In announcing the closing of 7 construction equipment locations and one ag equipment dealership, Titan Machinery said the changes made are strategic responses to industry-wide challenges: a potentially slowing agriculture economy and a slow recovery in the construction economy. All closed stores are being consolidated to nearby Titan Machinery stores.
Closed construction stores (and consolidated to) include:
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
