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But to financially savvy observers, the closings likely are not surprising. The retail group within The Andersons typically broke even or lost money for years. Mr. Bowe said the retail group lost more than $20 million the last eight years. The division has not made an annual profit since 2008. Get the factsThe latest annual revenue for the retail group was $140 million in 2015, which is a small segment of the company that pulled in $4.2 billion in revenues that year. adviceVote on Friday At its meeting Friday, board members of The Andersons voted to cease retail operations, Mr. Anderson said, but executives have wrestled with closing the stores for several years and came close to pulling the plug earlier. A few years ago we put quite a bit of money back in the stores and we got a little bit of a lift, but it didnt last, he explained. So well before Pat got here there was the real risk that we just didnt have the value equation that was going to allow us to continue against the continued saturation of brick and mortar stores and the significant increase in Internet shopping. And it came to a head in the last couple of months. Mr.
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