Another Home Depot hardware rival files Chapter 11 bankruptcy

Chase Ace Hardware filed Chapter 11 bankruptcy due to a challenging housing market and consumer reluctance to spend on renovation projects. The hardware and home improvement retail sector has been impacted, affecting retailers like Home Depot and Lowe's. Home Depot reported a 3.8% sales decline in its fourth quarter of 2025. The company's annual sales still rose by 3.2% in 2025.