Well, another "traditional" hardware store bites the dust. According to this story in The State, the same owners had to close one in Blythewood around the same time. The reasons look to be the usual ones: The economy in general, and the rise of the big box stores
This store in particular I think would have been hard hit by the later as both Lowes and Home Depot are in very close proximity.
(Hat tip to commenter Jason for the heads-up and commenter Javier for the closing date)