Another Home Depot rival files for Chapter 11 bankruptcy | Official Website of Louis Velazquez, entrepreneur, finance guy and tech innovator

The home improvement retail sector has been dominated by Home Depot and Lowe’s for decades, creating fierce competition for local and regional rivals.

In recent years, Amazon has flexed its muscle in the home improvement sector, finishing a close third place among the companies in the first quarter of 2025, as the three retailers combined for about 59.8% of all consumer spending in the industry.

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Home Depot attracted about 27.2% of the market, Lowe’s grabbed 17%, and Amazon accounted for 15.6% in the first quarter, according to Numerator’s Home Improvement Tracker.

With almost 60% of the market gobbled up by just three retailers, all other home improvement retailers across the country vie for the remaining business, which has not been sufficient to keep some companies above water to avoid filing for bankruptcy.

Several home improvement retailers faced financial distress and bankruptcy filings over the last year as they navigated rising labor and product costs driven by inflation, rising interest rates, and negative effects from increased tariffs on imported goods.

Home improvement retailers file for bankruptcy

LL Flooring on Aug. 11, 2024, filed for Chapter 11 bankruptcy protection seeking a sale of its assets, after suffering from headwinds in the housing, repair, and remodeling markets that occurred when the Covid pandemic subsided, court papers said.

The flooring retail chain agreed to a sale of its assets and distribution center to a subsidiary of private equity firm F9 Investments for a purchase price including a $1 million fixed amount, an inventory price of 57% of landed cost value of acquired inventory, and assumed cure costs.

The parent company of home improvement retailer Gardener’s Supply Company filed for Chapter 11 bankruptcy protection on June 20, seeking to sell its assets to a stalking-horse bidder as it faces financial distress.

Gardener’s Supply’s parent and the lead debtor, America’s Gardening Resource Inc., and four affiliates Gardener’s Home LLC, Innovative Gardening Solutions Inc., IGH Inc., and Serac Corporation, listed $1 million to $10 million in assets and $10 million to $50 million in liabilities in their petition.

Home improvement retail and wholesale company Mosaic Companies LLC, a leader in the surfaces industry for luxury wall and mosaic tile, floor tile, and stone slab, on July 8, 2025, filed for Chapter 11 bankruptcy protection with plans to sell certain of its assets and wind down and liquidate other remaining businesses.

McCammons Irish Market files for bankruptcy protection.

Image source&colon; Getty/TheStreet

McCammons Irish Market files for bankruptcy

Finally, Home Depot rival McCammons Irish Market LLC, which competes for the garden center business, filed for Chapter 11 bankruptcy protection to reorganize and restructure its debts.

The suburban Indianapolis garden center operator with locations in Greenwood and Brownsburg, Ind., filed its petition in the U.S. Bankruptcy Court for the Southern District of Indiana on July 17, listing $1 million to $10 million in assets and liabilities.

More bankruptcy:

The debtor’s largest creditors include a company referred to as NewCo, owed $262,000; nursery supplier McHutchinson, owed $146,000; and Eason Horticulture, owed $137,000. Other creditors include Lincoln Nurseries, Monrovia, Sester Farms, and Willow Bend Nurseries.

The debtor’s Subchapter V petition indicates that funds will be available to distribute to unsecured creditors.

McCammons sells high-quality flowering and vegetable plants, perennials, annuals, ground covers, herbs, tropical plants, flats, and hanging baskets. The garden center also sells evergreen, shade, ornamental, and fruit-bearing trees and shrubs.

The company’s website lists 30 different trees that it will install for as low as $125 each.