Home Depot Dominance Forces Closure of 80-Year-Old Hardware Store
ByAinvest
Sunday, Jan 4, 2026 11:08 am ET1min read
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Home Depot and Lowe's dominate the home improvement market, with 57% market share. Small, independent hardware stores are struggling to stay in business, with several recent closures, including an 80-year-old Benjamin Brothers True Value Hardware store in Tenafly, NJ. Rising prices and competition from online sales are cited as factors contributing to the closures.
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