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Another naive guy wiped out by simultaneous convergence of COVID, Amazon and Home Depot.
How is any small retailer, restaurant, or service provider supposed to react to serious and unforeseen economic and labor disruption? No one alive today [or very, very few] has ever seen times like this. Businesses forced to close, vacant unkept buildings littered throughout our city, angry groups vandalizing and destroying buildings and threatening the very existence of history. It has always been known that entrepreneurs have been the support of our economy. We now face the perils caused by mismanaged handouts by our inept government leaders. Let’s Go Brandon.
Imagine if we had taken the pandemic seriously in the beginning…..
Buildings were vandalized for like 2 days when Trump was in office and before Trust Hardware even expanded.
Never let the truth get in the way of a good 45-style rant!
What did Trump in office have to do with BLM/Antifa Violent Riots. How about the Mayor and to less extent Governor failed to allow the complete looting and destruction of businesses in Indianapolis?
Regardless of reasons, faults or blame; it is a shame to see a hardworking person with a plan and dream end up in a situation of possibly losing all of their assets that they worked many years to build up.
Adam,
I regret that his situation di not work out for you and hope you are able to find a way to reach a settlement that will prevent you from suffering devastating financial losses.
Agreed. Retailing is a tough gig under most circumstances but these days its got to be a nightmare. I visited the Mass Ave store several times and was glad to see it in the neighborhood. The problem is, we need many more people like Adam willing to invest time, energy and money to improve the local retail environment. But who wants to take a chance when you could end up with a heartless landlord eager to take you to the cleaners if things don’t work out, and have you pay for his lawyers to squeeze every last dime out of you. The guy gave it a shot in good faith. It didn’t work out. Have a little compassion rather than driving him out of business completely.
Christine,
What could “government” have done to help Trust Hardware more than it did?
These comments make me wonder if I am subscribed to a business journal or if Nuvo came back to life? Sorry Becky, landlords tend to frown on tenants that stop paying rent 6 months into a 5 year lease. The Binford store didn’t make it 1 year and the Mass Ave didn’t make it 6 months. Clearly a horrible business plan and an owner that is naive at best. He’s quoted as blaming winter for one of the closures. In the worst labor market in 80 years he thought he could staff a hardware store 24 hours a day. This is just the market doing its job and sorting out business with asinine business plans.