Home Depot rival files for Chapter 11 bankruptcy to sell assets
Home improvement retail and wholesale supplier files for Chapter 11 bankruptcy to seek a sale of its assets and wind down its business.
The house enchancment swap benefited from an magnify in business generated by attain-it-your self customers in 2020 at some stage within the Covid-19 pandemic, which used to be brief-lived as gross sales plummeted when the pandemic subsided.
As soon as home owners returned to their jobs and other actions, and never had time on their fingers for house enchancment initiatives, house enchancment outlets skilled a decline in gross sales.
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