HARDWARE STORES

Orchard Supply to close unit

BY Brae Canlen

Orchard Supply Hardware will close its San Lorenzo store early next year, according to an article in the San Jose Mercury News. Located on the east side of the San Francisco Bay, San Lorenzo has suffered through an economic downturn that resulted in a number of shuttered storefronts, according to the report.

A spokesman for the company, which operates 88 home improvement stores in California, would not give a specific reason for the closure.

“We are constantly doing store evaluations. It’s not that there was one thing that led to the decision," marketing director Rick Saunders told the newspaper. He added that the San Jose-based chain plans to extensively remodel its San Leandro location after the first of the year, as well as other units in the San Jose area.

San Leandro is approximately two miles from the store slated for closure.

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Australian hardware stores dig in

BY Ken Clark

An article in Smart Company of Australia describes theories on independent success in the face of a new super chain.

Things are different in Australia, where the big boxes account for a mere 25% of the home improvement business, as opposed to a 75% share in the United States. But according to Retail Doctor Group managing director Brian Walker, recommendation No. 1 is a familiar phrase: Focus on service.

Australian retailer Woolworths and U.S.-based Lowe’s are rolling out a home improvement brand called Masters.

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Owners retire, store closes

BY Ken Clark

The Chicago Daily Herald has reported that Marlowe’s Ace Hardware in Hampshire, Ill., is closing as its owners enter retirement.

Dean and Marge Marlowe have owned the location in downtown Hampshire for 31 years. The State Street store has sold hardware since the 1890s and has been under the ownership of five different families during that time, according to the article

While the Marlowes would prefer to see the business continue as a hardware store, the couple’s three children are not following their parents into the industry.

Efforts to sell the store to prospective buyers have been stymied partly by the banks unwillingness to issue mortgages to the buyers, according to the article. 

The store is expected to close at the end of November.

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N.Pasquine says:
Oct-08-2012 09:11 pm

Isn't this confusing. Buyers
Isn't this confusing. Buyers can't get financing to buy a long established small business.....but Obama said...........add it to the list of his lies.

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