No, everyone just goes to Lowes - yes they had Lowes in colonial times in Deleware.
As for companies that do blacksmithing, not a great number of them. Blacksmithing was some what pushed aside by the modern day welding shops, but the fact that there are still blacksmith shops and the number is growing but most blacksmiths today usually specialize in one thing, such as ornamental iron work, artistic iron work etc.
Many, probably most, blacksmiths worked on the manorial estates. There is a lot of call for everything from horse shoes to scythe blades on the manors. The smithies were often at the edge of villages. There may have been smithies in towns, but finer work was done by people with a greater level of specialization that blacksmiths, and so the shops in town would tend to be of a different sort. For example, cutlers made spoons, knives, forks, and other kitchen and dining tools, and armorers made armor, swords, and arrow heads.
In Fable 1 and Fable TLC you can steal from the shops. In Fable 2 you can get jobs in a couple of places. The blacksmiths will hire you to forge swords. You can be a woodcutter or a bartender. The lower levels not pay too well, but as you progress you get more gold. The higher levels are a good way to make a quick few bucks.
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