowman said the company has made “very aggressive” changes in recent years in reaction to lower commodity and agriculture prices, including a big reduction in its used equipment inventory.

But this newly announced restructuring isn’t another reaction to those trends, he said. Instead, it’s a way for the company to make strategic decisions about how to maximize efficiency and improve customer service in the years to come, he said.

“Where the industry has gone has been a wakeup call for all of us, and it’s really caused us to be more diligent about, ‘OK, where is this going, and what do we need to do next?'” he said.