The home improvement sector has struggled with financial distress this year, leading iconic retail chains to file for bankruptcy and close stores, or in one case, just close all stores and not file bankruptcy.

Long-time hardware retailer True Value announced Monday it has filed for Chapter 11 bankruptcy and is entertaining a bid to sell its assets to competitor Do it Best.

Commercial-truck parts maker Accuride Corp. filed for Chapter 11 bankruptcy protection after the company burned through cash amid a freight industry recession in the US.