Home Depot rival hardware chain store closes as rent skyrockets
The 10-year-old hardware store owner said the shop could not survive a combination of rising rent, insurance, and credit card fees.
The 10-year-old hardware store owner said the shop could not survive a combination of rising rent, insurance, and credit card fees.
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Why it matters
The closure of a single hardware store due to rising rent and operating costs is a routine business event with limited market or systemic impact, affecting a narrow set of stakeholders without broader credit-market implications.
Sources
TheStreet
Home Depot rival hardware chain store closes as rent skyrockets
The 10-year-old hardware store owner said the shop could not survive a combination of rising rent, insurance, and credit card fees.