The house enchancment and {hardware} retail sectors have been dominated by Residence Depot and Lowe’s for many years, shoving {hardware} cooperatives True Worth {Hardware} and Ace {Hardware} out of the way in which and dismissing unbiased {hardware} retailers.
Residence Depot captured a median of 29% of the house enchancment market within the third quarter of 2025, whereas Lowe’s adopted behind with 17% of the market, and Amazon had about 11%, in response to the Numerator Residence Enchancment Tracker.
With three nationwide retailers capturing 57% of the market, {hardware} cooperatives and small, unbiased {hardware} shops are having difficulties staying in enterprise, together with retailers which have been in enterprise for over 50 years.
159-year-old Kreuger’s True Worth ironmongery shop in Neenah, Wis., revealed in July 2025 that it will completely shut down its enterprise in 12 to 16 months after a liquidation sale.
One other iconic True Worth ironmongery shop, 117-year-old Ritter’s True Worth {Hardware}, in Mechanicsburg, Pa., shut down completely on Sept. 30, 2025, and 56-year-old Carnation Ace {Hardware}, in Carnation, Wash., closed its enterprise endlessly on Oct. 25.
65-year-old Yakima, Wash.-based C&H {Hardware} closed down its unbiased ironmongery shop on Nov. 26, going through rising costs and issue competing in opposition to on-line gross sales, in response to KIMA-TV 29.
And now, 80-year-old Benjamin Brothers True Worth {Hardware} will completely shut its Tenafly, N.J., location on Jan. 31, 2026, the shop house owners revealed on their Fb web page.
“After 80 years of service, we now have made the tough determination to shut our doorways on January 31, 2026,” the corporate mentioned within the publish.
“We wish to categorical our honest appreciation to our prospects for his or her continued help and patronage all through the years,” the ironmongery shop mentioned within the publish. “It has been an honor to serve Tenafly and the encompassing communities, and we’re deeply grateful for the reminiscences, relationships, and experiences we now have gained alongside the way in which.”
Extra closings:
“Thanks to everybody who has been part of the Benjamin Bros. household. Your loyalty and help have meant extra to us than phrases can categorical,” the publish mentioned.
The shop’s house owners didn’t point out a motive for closing the ironmongery shop.
Benjamin Brothers True Worth, which opened in Tenafly in 1946, started as a lumber yard and have become a {hardware} enterprise in 1963, NorthJersey.com reported. The ironmongery shop is independently owned and operated and is a part of the True Worth {Hardware} Cooperative.
