Around the Web: True Value dealer closes in northern Ohio

A 20-year-old hardware store in Avon Lake, Ohio succumbed to the economic slowdown, according to news reports.

Avon Lake True Value Hardware, a Northern Ohio dealer that has been in operation since 1988, closed its doors for good a week ago, according to the Morning Journal. The 8,000-sq.-ft. store, located in a small shopping center, originally opened as an Ace Hardware store before converting over to True Value, the newspaper reported.

Avon Lake, a community of 20,000 people on the shores of Lake Erie, is located 15 miles west of Cleveland. The article cited the slow housing market and competitive pressures from Home Depot and Lowe’s as contributing factors in the store’s demise.