News

Openings and closings, including a Lowe’s outlet store

Tracking the changing landscape through media reports from coast to coast

BY HBSDealer Staff

Here’s a selection of recent hardware-and-building-supply store openings, closings and acquisitions from around the country.

• Opened:  Lowe’s opened its first outlet store, a 31,000 sq. ft. building selling appliances at discounts of 25% to 70%. The one-of-a-kind Lowe’s store opened Oct. 22 in Monrovia, Calif., in a site that was previously an Orchard Supply Hardware store. Merchandise is slightly used, scratched or dinged. (Source: San Gabriel Valley Tribune)

Lowe’s confirmed with HBSDealer that the retailer is focused on piloting the outlet in Monrovia only.

• Opened: Nyssa Mercantile True Value opened on Main Street in Nyssa, Ore. Owner Liz Haun celebrated with a three day grand opening event in early November. (Source: Malheur Enterprise).

• Closing:  After 110 years in business, Jackson’s Hardware and Marine in the coastal fishing and boating community of Kittery, Maine, closed Aug. 23. The Corcoran family has operated the business for the past 31 years, guiding it through a tough period of bridge construction from 2015 to 2017 that seriously impeded auto traffic. (Source: WMTW News 8 Portland)

• Closing: Glenn’s True Value Hardware in Lincoln, Neb., is being replaced by a commercial pharmacy business, expected to open in December. The hardware store’s owner, Scott Louderback, also owns the store’s shopping center – the Shoppes at Piedmont. The hardware store will be replaced by a.  Steve Glenn and other investors bought the shopping center in 2013. (Source: Lincoln Journal Star)

• Opening: In Williamson, W.Va., a trio of investors, including a contractor who lamented the closing of a Mingo County 84 Lumber location, decided to purchase the old 84 Lumber facility and start their own home center. They’re calling it Local Lumber and Supply. It is expected to open this fall. (Source: Williamson Daily News)

•Opening: Bomgaars is coming to Fairmont, Minn., in a location formerly occupied by a Shopko. Bomgaars currently operates 86 farm-and-ranch style stores in seven states: Minnesota, Iowa, Colorado, Idaho, Nebraska, South Dakota and Wyoming. (Source: Fairmont Sentinel)

 

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