The Norman Transcript

Local news

August 1, 2010

Ace Hardware closing Norman stores

NORMAN — After more than three decades in Norman, Ace Hardware will be closing both of its Norman locations within the next few weeks.

Bill Stone, co-owner of the two stores in Norman, said the Main Street location was shuttered July 16. He expects the store at Alameda Street and 12 Avenue SE to be shut down by the end of August.

Stone said about 30 employees will lose their jobs as a result.

“We’re very unhappy about having to close down the two stores in Norman, but we just couldn’t keep sales high enough to cover expenses,” Stone said, adding that the stores began experiencing “cash flow problems” as the economy started to really dive at the tail end of 2008.

Unfortunately for Stone and his associates, the company had expanded in April 2008, adding another store in Blanchard. The company also owned a store in Purcell, which it acquired in the mid-1980s, Stone said.

“Our timing could not have been worse,” he said. “Expanding at a time when the economy was contracting like it was — and continues to do — was absolutely the wrong thing to do.”

Stone said the stores in Blanchard and Purcell, which don’t have nearly as much competition from “big box” retailers like Home Depot and Lowe’s, will remain open. But he dismissed the idea that his stores couldn’t compete with the big boys in Norman’s hardware store game.

“It was a challenge to compete with them and we did have a lot of overlap, but I feel like people came to us for certain things and went to them for certain things,” Stone said. “Ultimately, over the past 18 months things have gotten so bad nationally that, even without expanding at the wrong time, we could’ve been in trouble.”

Stone said the current economy is the worst he’s seen in his lifetime. He also fears that his two stores in Norman won’t be the last businesses to fold as the Great Recession lumbers on.

Text Only | Photo Reprints
Local news
  • Bad year won’t dampen peachy tradition

    PORTER — A rusting, silver-colored water tower tells visitors to this rural town between Muskogee and Tulsa that they’ve come to the “Peach Capitol of Oklahoma.” Residents of Stratford, the state’s other self-proclaimed peach capital, ...

    July 26, 2014

  • Union Market opens this fall on campus

    Shelves are being stocked as employees buzz around like busy bees and activities are in the last stages of prep as the University of Oklahoma anticipates the opening of its new eatery Union Market, located in the Oklahoma Memorial Union in ...

    July 26, 2014

  • OU football recruit under investigation in assault case

    An attorney representing Joe Mixon confirmed Friday evening that the highly-recruited Oklahoma running back is being investigated by Norman Police in connection with an incident in which a woman suffered multiple facial fractures early ...

    July 26, 2014

  • Campus Cornerassault

    Norman Police responded to an alleged aggravated assault at the Campus Corner Pickelmans Gourmet Cafe early Friday morning....

    July 26, 2014

  • OU physicist receives $1M grant

    A University of Oklahoma physicist has received a $1 million grant from the W.M. Keck Foundation to develop a quantum enhanced plasmonic sensor. The emerging field of physics known as quantum plasmonics will enable technology for sensing ...

    July 26, 2014

  • OU awarded Mellon Grant

    The University of Oklahoma has been awarded a $572,000 grant from the Andrew W. Mellon Foundation for the development of a digital library of Latin texts of all eras. The Digital Latin Library — a Linked Open Data resource — represents a ...

    July 26, 2014

  • Veterans’ breakfast set

    Veterans are invited to a free breakfast from 6 to 11 a.m. Tuesday as Tiffany’s Restaurant, 101 S. Main St., hosts the second annual David Bolser Veteran’s Appreciation Breakfast....

    July 26, 2014

  • Junior Police Graduation First Junior Police Academy graduates

    The room went dark and a slideshow flipped through photos of children participating in the first Junior Police Academy as kids chattered excitedly, remembering what they had done over the past two weeks. Norman Police Department hosted ...

    July 25, 2014 1 Photo

  • Officials say transparency lacking in Wal-Mart zoning

    Norman city staff recently admitted to withholding information from the public regarding a controversial zoning change in southeast Norman. If approved by the city council, the proposal will allow a Wal-Mart supercenter at Cedar Lane and ...

    July 25, 2014

  • Nonprofit raises $3.9M-plus for new center

    The Center for Children and Families, a United Way of Norman partner agency, announced Thursday that it exceeded its public fundraising goal of $3.5 million and raised more than $3.9 million to complete the purchase and renovation of a ...

    July 25, 2014