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North Reading Sears Hardware Closing

The Sears on Main Street will close this summer.

Not long ago, North Reading had four hardware stores. It will soon only have two.

The Hardware store on Main Street will close this summer and a liquidation sale started Friday.

According to the stores Spokesperson Kimberly Freely, the store is closing because their lease is not being renewed. The store will be holding a liquidation sale until they close their doors in a couple of months.

"The store is expected to close sometime mid-July," Freely said.

This is the only store in the area that is closing, Freely said, and they do not have plans to open a new location in the area.

The closing means North Reading will have two hardware stores, both of which have been town staples -- and .

Jim Pothier May 08, 2012 at 10:51 AM
The property managers must have plans or a new tenant for that space, why would you not renew the lease for what seems to be a pretty successful location.
Jessica May 08, 2012 at 11:08 AM
Cant see any other reason they would not renew. Though, ive never seen that place busy. Will be glad to see the business going back to the local places. Some one said Joe Fish was going to open in the Pic space. Not sure if that is true or not.
Linnea Casino May 08, 2012 at 11:58 AM
They seriously better be bringing in something worthwhile because more than half of that strip is currently not occupied. Ridiculous!!!!!
DR May 08, 2012 at 01:20 PM
Don't get your hopes up for something new to fill the space anytime soon. The fact that the lease was not renewed does not mean that the property managers wanted to force Sears out. It was more likely that Sears choose not to renew the lease. This is evident since multiple Sears Hardware and Appliance locations also started liquidation sales over the weekend.
Bruce McArdle May 08, 2012 at 01:37 PM
Hopefully Market Basket will be moving there ;)
M May 08, 2012 at 01:55 PM
I shop there as a first choice when I need something, esp something small like a paintbrush or birdseed or a tool & don't want to deal with HD or Lowes crowds...but that is the thing, unless it's the week before Christmas or day before Father's Day, I often am the only person in the store. Regarding that whole plaza, I swear I'd be more inclined to head there if there was more than one way OUT of the place.. Dealing with the single exit point which also gets backed up into S&S parking is a pain.
Ed Canney May 08, 2012 at 02:13 PM
Economy is not very healthy in North Reading. A lot of empty buildings...old Stop & Shop, the Pic, North Reading Hardware, and now Sears. Add that to the foreclosures, and you've got some serious problems. Boston Magazine recently listed North Reading's average home sale prices down from $450,000 three years ago to $395,000. Too many households are one lost job from foreclosure. Don't know why the Selectman, School Committee etc., don't get it, but they just don't. Adding over $300 quarterly to the tax bills for the HS/ Middle School renovations won't help obviously. Election tomorrow. But whom among the candidates speaks to the real issues? I don't see any. Have to reign in spending, but they all want to spend more! Very sad that not one candidate is bold enough to say $300 per quarter may be more than many can afford. But I haven't heard that. There's more to a community than just the schools. People have to be able to sustain their lives in a depressed economy. We could use a little help from elected officials.
Ed Canney May 08, 2012 at 02:45 PM
I have added to my previous comment (last paragraph) to the officials that will be elected tonight. Economy is not very healthy in North Reading. A lot of empty buildings...old Stop & Shop, the Pic, North Reading Hardware, and now Sears. Add that to the foreclosures, and you've got some serious problems. Boston Magazine recently listed North Reading's average home sale prices down from $450,000 three years ago to $395,000. Too many households are one lost job from foreclosure. Don't know why the Selectman, School Committee etc., don't get it, but they just don't. Adding over $300 quarterly to the tax bills for the HS/ Middle School renovations won't help obviously. Election tomorrow. But whom among the candidates speaks to the real issues? I don't see any. Have to reign in spending, but they all want to spend more! Very sad that not one candidate is bold enough to say $300 per quarter may be more than many can afford. But I haven't heard that. There's more to a community than just the schools. People have to be able to sustain their lives in a depressed economy. We could use a little help from elected officials. To whom will be elected tonight, please remember those that are less fortunate in our community. That is who you actually must serve. You can revisit any and all past decisions. Be a leader, not just a vote.
Fred Chalmers May 08, 2012 at 03:26 PM
This sucks on many levels. I can substitute Moynihan's and Reading Lumber for the stuff I used to get at Spartan's, but I'm a Sears/Craftsman guy, so now if I need a part or accessory, it'll mean a trip to Saugus or go the mail-order route. I really feel bad for the remaining small businesses, especially Carr's Hallmark. With Play It Again moving to Spartan's and now with Sears gone, foot traffic will be almost non-existent.
Fred Chalmers May 08, 2012 at 03:28 PM
That would be sweet. It would draw other businesses and bring that mall back to life, plus it would jam it right up S&S's arse :^)
Richard Hedd May 08, 2012 at 06:30 PM
It's sad to see frustrated people being so narrow minded and myopic. This isn't resulting from any influence within NR, this is the national market- economy at work. If Sears or any National chain is not able to keep up with shopping trends, changes in technology, changes in attitudes, they will go out of business. If you attempt to pin this on anything that the town has done, or not done, you are showing a deep lack of understanding, and the simple minded approach that over simplifies a situation for one's own agenda. BTW, if you do math properly, then you would not being spreading more mis-information about the schools. The School cost is $1.55 per $1000. As you just claimed the average house cost is 395K, that mean it is $612 a year or $153 per Quarter. If your house is worth less, then the quarterly increase is less It is hard to take your comments seriously any more. Things might be tough, but the sky is not falling!
Chris Fuccione May 08, 2012 at 08:52 PM
It looks like this was a decision by Sears Holding to try and shore up profits and not the landlord. 3rd UPDATE: Sears Expected To Show Narrower 1Q Loss On Improved Sales http://online.wsj.com/article/BT-CO-20120501-713359.html
E May 08, 2012 at 09:39 PM
#1- Sorry to see it leave...great go to place for local home improvement folks. #2- There is zero chance that location was ever profitable. Way too much SF! Always devoid of customers excespt those of us picking up a drill bit... some birdseed or a few nuts and bolts. Sears is in a world of hurt. I predicted this closure years ago. #3- Once again NR loses out on commercial tax revenue!! The closure of Sears will now force my drive to Middleton, Woburn, Wilmington or Danvers for our last minute home improvement needs. We already do the longer drive to spend real money! #4- A modern sewer system on rt 28 will attract new businesses and increase property values. I wonder if the new septic system installed prior to Stop and Shop opening could handle a new food service tenant or two in the Sears space? E
Ed Canney May 08, 2012 at 09:42 PM
Richard Hedd...do your math. We negotiated w/the school committee years ago, 60-40. They would get 60% of the budget. If you do your math, Its far in excess of 60%. The Selectman annually give the schools 1M from the general government side. Its not misinformation, its a fact. This $1.55 per thousand you spouse is incorrect. Last week, the TA cut town hall employee benefits. To make more money available to the schools. You don't know what your talking about Mr. Hedd. A $300 increase per quarter is not narrow minded...its a very large bill!
Barry May 09, 2012 at 02:38 AM
Ed, Simply repeating misinformation does not make it true. The cost of the new school is $1.55 per $1,000 of valuation. In order for someone to pay $300 per quarter, they would have to have a house valued at $774,000. Somehow I'm not too worried about the ability of anyone with that kind of house to pay an extra $300 per quarter. As to your 60-40 split, with all respect, what you may have agreed to many, many years ago is irrelevant to a discussion of the town's current budget and current needs. If North Reading is so objectionable to you, you are free to leave.
Joe Veno May 09, 2012 at 02:47 AM
That is a great store. I hate to see it go.
Barry May 09, 2012 at 03:23 AM
You're right, Joe, but maybe there's room for OSJL?
Ed Canney May 09, 2012 at 04:24 AM
Barry... in my conversation with a current Selectman today, he stated the $300 per quarter increase was accurate for the average home. So if I'm repeating misinformation...its from an elected official! Your suggestion for my moving is what is objectionable. A very petty way to counter an argument. Respect for differing opinions is what debate is all about. If you have ever served in an elected position...you would know that. And may I add your previous comments demeaning Ms. Vacca were truly objectionable and unnecessary.
Barry May 09, 2012 at 04:47 AM
Ed, if you're not making that $300 per quarter figure up, then why don't you name the "current Selectman" who provided you with that information? That person (if in fact there is such a person) either misspoke, or must have stood idly by while misinformation was given to the public at the time of the election. (By the way, I'm guessing that it is the former, not the latter.) The information provided to voters was that the impact would be $1.55 per $1,000 of valuation, or $700 per year for the average house (based on an average assessement of $450,000). Don't hide behind anonymous sources to justify repeating misinformation. I'm sorry you found my suggestion objectionable, but you are a consistent critic of the town and particularly the school system. If you think you can do a better job running the town, you are welcome to run for office. But, oh, that's been done before, hasn't it?
robert foti May 09, 2012 at 09:41 AM
It was a good store and hate to see it leave, however whenever I went into the Sears, they were never busy and not many cars on that end of the parking lot.
DR May 09, 2012 at 01:58 PM
Ed ... Which member of the Board of Selectmen gave you this information? You are truely doing a disservice to the people of North Reading by continuing to spread misinformation. We get that you were not in favor of the school project. It is your right to continue to speak out against the project after it has passed. I'm not sure what good that will do other than raise your blood pressure. You are calling your own credibility in to question and possiblly slandering the Board of Selectmen in the process.
Bill McGarry May 09, 2012 at 02:56 PM
Shame...was a staple for me every weekend. Who's next to leave NR is the question. "we can't have a split tax rate....no businesses will make their home in NR"...how's that strategy working out for us?
Tony DelGreco May 09, 2012 at 11:11 PM
Bill and all other residents of our beloved North Reading!! Lets all stop complaining about economy and lack of buisness in the town, and start focusing on how to save the remaining buisness that still stand. Sewer is years away so what do we do? Spend local!! There are some people commenting on spending out of town. This is something that doesn't support our town and contributes to local shops closing. Lets band together and suppport local buisness to thrive not close. If owners and or CFO's don't change with the time's, when things or buisness models aren't working shame on them. Build on what we have and not the hope of things in the future, and lay down a concrete fondation for what is added, to thrive. Help local buisness grow don't handcuff them. Again spend local and lets bring the town back to life.
Bryan Scott May 10, 2012 at 02:35 AM
Here is a link to the Boston Magazine story on home values in town that was referenced in a previous comment. The drop to $395k was over 5 years, and represented a 7% decline. Given what has happened to home values in other MA towns, not to mention the rest of the country, a 7% decline is excellent on a relative basis and something we should be proud of. In fact, of all the towns listed in the Boston Magazine piece, the 5 year change in value of North Reading homes was the 35th best. It is a shame to see any business fail in our town, and I completely agree that Route 28 is an eye sore (could McDonalds be the best looking retail location?), but home values are stable here because of the great location, small town feel and excellent school system. If we keep that up, people will always want to live here, and good sustainable businesses will open, and hopefully improve the aesthetics of our section of Route 28. http://www.bostonmagazine.com/best-places-to-live-2012/single-family-homes/index.html
Fred Chalmers May 13, 2012 at 12:23 AM
Joe, this would be a much more workable location for an OSJL that the old S&S. Plus the OSJL haters can continue to wait with bated breath for someone to step forward with a plan for the old S&S location.
Phillius Thomas February 11, 2014 at 10:27 AM
That kinda sucks. It's sad when businesses go under, or has to close. I hope the people that worked there get new and good jobs elsewhere. Good on those that have, and for those that haven't, keep trying. http://www.ayersappliancerepair.net/appliance-repair-services/

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