Arrow Ace Hardware, an anchor of Byron Towne Square shopping center, will close this summer.
The store at 1067 Fourth St. NE in Byron is starting its "Going Out of Business" sale today, said owner Dave Neiman. Arrow Ace was one of the first businesses to open in Byron Towne Square, right after construction was completed in 2004.
Arrow Ace owns four Rochester stores, as well as ones in Owatonna, Northfield, Mankato, Shakopee, Chaska and St. Peter.
Neiman said the Byron store's lease was coming up, so they took the opportunity to evaluate the company's strategy in southeastern Minnesota.
"We decided that we want to concentrate our efforts in Rochester. We're having great success in the Rochester market, so we want to continue to capitalize on the growth we are seeing there," he said.
The Byron store will remain open through the Going of Business sale, which may last a few weeks.
Arrow Ace has eight employees in Byron and the company is offering those employees jobs at the four Rochester stores, Neiman said. Arrow, which employs about 40 people in Rochester, has stores in Miracle Mile Shopping Center, Crossroads Shopping Center and Silver Lake Shopping Center and a stand-alone store on 37th Street Northwest.
Oak Brook, Ill.,-based Ace, which supplies the locally-owned stores as cooperatives, now has more than 4,600 locations. It does more $13 billion in sales.