True Value Hardware Store Closes After 54 Years Amid Competition from Home Depot and Amazon
ByAinvest
Wednesday, Mar 25, 2026 3:23 am ET1min read
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Home Depot rival Harpeth True Value Hardware is closing its Franklin, Tennessee store due to financial difficulties and the decline of its lumber business, which accounted for 70-80% of sales. The 54-year-old retailer has struggled to compete with Home Depot, Lowe's, and Amazon. Owner Mike Outlaw tried to sell the business but was unable to reach a sale agreement. Outlaw has not indicated any plans to file for bankruptcy protection.
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