Nuts and Bolts plans to open in Odessa
Overland Park, Kan.-based Nuts and Bolts Hardware announced the site of its next location: Odessa, Mo., on U.S. Highway 40.
The new store, expected to open in April, will be the chain’s sixth location.
“Nuts and Bolts is excited to have the opportunity to serve the city of Odessa and the surrounding communities with high-quality products and services,” said Brian Richards, president of Nuts and Bolts, in a prepared statement.
The store will follow the Destination True Value design and feature 18,000 sq. ft., plus an outdoor lawn and garden center.
House-Hasson sees big increase in store sets
Knoxville, Tenn.-based distributor House-Hasson Hardware says it is seeing almost twice the level of store sets — new or expanded stores — in 2012, compared with the 2011 rate.
“We’ve seen 2012 emerge as one of our best years in terms of helping people become hardware store owners and dealers,” said Don Hasson, president of House-Hasson.
In 2011, House-Hasson performed 15 of what are called “store sets.” In 2012, that number will grow to more than 30. The company expects 2013 to be even more active, according to Dave Helfenberger, House-Hasson’s VP marketing. The square footage of new or larger stores is increasing substantially as well, according to the company.
Surprisingly, one reason is the weak economy.
“Some of the problems in the economy make it easier to open or expand a hardware or lumber business,” Helfenberger said. “Many commercial buildings have been sitting empty for a long time. It’s a buyer’s market. Properties are selling or renting at reasonable or historically low prices.
“Store owners are negotiating very good rates per square foot, from $10 to $15 down to $3 to $5. What I recommend is that they ask for six months free and six months half-price. It’s remarkable how often they get it. Most store sets have traditionally been between 3,000 sq. ft. and 5,000 sq. ft.; this year they’re more than double that because of the low prices. We’re doing two that are more than 25,000 sq. ft., and one is 137,000 sq. ft.”
House-Hasson is a 105-year-old, family owned company that serves some 2,000 dealers in 17 states and the Caribbean. The distributor’s sales are about $200 million annually.
Store celebrates 140 years
Dating back almost to the Great Fire of Chicago, Stauber’s Ace Hardware turned 140 years old in 2012.
Founded in 1872 by Louis Stauber, a Swiss immigrant, in Chicago one year after the Chicago fire ravaged the city. The store was relocated more than 100 years ago to the Northcenter area of Chicago, where it currently does business today.
In the early 1900s, the store become one of the first in Chicago to sell Harley Davidson motorcycles.
William Stauber, the son of the founder Louis, went on to found Ace Hardware Corp. with three other hardware store owners in 1924. Stauber’s Ace Hardware is still family owned and operated by Steve Stauber the great grandson of the founder.