Hardware store Ace Hardware is a chain of retail stores in New York City.
The company is known for its handcrafted and retro clothing, which can often be found in thrift stores and flea markets.
Ace Hardware has been in business since 2008.
The retailer recently announced plans to expand into a new location in Chicago.
The company has also had a hard time attracting new customers.
Ace is struggling to compete with smaller retailers like Best Buy and Staples, which have also been hit hard by the Great Recession.
The chain has also struggled to keep up with the growing popularity of smartphones.
Last year, Ace announced plans for a new store in Chicago and plans to open a new outlet in Boston this year.
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