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Arrow Hardware & Paint stores has closed four of its seven southern Minnesota locations, allowing owner Dave Neiman to gradually ease into semi-retirement with a more manageable number of stores to look after.
“I’m 68 years old. I moved to Florida,” Neiman told the Rochester Post Bulletin. “It’s just too hard to run that many stores when I live in Florida. I’m at a time in my life when I want to start slowing down a little bit.”
Stores in Northfield, Owatonna and two in Rochester closed Dec. 30, following liquidation sales.
His lease in Owatonna has been picked up by Joe and Kathryn Donahue, owners of Faribault Ace Hardware, Faribault, Mn., who will remerchandise under Ace and reopen early this year as Owatonna Ace Hardware. Longtime Faribault employee Tyler Swenson will serve as general manager in Owatonna and eventually earn a stake in ownership.
Neiman said he also has an undisclosed tenant poised to take over in Northfield.
Arrow will remain open in St. Peter, Shakopee and St. Cloud. Neiman founded Arrow in 1985 when he acquired Don’s Ace Hardware, St. Peter.