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Home Depot small-town rival closes after 56 years
Yahoo Finance· 2025-11-05 17:47
Core Perspective - The closure of independent businesses like Carnation Ace Hardware highlights the challenges faced by small retailers in competing with national chains and online giants, with the primary reason for this specific closure being the owner's retirement [5][6]. Group 1: Community Impact - The closure of Carnation Ace Hardware, which served the town for 56 years, represents a significant loss for the local community of 2,515 residents, as it provided essential services and products [3][4]. - The store was a cornerstone of downtown Carnation, contributing to the local economy and community life [4]. Group 2: Owner's Announcement - Owner Ron Cox announced the closure in late October, expressing mixed emotions about retiring after decades of service to the community [6][7]. - The city recognized the Cox family's contributions with a proclamation, and a farewell reception was held to celebrate the store's legacy [7].