McGinnis Hardware closes after 146 years | Business

A sixth-generation family hardware business is shutting it’s doors after 146 years of service due to a difficult economy and corporate competitors.

According to the Commercial Appeal, Jan Russell, part owner and manager, said sales have been on a steady decline over the past couple years as competition from larger hardware franchises cut into the store's profits.

"It's tough to watch it wither and die," said family member Jeff Russell. "It's painful and it hurts. It feels like a death in the family."