When looking for the right tool or accessory for a home improvement project, a quick trip to the local hardware store can be the most convenient option, as opposed to navigating a much larger big box store.
Most consumers, however, choose to visit a nearby Home Depot or Lowe’s for their hardware and home improvement needs, regardless of convenience, believing they can find whatever they need under the big-box roof. They are even willing to wait a day or so for an Amazon delivery instead of running over to the local hardware store.
Increased big-box sales have impacted smaller hardware stores that are struggling to compete and remain in business.
Independent hardware stores struggle
Independent hardware store operators, who are part of the Ace Hardware and True Value Hardware cooperatives, are facing economic challenges from competition waged by home improvement giants Home Depot, Lowe’s, and Amazon, resulting in store closures and bankruptcy filings…