A difficult housing market and customers’ reluctance to spend on renovation initiatives have impacted the {hardware} and residential enchancment retail sector, affecting large retailers like Dwelling Depot and Lowe’s, in addition to their smaller opponents, akin to regional chain Chase Ace {Hardware}.
The influence on the sector led to depressed gross sales for a lot of retailers, together with Dwelling Depot, which reported a gross sales decline of three.8% in its fourth quarter of 2025, ending Feb. 1, 2026, although its annual gross sales nonetheless rose by 3.2%, in response to the corporate’s fourth quarter earnings name in February 2026.
The financial influence on smaller {hardware} retail chains has been extra intense as a number of have turned to submitting for chapter to restructure their money owed.
Chase Ace {Hardware} recordsdata for chapter
D&D Enterprise Group Inc., operator of the Chase Ace {Hardware} chain and Sprig Dwelling & Backyard shops in Northern California, filed for Chapter 11 chapter to reorganize its companies, in response to courtroom papers.
The Greenbrae, Calif.-based Ace {Hardware} and residential and backyard retailer operator filed its Subchapter V petition, No. 26-30496, within the U.S. Chapter Courtroom for the Northern District of California in San Francisco on June 4, itemizing $1 million to $10 million in belongings and liabilities.
The debtor didn’t state a particular purpose for submitting for chapter in its petition.
D&D Enterprise’s largest collectors embody Fremont Financial institution, owed over $1.05 million; SCG Marina Bay Enterprise Middle, owed over $383,000; Inner Income Service, owed $184,000; Bankers Healthcare Group, owed over $177,000; California Employment Growth Division, owed over $130,000, and Wells Fargo SBL, owed over $97,000.
Debtor operates Sprig Dwelling & Backyard
The debtor operates Chase Ace {Hardware} shops in San Rafael, Santa Rosa, and Pacifica, Calif., in addition to Sprig Dwelling & Backyard shops in Santa Rosa and San Rafael.
Chase Ace {Hardware} carries prime identify model {hardware} merchandise akin to Craftsman, DeWalt, Toro, Weber grills, and Benjamin Moore Paints.
Sprig, based in 2016 by three pals, carries California-style residence decor and equipment, in addition to vegetation, candles, paper merchandise, books, type, jewellery, wellness items, bathtub and lotions merchandise, and a youngsters part with child garments, plushies, video games, and retro toys.
Wren Kitchens filed chapter and closed
Different {hardware} chains have struggled in opposition to the big-box giants as effectively, together with main residence enchancment chain, Wren Kitchens, which operated shops and had showrooms in Dwelling Depot shops below a strategic partnership.
