The house enchancment and {hardware} retail sectors confronted a difficult yr in 2025, as gross sales suffered from a continued housing droop and customers’ reluctance to spend in unsure financial situations.
Trade chief Residence Depot’s gross sales declined by 3.8% in its fourth quarter of 2025, ending Feb. 1, 2026, although its annual gross sales rose by 3.2%.
“For the fourth quarter, our results were largely in-line with our expectations, reflecting the lack of storm activity in the third quarter and ongoing consumer uncertainty and pressure in housing,” CEO Ted Decker mentioned in an announcement relating to Residence Depot’s fourth quarter outcomes.
Residence Depot dominates the sector
Residence Depot dominated the house enchancment sector with 28% of the market in 2025, with Lowe’s capturing 17% of the market and Amazon producing 11% of the sector’s gross sales, in keeping with the Numerator Residence Enchancment Tracker.
The remaining {hardware} and residential enchancment retailers compete for the opposite 44% of the enterprise
Unbiased {hardware} shops and cooperative chains like Do it Greatest, Ace {Hardware}, and True Worth {Hardware} are additionally going through financial challenges, in addition to excessive competitors from main big-box residence enchancment facilities like Residence Depot and Lowe’s.
Retailers have made financial selections to shut their shops after they can not compete, cannot discover a purchaser to take over their enterprise, or have determined that it is time to retire.
Miller’s {Hardware} in Winter Park, Fla., has determined to shut its enterprise after liquidating its stock, which needs to be accomplished by the tip of Could 2026.
Shutterstock
Miller’s {Hardware} closes down retailer
80-year-old Residence Depot rival Miller’s {Hardware} is closing its iconic Winter Park, Fla., retailer after the family-operated enterprise homeowners determined it was time to shut the institution, Fox 35-TV in Orlando reported.
Miller’s {Hardware}, which opened for enterprise in 1945 in a Ben Franklin selection retailer on Park Avenue in Winter Park , moved to its present 13,000 square-foot location on Fairbanks Avenue shortly after starting its enterprise, WESH-TV reported.
Third technology operates household’s retailer
The ironmongery store is owned and operated by Steve Miller, who’s the third technology of Miller household homeowners to run the shop. Miller’s son, Clay, anticipated to be the fourth technology to finally take possession the corporate with plans to develop operations, in keeping with Steve Miller.
The corporate bought a second retailer as a part of the start of growth, however Clay Miller unexpectedly handed away in 2019, ending the {hardware} chain’s plans to develop, in keeping with Fox 35-TV.
Firm closed one other retailer
Miller’s {Hardware} already closed the second retailer that it had opened, and the household has now determined it is not going to proceed to function the flagship retailer.
The homeowners didn’t point out whether or not they had tried to promote the shop as a substitute of liquidating. There was additionally no indication of whether or not the shop was having any monetary difficulties, and the corporate has not filed for chapter.
The Do it Greatest cooperative retailer mentioned it’s liquidating its stock at low cost costs, in keeping with its Fb web page.
Miller’s options main {hardware} and residential enchancment manufacturers, together with DeWalt, Milwaukee, Rust-Oleum, Scotts, SharkBite, Stanley, Traeger, Black and Decker, Weber, Talent, Miracle Develop, and Ortho.
The ironmongery store has not set a ultimate date of operation but, although the corporate reportedly expects to shut by the tip of Could 2026 and promote the property.
Do it Greatest retailer closes
One other Do it Greatest {hardware} cooperative member Central Middle {Hardware} in Chillicothe, Ohio, completely shut down its retailer on April 10 after working for 49 years.
“Navigating the recent retail landscape has presented significant challenges, and we have made the difficult decision to close our doors,” Central Middle {Hardware}’s proprietor Mark Weisenberger wrote on its Fb web page.
Associated: Excessive-end steakhouse chain information Chapter 11 chapter
