STOCK TITAN

Massillon U-Haul Facility to Close on Feb. 28 after 46 Years

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

The U-Haul store in Massillon, Ohio, will close on February 28, 2023, after 46 years of service. Originally a gas station, the 1,305-square-foot location was acquired in 1977. The closure will lead to the loss of four jobs. U-Haul plans to lease the property to an independent business to maintain mobility services. Customers can access a nearby store in North Canton for similar services. The decision to close reflects U-Haul's ongoing evaluation of its operational strategy and market conditions. U-Haul continues to partner with over 21,000 independent dealers across the U.S. and Canada to support local communities.

Positive
  • U-Haul plans to lease the closed Massillon location to an independent small business, maintaining local mobility services.
Negative
  • Closure of the Massillon store results in four job losses.
  • Store closure may impact local customer access to U-Haul services.

MASSILLON, Ohio, Feb. 24, 2023 /PRNewswire/ -- The Massillon U-Haul store at 2914 Lincoln Way E. will cease operations on Feb. 28 after 46 years of serving the do-it-yourself moving public.

U-Haul acquired the 1,305-square-foot store on 0.84 acres in 1977. It was originally built as a gas station before being repurposed for U-Haul services.

Four Team Members will be let go due to the closing of this location.

Company plans are to lease the property, preferably to an independent small business serving as a U-Haul neighborhood dealer so that truck and trailer sharing can remain available at this site.

Customers of the closing store can also find a full line of DIY moving and self-storage products and services just seven miles away at the North Canton store, which opened in 2014. The store, at 5655 Whipple Ave. NW, offers truck and trailer sharing, boxes and moving supplies, U-Box® portable storage containers, towing equipment and much more.

Local U-Haul Companies are always exploring opportunities for growth as they pursue means to better serve the needs of customers, but sometimes find it necessary to close or relocate stores, shops and offices. Reasons for closures can include: long-term strategic plans; safety and security concerns; physical site conditions and limitations; shifts in demographics; availability of local Team Members; trends in migration; expansion of the U-Haul neighborhood dealer network; proximity to other new or existing Company locations; and external factors.

U-Haul neighborhood dealers in and around Massillon continue to be available to serve DIY movers. U-Haul has partnered with independent dealers to provide communities with accessible mobility since 1945. During these challenging times, more than 21,000 small businesses across the U.S. and Canada are generating supplemental income by partnering with U-Haul. When customers rent from their local U-Haul dealers, they are directly supporting small businesses in their community. Because there is no financial investment from dealers, they are not U-Haul franchises. They are simply small businesses with enough lot space to park U-Haul equipment and enough time to welcome more customers while meeting the mobility needs of their neighbors. Learn how to partner with U-Haul at uhaul.com/dealer.

About U-HAUL

Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers, with a network of more than 23,000 locations across all 50 states and 10 Canadian provinces. U-Haul Truck Share 24/7 offers secure access to U-Haul trucks every hour of every day through the customer dispatch option on their smartphones and our proprietary Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to approximately 186,000 trucks, 128,000 trailers and 46,000 towing devices. U-Haul is the third largest self-storage operator in North America and offers 913,000 rentable storage units and 78.1 million square feet of self-storage space at owned and managed facilities. U-Haul is the largest retailer of propane in the U.S., and continues to be the largest installer of permanent trailer hitches in the automotive aftermarket industry. U-Haul has been recognized repeatedly as a leading "Best for Vets" employer and was recently named one of the 15 Healthiest Workplaces in America. 

Contact:
Andrea Batchelor
Jeff Lockridge
E-mail: publicrelations@uhaul.com
Phone: 602-263-6194
Website: uhaul.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/massillon-u-haul-facility-to-close-on-feb-28-after-46-years-301755554.html

SOURCE U-Haul

FAQ

When is the Massillon U-Haul store closing?

The Massillon U-Haul store will close on February 28, 2023.

What happened to the U-Haul store in Massillon, Ohio?

The U-Haul store in Massillon will cease operations after 46 years of service.

How many employees will lose their jobs due to the Massillon U-Haul closure?

Four employees will be let go due to the closure of the Massillon U-Haul store.

What is U-Haul's plan for the Massillon store property after the closure?

U-Haul plans to lease the Massillon store property to an independent small business.

Where can customers find U-Haul services after the Massillon store closes?

Customers can find U-Haul services at the North Canton store, located seven miles away.

U-Haul Holding Company

NYSE:UHAL

UHAL Rankings

UHAL Latest News

UHAL Stock Data

13.99B
19.61M
60.9%
37.26%
0.78%
Rental & Leasing Services
Services-auto Rental & Leasing (no Drivers)
Link
United States of America
RENO