Peoria Heights isn’t the only city to lose a Ben Franklin store this year. Folks in Adel, Iowa, will be losing their store in December, and residents of Derry, New Hampshire, just lost their store in April. Their stories are almost identical to the Ben Franklin here in town — mom and pop owners who want to retire and can’t sell the place, or increased competition from big box stores eating into profits. The Heights store had both pressures.
One former Ben Franklin store owner has had a big impact on the chain’s demise: Sam Walton. He got his start in business by opening a Ben Franklin Store in Newport, Arkansas in 1945. By 1962, Walton had abandoned Ben Franklin and opened his first “Wal-Mart Discount City.” Gaylon Spinney, owner of the Derry Ben Franklin store, blamed his store’s closure on the “escalating cost of business, along with a sagging customer base and increased competition from big-box stores, as making it impossible to stay profitable. ‘With major stores like Wal-Mart, HomeGoods and Staples moving in, our piece of the pie is just that much smaller.'”
According to the Derry (NH) article, “Ben Franklin Retail Stores Inc. was once an international chain with more than 300 craft stores and 530 variety stores, [but] the company filed for Chapter 11 bankruptcy protection in 1996. Since 1997, the stores have been licensed and independently owned.” Some of those stores have managed to stay profitable even with the big box stores’ encroachment, but it’s a labor of love on the part of the stores’ owners.
Chick and Betty Schwarzkopf own the Adel (IA) Ben Franklin store. “A business like Ben Franklin’s isn’t the kind of thing you can run as a hands-off investment, [Chick] Schwarzkopf says. ‘This type of business is very labor-intensive.’ It would be a good venture for a husband and wife team, he says, but not so good for somebody trying to make a profit by hiring a manager because the money isn’t there. Just like on a family farm, ‘you have to be involved, ‘he says. ‘You have to be part of the payroll.'”
I’m sure Marie and Jerry Hoerr, owners of the Peoria Heights Ben Franklin, would agree. They’ve poured themselves into the little variety store, and no one begrudges them their much-deserved retirement. Still, it’s too bad that some enterprising young couple couldn’t take over the store and keep it going for another generation. But I suppose that’s just wishful thinking in today’s retail climate. It’s funny that Schwarzkopf would liken his small variety store to the family farm — another enterprise that’s disappearing, unfortunately.
According to this website, which looks to be a little out of date, there are 211 Ben Franklin variety stores in the United States, including 11 in Illinois. After September 30, there will be just 10, and it looks like the nearest one to Peoria will be either in Decatur (unable to confirm whether this one is still open) or Gilman (definitely open), which is on US-24 (just off I-57) between Champaign and Kankakee. Too far to drive just to pick up some penny candy, but if you’re passing that way anyway, it wouldn’t hurt to stop in and enjoy a little nostalgia.