Hanley Company Inc., a Sun Prairie fixture the past 80 years, is calling it quits.
Owner Tom Hanley announced the decision to his employees Friday.
A liquidation sale will begin within the week at the company's 641 W. Main St. location. The intent is to clear out all inventory -- hardware, merchandise and power sports eqiupment -- by July.
Hanley told his employees a slumping economy and smaller profit margins led to the decision to close.
Additionally, he predicted the upcoming project to reconstruct Main Street would reduce his business by 40 percent, a margin from which it would be hard to recover.
Mayor Joe Chase, who has been employed in the hardware store since January, issued the following statement to Sun Prairie Today:
"I saw trademen from every profession in the store. I saw employees from the Sun Prairie schools and from every City department; many people from the farming community surrounding Sun Praire, as well as, Beaver Dam, Marshall, Columbus, McFarland, Stoughton, etc.; many of the businesses on Linnerud stopped for supplies; horse owners by the dozens, and I could go on.
"The point," Chase wrote, "is that the economic impact of the closing of this company will be significant."
Hanley Co. was founded in 1928. Four generations of the family have been involved in its operation, which employed about 40 people.
Owner Tom Hanley announced the decision to his employees Friday.
A liquidation sale will begin within the week at the company's 641 W. Main St. location. The intent is to clear out all inventory -- hardware, merchandise and power sports eqiupment -- by July.
Hanley told his employees a slumping economy and smaller profit margins led to the decision to close.
Additionally, he predicted the upcoming project to reconstruct Main Street would reduce his business by 40 percent, a margin from which it would be hard to recover.
Mayor Joe Chase, who has been employed in the hardware store since January, issued the following statement to Sun Prairie Today:
"I saw trademen from every profession in the store. I saw employees from the Sun Prairie schools and from every City department; many people from the farming community surrounding Sun Praire, as well as, Beaver Dam, Marshall, Columbus, McFarland, Stoughton, etc.; many of the businesses on Linnerud stopped for supplies; horse owners by the dozens, and I could go on.
"The point," Chase wrote, "is that the economic impact of the closing of this company will be significant."
Hanley Co. was founded in 1928. Four generations of the family have been involved in its operation, which employed about 40 people.
