80-year-old Home Depot rival shuts down location, no bankruptcy

The location betterment and hardware retail sectors person been dominated by Home Depot and Lowe's for decades, shoving hardware cooperatives True Value Hardware and Ace Hardware retired of the mode and brushing disconnected autarkic hardware retailers.

Home Depot captured an mean of 29% of the location betterment marketplace successful the 3rd 4th of 2025, portion Lowe's followed down with 17% of the market, and Amazon had astir 11%, according to the Numerator Home Improvement Tracker.

With 3 nationalist retailers capturing 57% of the market, hardware cooperatives and small, autarkic hardware stores are having difficulties staying successful business, including retailers that person been successful concern for implicit 50 years.

159-year-old Kreuger’s True Value hardware store successful Neenah, Wis., revealed successful July 2025 that it would permanently unopen down its concern successful 12 to 16 months aft a liquidation sale.

Another iconic True Value hardware store, 117-year-old Ritter’s True Value Hardware, successful Mechanicsburg, Pa., unopen down permanently connected Sept. 30, 2025, and 56-year-old Carnation Ace Hardware, successful Carnation, Wash., closed its concern everlastingly connected Oct. 25.

65-year-old Yakima, Wash.-based C&H Hardware closed down its autarkic hardware store connected Nov. 26, facing rising prices and trouble competing against online sales, according to KIMA-TV 29.

And now, 80-year-old Benjamin Brothers True Value Hardware volition permanently adjacent its Tenafly, N.J., determination connected Jan. 31, 2026, the store owners revealed connected their Facebook page.

"After 80 years of service, we person made the hard determination to adjacent our doors connected January 31, 2026," the institution said successful the post.

"We would similar to explicit our sincere appreciation to our customers for their continued enactment and patronage passim the years," the hardware store said successful the post. "It has been an grant to service Tenafly and the surrounding communities, and we are profoundly grateful for the memories, relationships, and experiences we person gained on the way."

More closings:

• Casual Mexican edifice concatenation closes much locations

• 79-year-old nationalist trucking institution closes down, nary bankruptcy

• 65-year-old Home Depot rival shutters concern permanently

"Thank you to everyone who has been a portion of the Benjamin Bros. family. Your loyalty and enactment person meant much to america than words tin express," the station said.

The store's owners did not bespeak a crushed for closing the hardware store.

Benjamin Brothers True Value, which opened successful Tenafly successful 1946, began arsenic a lumber gait and became a hardware concern successful 1963, NorthJersey.com reported. The hardware store is independently owned and operated and is portion of the True Value Hardware Cooperative.