Huge home improvement company files Chapter 11 bankruptcy

The home improvement services provider filed for Chapter 11 bankruptcy seeking a sale of its assets.

Mar 17, 2025 - 22:09
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Huge home improvement company files Chapter 11 bankruptcy

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.

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