True Value

Retail
True Value Appoints Kempa CEO

True Value said that its current chief commercial officer, Chris Kempa, has been promoted to CEO to replace John Hartmann, who had been chief executive since 2013.

Retail
True Value Shines A Light On Community Support

Across the U.S., independently owned and operated True Value hardware stores are joining True Value Co.’s Shine-A-Light campaign by hanging decorative lights in their store front in an expression of goodwill, hope and solidarity, the company reported.

Retail
North American Hardware Association: Independent Stores Should Stay Open

In a letter signed not only by the president of the association but also by major North American retailers, distributors and cooperatives, the North American Hardware Association asked authorities to allow independent hardware stores to remain open even as other retail and food service establishments are restricted due to the COVID-19 outbreak.

Home Improvement Trend Report
Redefining The True Value of Independents

This is the eighth installment of a special series, presented by the National Hardware Show, exploring key trends and developments driving the growth of housewares and home goods in the home improvement retail business.

True Value President and CEO John Hartmann provided the keynote address at the recent National Hardware Show. In an exclusive interview with HomeWorld Business, Hartmann outlined how True Value’s recapitalization a year ago transformed its co-operative corporate structure, fueling reinvestment in its independent hardware store members while recharging its marketing and strategy for new generation of first-time home owners and do-it-yourselfers.

Other
Home Improvement Spotlights Housewares

The 2019 National Hardware Show in Las Vegas (May 7-9) marks the 14th year for HomeWorld Business as the show’s official housewares publication. The partnership reflects the commitment by the show to keep housewares in the home improvement retailing spotlight.

Retail
True Value, ACON Complete Investment Deal

True Value Company and ACON Investments have finalized a new strategic partnership, which the companies said will accelerate the transformation of True Value and create the only branded national hardware wholesaler without a membership requirement.

Retail
True Value, ACON Strike Investment Deal

True Value Co. and ACON Investments, a private equity investment firm, have entered into a definitive agreement based on a major strategic investment in the retailer-owned cooperative’s operating company.

Financials
True Value Comps Rise In Q3

True Value Company reported that retail comparable store sales were up 3.3% for the third quarter. The hardware store cooperative’s Destination True Value retail formats posted retail comparable sales growth of 4.2%.

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