A POPULAR hardware store chain has launched a closing down sale at a key location that has been standing for over 60 years.
Shoppers still have a bit of time left to make the most of the store before it goes for good.
A popular hardware store chain has launched a closing down sale at a key location that has been standing for over 60 years[/caption]
After more than six decades in business, a hardware store in northeast Missouri is closing its doors.
KTVO reports that Westlake Ace Hardware in Kirksville is set to close permanently very soon.
The move will impact our full-time and roughly 14 part-time employees.
Westlake Ace Hardware has been struggling to make its rent payments, and is no longer financially viable.
This is according to Cathy Roberts, general manager of the Kirksville store.
Due to this, the store has decided not to renew its lease in the area.
A closing down sale was started on Monday in preparation for the full closure at the end of October.
An exact closing date is not known yet.
In a statement, Westlake Ace Hardware expressed remorse for the decision.
The company also stressed it is not one they “take lightly”.
Westlake said: “After more than 60 years of serving the Kirksville, Mo., community, Westlake Ace Hardware has decided not to renew the lease on its store at 1612 North Green Street.
“We will begin a store closeout sale soon. The store is scheduled to close permanently at the end of October 2025.
“The closing of any store is not a decision we take lightly, but as we continue to analyze same-store profitability and ever-changing market dynamics, we occasionally need to adjust our store count.”
PAIN IN PITTSBURGH
The US Sun recently reported on another branch closure to hit a mall in Pittsburgh, Pennsylvania.
US braces for ‘45,000 store closures’
Some 45,000 bricks-and-mortar stores could close in the next five years, experts have warned.
Several major retailers have announced store closures or gone out of business altogether in recent years.
In 2023, chains such as Foot Locker announced plans to close up to 400 outlets by 2026.
While, other well-known retailers like Tuesday Morning and Mitchell Gold + Bob Williams filed for bankruptcy in 2023.
Bed Bath & Beyond has closed all of its brick-and-mortar stores and is now an online-only retailer.
The most affected retailers have been clothing, consumer electronics, sporting goods, hobby, book, music, and home furnishing stores since the start of 2019.
UBS has predicted the total number of retail stores will drop by 45k from 958k to 913k.
Despite that, the report says that certain stores should thrive while others decline.
It said retailers such as Walmart, Costco, Home Depot, and Target, could be among the winners.
Dick’s Sporting Goods has just left The The Pittsburgh Mills mall in Frazer.
This is only set to get worse as Macy’s is also set to leave the mall, too
The two-story nearly 173,000 square-foot space will leave the mall without another anchor store.
An anchor tenant refers to a large and well-known store in a mall that serves as a main drawing point for shoppers.
Locals have been directed to other Dick’s Sporting Goods stores.
These include Dick’s Field House at The Waterworks Mall, Dick’s House of Sport at Ross Park Mall and Dick’s Sporting Goods at Monroeville Mall.
Shoppers should note the Waterworks location won’t be open until June 20.
The spot will host a grand opening from June 20 to June 22 to mark the occasion.
Shoppers will be see sales, special offers and prizes, and a sporting icon stopping by for an appearance.
Pittsburgh Steelers player Joey Porter Jr. is scheduled to appear from noon to 1:30pm June 21.
