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Internet garden-products retailer

(GDEN) - Get Golden Entertainment Inc. Report

will begin to shut down its retail operations and sell its consumer business assets.

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The company will also begin phased eliminations of its work force.

The Austin, Texas, company, which was founded in 1995, said "all possible avenues have been exhausted," including the search for additional funding and buyers for the company. The company plans to evaluate alternatives for its technology assets.

Shares of were halted at 22 cents on the