Louisville Hardware store forced to close
H&S Ace Hardware, an 80-year-old hardware store in Louisville, Ky., closed last month under pressure from its creditors, according to an article in the Courier-Journal.
Store manager Dave Phelps told the newspaper that the company's secured creditors ordered that the 135,000-sq.-ft. store be shuttered.
The property is already listed by a commercial real estate broker for $2.2 million.
Harry Sosowsky started the business in 1929, naming it H&S for himself and his son Stanley, who started working for him full time after returning from World War II.
After numerous additions, the building grew to 135,000 sq. ft. on the 7.5-acre site.
Over the years, H&S diversified its inventory by selling above-ground pools, starting in 1975, and in the 1990s, adding patio furniture.
At its peak 10 years ago, H&S operated three area stores. The Jeffersontown location was later converted into a flea market, and a second unit was converted into other retail space.
In recent years, H&S was operated by Sosowsky’s son-in-law, David Snow. Snow died of cancer last year, according to the news report.
Sosowsky, who died at age 84 in November, told The Courier-Journal in 2002 that he still enjoyed working in the Preston store with his wife, Rose.