Openings & closings: here are the hot spots
Coast-to-coast reports from the ever-changing retail landscape.
Here’s a collection of recent stories on hardware-and-building-supply store openings, closings and acquisitions from around the country.
Closed: After 71 years, Spring Hill Hardware store in South Charleston, W. Va., closed at the end of 2019. The family-owned store opened in 1948. Owner Randy Francis says he’ll miss the community interaction as he enters retirement. Successors to take over the store could not be found. (Source: WCHS ABC 8)
Acquired: In Provo, Utah, Installed Building Products acquired Premier Building Services, which installs insulation and garage doors primarily for residential customers. “Utah is an attractive housing market and I am e3xcited to grow IBP’s presence within the state,” said IBP CEO Jeff Edwards.
Acquired: Allen Lumber Inc. is being acquired by r.k. Miles, Inc., the Manchester Center, Vt.-based pro dealer. The move includes the acquisition of locations in Barre, Montpelier, Waitsfield, and St. Johnsbury, Vt. A third-generation family business, r.k. Miles celebrates its 80th year in March.
Closing: In Oak Ridge, Tenn., a second-generation hardware store plans to close its doors for good at the end of February. The brother-sister team of Ann Bratton and Roger Clary are the current owners of Downtown Hardware, which stood up to Walmart, Kmart and Home Depot over its six decades of business. (Source: WVLT 8 Knoxville)
Closing: Cas Hardware, a small, independent store in the Andersonville neighborhood of Chicago. The store’s 75-year-old Owner Cornel Ladan, Jr., is retiring after more than 40 years on the job. (Source: ABC 7 Eyewitness News)
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