Jun 28 2012

Westlake Hardware to Close Store in St. Charles, Mo.

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LENEXA, Kan. June 28, 2012 — Westlake Ace Hardware announced today it will not renew the lease for its store in St. Charles, Mo. The last day of business for the store, located at 1920 Zumbehl, will be July 1, 2012. Company officials stated that financial performance has not been at the level necessary to enter into a new long term lease agreement.

“We regret we will no longer be able to serve the St. Charles community, however we continue to be committed to the St. Louis market with our two other stores in Brentwood and Crestwood” said George Smith, CEO of Westlake Hardware. “We want to sincerely thank our associates in these stores for all their hard work. Because of our commitment to our associates, we are working hard to support the store teams through the transition period.”

Westlake Ace Hardware has been operating hardware stores in Missouri and several other states for more than a century. The greater St. Louis area is home to several Ace hardware locations, including two additional stores owned by Westlake. The decision to close the St. Charles store will not impact other stores in the St. Louis area.

“Westlake Hardware is strong and well positioned for future growth. Keeping our store portfolio healthy and vibrant is a top priority for our company,” added Smith. “Though closing a store is never an easy decision, it allows us to redeploy assets, open new stores, implement exciting merchandising programs, and invest capital in existing locations.”

Westlake Ace Hardware was founded in 1905 and today operates 88 neighborhood hardware stores in Missouri, Kansas, Nebraska, Iowa, Oklahoma, Texas and New Mexico. Westlake is the largest member of the Ace Hardware Cooperative, giving the company access to over 70,000 items. Westlake product categories include traditional hardware categories such as fasteners, tools, plumbing and electric supplies and paint. Westlake also offers a wide range of lawn and garden products and operates large Garden Centers adjacent to many of its stores.

For more information about the company, or to find the Westlake location nearest you, please visit westlakehardware.com.

Corporate Contact: Liz Benditt, 913.888.8438

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