The house enchancment and {hardware} retail sectors have been dominated by Residence Depot and Lowe’s for many years, shoving {hardware} cooperatives True Worth {Hardware} and Ace {Hardware} out of the best way and disregarding impartial {hardware} retailers.
Residence Depot captured a mean of 29% of the house enchancment market within the third quarter of 2025, whereas Lowe’s adopted behind with 17% of the market, and Amazon had about 11%, in line with the Numerator Residence Enchancment Tracker.
Three retailers dominate 57% of market
With three nationwide retailers capturing 57% of the market, {hardware} cooperatives and small, impartial {hardware} shops are having difficulties staying in enterprise, together with retailers which have been in enterprise for over 50 years.
159-year-old Kreuger’s True Worth ironmongery store in Neenah, Wis., revealed in July 2025 that it might completely shut down its enterprise in 12 to 16 months after a liquidation sale.
One other iconic True Worth ironmongery store, 117-year-old Ritter’s True Worth {Hardware}, in Mechanicsburg, Pa., shut down completely on Sept. 30, 2025, and 56-year-old Carnation Ace {Hardware}, in Carnation, Wash., closed its enterprise endlessly on Oct. 25.
65-year-old Yakima, Wash.-based C&H {Hardware} closed down its impartial ironmongery store on Nov. 26, dealing with rising costs and issue competing towards on-line gross sales, in line with KIMA-TV 29.
Benjamin Brothers True Worth will shut its enterprise on Jan. 31, 2026.
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Benjamin Brothers True Worth closes down retailer
And now, 80-year-old Benjamin Brothers True Worth {Hardware} will completely shut its Tenafly, N.J., location on Jan. 31, 2026, the shop house owners revealed on their Fb web page.
“After 80 years of service, we have made the difficult decision to close our doors on January 31, 2026,” the corporate stated within the submit.
“We would like to express our sincere appreciation to our customers for their continued support and patronage throughout the years,” the ironmongery store stated within the submit. “It has been an honor to serve Tenafly and the surrounding communities, and we are deeply grateful for the memories, relationships, and experiences we have gained along the way.”
Extra closings:
- Informal Mexican restaurant chain closes extra places
- 79-year-old nationwide trucking firm closes down, no chapter
- 65-year-old Residence Depot rival shutters enterprise completely
“Thank you to everyone who has been a part of the Benjamin Bros. family. Your loyalty and support have meant more to us than words can express,” the submit stated.
The shop’s house owners didn’t point out a purpose for closing the ironmongery store.
Benjamin Brothers began as a lumber yard
Benjamin Brothers True Worth, which opened in Tenafly in 1946, started as a lumber yard and have become a {hardware} enterprise in 1963, NorthJersey.com reported. The ironmongery store is independently owned and operated and is a part of the True Worth {Hardware} Cooperative.
The Residence Depot and Lowe’s rival presents 28 totally different merchandise, together with {hardware}, lumber, hand instruments, energy instruments, plumbing, electrical, lighting, kitchen and tub, housewares, paint, garden and backyard, automotive, grills and equipment, pet provides, reward playing cards, and extra.
High Benjamin Brothers title manufacturers:
- Klein Instruments
- Dewalt
- Black & Decker
- 3M
- Benjamin Moore
- GE lighting
- Duracell
- Energizer
- DAP
- First Alert
- Grasp Lock
- Schlage
- Miracle-Gro
- Scotts
- Weber
Benjamin Brothers True Worth options 29 totally different manufacturers, together with Klein Instruments, Dewalt, Black & Decker, 3M, Benjamin Moore, GE lighting, Duracell, Energizer, DAP, First Alert, Grasp Lock, Schlage, Miracle-Gro, Scotts, Weber, and others.
Along with providing {hardware} merchandise, Benjamin Brothers offers quite a lot of companies, together with glass slicing, plexiglass slicing, key slicing, paint mixing, paint shade matching, propane supplied, product supply, and product meeting.
Benjamin Brothers merchandise
- {Hardware}
- Lumber
- Hand instruments
- Energy instruments
- Plumbing
- Electrical
- Lighting
- Kitchen and tub
- Housewares
- Paint
- Garden and backyard
- Automotive
- Grills and equipment
- Pet provides
- Reward playing cards
The ironmongery store is situated a few 15-minute drive from a Lowe’s in Paramus, N.J., and 20 minutes from a Hackensack, N.J., Residence Depot.
Benjamin Brothers True Worth discontinued all home accounts on Dec. 31, 2025, and stopped accepting returns on Jan. 1, 2026, in line with the Fb submit.
Benjamin Brothers companies
- Glass slicing
- Plexiglass slicing
- Key slicing
- Paint mixing
- Paint shade matching
- Propane supplied
- Product supply
- Product meeting
Associated: 70-year-old Mexican eating chain closes location, no chapter
