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Minnesota’s Arrow Hardware & Paint continues to liquidate its last three locations, even as it holds out hope that a buyer will step in.
The stores in St. Peter, St. Cloud and Shakopee launched liquidation sales on Nov. 16, which will run until all inventory is depleted—expected some time in January.
Owner Dave Neiman purchased the St. Peter store from his father in 1985, gradually adding nine more locations. He switched from Ace Hardware to True Value affiliation in 2020, and reduced his store count from seven to three at the end of 2023. He attributed the closure to the bankruptcy of his primary supplier, True Value, and the co-op’s subsequent purchase by Do it Best. He didn’t want to have to go through the hassle of again have to remerchandise every bin tag, every shelf, and every product.
