If they are liquidating now I would think the proceedings for bankruptcy have been going on for 12-18 months already. Sometimes a business owner hangs around too long. The time for these shops has long past.
Quincaillerie Moussette at 1561 Ontario E. celebrated 100 years in business a few years ago. They're still going strong, but they are a rarity. https://www.youtube.com/watch?v=7SHtQHPEZxw