Beloved 159-year-old Home Depot rival closing, liquidating
The 159-year-old member of a hardware store chain is closing its store in the next three to four months.
The home enchancment and hardware retail sector has been dominated by House Depot, Lowe's, and Amazon in most modern years.
In phrases of gross sales within the major quarter of 2025, House Depot had about 27.2% of the market, Lowe's captured 17%, and Amazon attracted 15.6% of the market within the major quarter, based on Numerator's House Enchancment Tracker.
Top home enchancment chains for gross sales Q1 2025:
- House Depot, 27.2% of market.
- Lowe's, 17% of market
- Amazon, 15.6% of market.
But within the event you put in mind The US's Most Depended on peer, performed by Lifestory Analysis for 2025, House Depot accomplished No.1 with a 5-star ranking, Lowe's was as soon as No. 2, furthermore with a 5-star ranking, Ace Hardware accomplished third with a four-star rating, and Costco was as soon as fourth with a 3-star rating.
The US's Most Depended on home enchancment chains:
- #1 House Depot.
- #2 Lowe's.
- #3 Ace Hardware.
Linked: Iconic retail chain shuts down its closing shops in economic smash
But some other hardware store that competes with the home enchancment heavyweights and head-to-head with Ace Hardware, cooperative Factual Stamp, didn't imperfect in Numerator's and Lifestory's surveys.
Factual Stamp Firm, which presents wholesale hardline products to 4,500 independently owned retailers, filed for Chapter 11 economic smash security on Oct. 14, 2024, and supplied its sources to hardware, bolt, and building materials cooperative Attain it Best Corp. Factual Stamp
Kreuger's Factual Stamp closes 159-365 days-frail store
One hardware store that is a part of Factual Stamp's cooperative, iconic Kreuger's Factual Stamp, published that this can shut its Neenah, Wis., earn 22 situation permanently within the next three to four months after finishing a retirement/liquidation/going-out-of-industry sale, which started on July 22.
Kreuger's Factual Stamp sent a letter to the Wisconsin Division of Team Constructing on July 17 informing the agency that the store's 37 workers will be terminated after the going-out-of-industry sale is carried out.
Linked: Bankrupt household items chain cancels store earn 22 situation closings
The hardware store, which opened within the 365 days after the Civil Battle in 1866, is regarded as one of the major 4,500 independently owned retail shops that is a part of a retail network that purchases wholesale hardware from Factual Stamp Firm and operates under the emblem title.
Kreuger's Factual Stamp has operated out of its present earn 22 situation since 1972, where it had relocated from a downtown Neenah, Wis., store.
The shop was as soon as based by William Kreuger in 1866 and is being operated by its fifth technology of householders, WBAY-TV reported.
More closings:
- Major furnishings producer closes down, no economic smash
- Iconic pizza chain’s franchisees shut a pair of eating locations
- Iconic retail chain closing over 100 shops in economic smash
Kreuger's householders Jim and Brian Webb decided to retire and tried to promote the industry, however may now not whole a sale with potential patrons.
The householders will liquidate and wind down the industry over the next 12 to 16 weeks, based on the firm's letter to the bid.
Why is Kreuger's Factual Stamp Closing?
- House owners Jim and Brian Webb are retiring and may now not get hang of a purchaser for the industry.
Some extra surely educated home enchancment retailers are hunting for gross sales of their sources or are closing down their industry after filing for economic smash.
The guardian firm of home enchancment retailer Gardener's Supply Firm, The US's Gardening Useful resource Inc., filed for Chapter 11 economic smash security on June 20, 2025, hunting for to promote its sources to a stalking-horse bidder as it faces financial damage.
House enchancment retail and wholesale firm Mosaic Companies LLC, a pacesetter within the surfaces exchange for luxurious wall and mosaic tile, ground tile, and stone slab, on July 8, 2025, filed for Chapter 11 economic smash security with plans to promote certain of its sources and wind down and liquidate varied closing companies.
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