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Asolica > Blog > Finance > 55-year-old Residence Depot rival chain retailer closes, no chapter
Finance

55-year-old Residence Depot rival chain retailer closes, no chapter

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Last updated: February 25, 2026 8:52 pm
Admin
3 months ago
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55-year-old Residence Depot rival chain retailer closes, no chapter
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When customers have a right away {hardware} want, resembling a fluorescent gentle tube for the kitchen, varied fasteners, or adhesives for a restore, a fast journey to the native retailer might be probably the most handy answer.

Contents
  • Residence Depot takes 28% of the market
  • Longstanding {hardware} shops shut
  • Workbench True Worth closes location
  • Workbench True Worth consolidates
  • High residence enchancment retailers

Most communities have an impartial ironmongery shop or an Ace {Hardware} or True Worth {Hardware} chain retailer to satisfy clients’ wants.

In some instances, it is extra handy to go to a Walmart for sure {hardware} items. The retail big has a reasonably good choice of {hardware} gadgets, like that fluorescent gentle.

If a shopper is looking for extra choices for {hardware} or residence enchancment, they typically flip to Residence Depot or Lowe’s to choose up an merchandise. In the event that they don’t want the merchandise instantly, they will all the time buy it on-line at Amazon and await the supply.

Residence Depot takes 28% of the market

The three {hardware} and residential enchancment giants dominate the trade with Residence Depot capturing about 28% of the house enchancment gross sales quantity in 2025, Lowe’s producing 17% of the trade’s gross sales, and Amazon grabbing about 11% of gross sales, in line with the Numerator Residence Enchancment Tracker, which was up to date on Feb. 4.

True Worth {Hardware} and Ace {Hardware}, which function as cooperatives, and impartial retailers have had issue competing for the remaining 44% of the market.

Longtime group {hardware} shops which were open over 50 years are struggling to remain open.

Longstanding {hardware} shops shut

Unbiased ironmongery shop C&H {Hardware} of Yakima, Wash., which operated for 65 years, shut down completely in November 2025, citing issues competing towards decrease on-line costs.

“This year has been tough because everybody’s buying online now,” C&H retailer proprietor Jay Fleck mentioned earlier than closing down. “You can get stuff online cheaper than you can come in and pay us.”

Additionally, 53-year-old Blossom True Worth {Hardware} will shut its doorways for the ultimate time in summer time 2026 when its lease expires, the shop’s proprietor introduced.

The Mountain View, Calif.,-based ironmongery shop will completely shut, after struggling a lack of about half of its enterprise for the reason that Covid-19 pandemic subsided, longtime retailer proprietor Paul Zeitman instructed Mountain View Voice.

Zeitman blamed the enlargement of e-commerce, rising prices from tariffs, and unaffordable hire for its choice to not renew its lease in the summertime.

“Every year is worse than before. People are buying less and less,” Zeitman mentioned.

55-year-old Residence Depot rival chain retailer closes, no chapter
Workbench True Worth {Hardware} will shut a retailer and consolidate operations in one other close by location

Shutterstock

Workbench True Worth closes location

And now, Pleasanton, Calif.-based Workbench True Worth {Hardware} with a number of places is closing its 55-year-old retailer on Santa Rita Street and consolidating its operations at its downtown location on Essential Avenue, which it opened in 2013.

The long-lasting ironmongery shop location, which opened in 1970, will shut its doorways for the final time on Feb. 28, Pleasanton Weekly reported.

Workbench True Worth {Hardware}’s proprietor, Fred Nichandros, mentioned he all the time deliberate to shut the Santa Rita retailer and broaden operations a mile away on the Essential Avenue location.

“Over the years, the business has been shifting to Main Street so at this time it makes sense to consolidate them,” Nichandros instructed Pleasanton Weekly.

Extra closings:

  • Bankrupt restaurant chains completely shut well-liked places
  • Main retail chain closes 35 shops nationwide, no chapter
  • One other main retail chain closes warehouse operations

The Santa Rita retailer, nonetheless, developed a powerful and dependable clientele, which has remained robust through the years, as individuals loved buying on the location.

The recognition of the shop and its robust enterprise efficiency prevented the proprietor from closing it over the past 13 years.

“We weren’t planning to keep that store open when we opened Main Street,” Nichandros mentioned relating to the Santa Rita retailer.

Workbench True Worth consolidates

A change within the {hardware} market, with extra clients buying on the downtown retailer, satisfied Nichandros to consolidate the shops.

“Business has been moving over to Main Street over the years and it’s finally reached a point where…it’s time to put them together, which is what we’ve been trying to do from the get-go,” Nichandro mentioned.

“We’re going to complete our original plan of working out of that store,” he mentioned.

The Essential Avenue retailer is twice as massive because the Santa Rita retailer and can supply extra companies, instruments, and total {hardware} wants than the older retailer, Nichandros mentioned.

“It’s not like they’re losing a hardware store,” Nichandros mentioned. “Our goal was to make (the Main Street store) bigger to be able to have more room for merchandise space.”

High residence enchancment retailers

  • Residence Depot, 28% of gross sales in 2025
  • Lowe’s, 17% of gross sales in 2025
  • Amazon, 11% of gross sales in 2025

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