Huge home improvement company files Chapter 11 bankruptcy
The home improvement services provider filed for Chapter 11 bankruptcy seeking a sale of its assets.
Home improvement companies and retailers have faced macroeconomic challenges over the last five years since the Covid-19 pandemic with sluggish home sales contributing to a decline in business.
A combination of rising interest rates, higher home prices, and fewer homes on the market has discouraged consumers from buying homes, which affects tertiary businesses that benefit from real estate sales.
