Content about True Value Co.

May 15, 2013
True Value Co. gross billings slip 0.9% in first quarter

Chicago-based True Value Co. reported first-quarter gross billings of $443.3 million, down 0.9% from the same quarter last year.

A nearly non-existent spring in many parts of the country hurt sales. The company also explained gross billings were affected by a decline in lumber and building material vendor direct-ship sales.

"While winter-related product sales exceeded the prior year, the general lack of spring weather this March versus last year was too much to overcome," said Lyle Heidemann, president ad CEO. 

April 5, 2013
True Value posts gains in full year and fourth quarter

CEO Lyle Heidemann describes 2012 as “one of the most profitable years in the company’s history.”

March 15, 2013
Pet projects on display in Atlanta

ATLANTA — Pets, paint and credit figured prominently at the True Value Spring Market here.

March 6, 2013
True Value updates its paint offering

New paint in new packaging is in the works at True Value Co., as its interior and exterior paint lines get a makeover.

February 25, 2013
True Value rolls out credit card with rewards

After completing the planning and the soft launch, True Value Co. plans to launch its credit card program for consumers in stores beginning March 7.

September 21, 2012
Live from Utah: Top 10 retail keys

Salt Lake City – The good news about True Value’s Top 10 list of things retailers have to do to win in today’s world is that many retailers are already doing them.

The bad news is that the list might change.

August 10, 2012
Alliance, True Value sign agreement

True Value Co. has signed a long-term agreement with Alliance Data Systems Corp. to create and manage turnkey private label, co-brand and commercial credit card programs.

The co-brand credit card program is Alliance Data's first Discover card product to utilize the Discover network and its millions of merchant locations. All credit card accounts will be consistent with Alliance Data's traditional credit quality standards.

August 7, 2012
Farm & ranch category helps Q2 results at True Value

True Value Co. reported revenue of $536 million for the second quarter, an increase of 1.2% from $529.5 million for the same period a year ago. The Chicago-based co-op posted a quarterly net margin of $22.2 million for the quarter, an increase of 1.8% over $21.8 million one year ago.

July 29, 2012
True Value and Epicor expand alliance

Epicor Software Corporation and True Value Co. announced the continuation of an agreement naming Epicor as True Value's recommended Epicor Eagle point-of-sale (POS) solution provider. 

This three-year agreement provides more of True Value's retailers the opportunity to benefit from Epicor solutions, according to the companies.

May 10, 2012
True Value brings rental ideas to Midwest demo day

True Value Co.’s rental team brought together more than 100 supplier representatives, rental operators and store associates to take part in its second regional Rental Demo Day event in Menomonee Falls, Wis.

April 9, 2012
True Value signs new three-year deal with ECi

ECi Software Solutions announced that ECi RockSolid POS has entered into a new three-year agreement with Chicago-based True Value Company. 

The software solutions provider said that the deal will allow more True Value retailers to benefit from RockSolid POS.

“We are very excited about this new partnership with True Value,” says Scott Stanford, President of the ECi LBMH division. “This is a great opportunity to reach out to more True Value retailers with a software solution that is affordable and a team to support their needs.”

February 20, 2012
True Value Co. names 'best in town' list

From coast-to-coast to yet another coast, Chicago-based True Value Company recognized 14 True Value hardware stores as winners of its annual "Best Hardware Store in Town" award.

This year's list included a Bermuda retailer, marking the first time a member outside of the United States was honored by the award.

“Our vision is to help every True Value be the ‘best hardware store in town,’ and these 14 stores represent what it takes to exceed customer expectations,” said Lyle Heidemann, president and chief executive officer of True Value Co.

February 13, 2012
At rental event, True Value honors top suppliers

At The Rental Show in New Orleans, the Chicago-based hardware co- op True Value Co. recognized its partners that make rental successful.

Toro Company, Hilti and Warner Shelter Systems received special recognition.

November 16, 2011
True Value and Husqvarna host demo day

True Value Co. and Husqvarna completed their first southeast regional Rental Demo Day event, held earlier this month at BullHorn Ranch in Liberty, N.C. 

More than 100 suppliers, rental operators and their associates participated in the event, kicking off the buying season and demonstrating a renewed interest in the industry despite the challenging economy, according to the companies.

November 1, 2011
True Value reports strong third quarter

True Value Co. reported revenue of $445.7 million for the quarter ending Oct. 1, an increase of 3.6% from $430.2 million for the same period a year ago. The cooperative posted a quarterly net margin of $18.1 million, an increase of 3.4% versus $17.5 million one year ago.

September 28, 2011
True Value's top merchant points to winners

With the message that relevant, up-to-date assortments are the lifeblood of successful hardware retailers, True Value Co.'s Mike Clark, senior VP and chief merchandising officer, identified winners during his presentation at the co-op's Fall Market in Philadelphia.

Clark also introduced the Chicago-based co-op's initial Farm & Ranch assortments.

True Value's farm and ranch offerings range from towing, jacks, oil and air filters, electric fencing, baler twine and Miller plastic buckets, to name a few.

September 25, 2011
In Philadelphia, True Value CEO sees growth

Philadelphia -- True Value Co. CEO Lyle Heidemann presented some positive numbers during the co-op's Fall Market general session, as he encouraged members to remain visible to their customers.

Speaking here Friday morning at the Pennsylvania Convention Center, site of the company's fall market, Heidemann pointed to positive recent sales gains across the co-op. Since the third week of May -- a starting point selected because it was the beginning of this year's delayed spring -- retail sales are up 4.3% at True Value, with every department positive, he said.

September 22, 2011
True Value Co. members head to Philadelphia

Chicago-based True Value Co.'s September market kicks off bright and early Friday morning with a 7:30 a.m. general session in the City of Brotherly Love.

The Sept. 23 to 25 event at the Philadelphia Convention Center also includes a Retail Best Practices Conference today, Sept. 22. 

One of the highlights of the event will be a display and demonstration of a small-format Destination True Value store, which will be open all hours of the market, with guided tours throughout the day. 

August 31, 2011
For True Value, new tools and destinations

True Value CEO Lyle Heidemann offered some friendly advice to a reporter recently. “Bring your camera to Philadelphia this year,” he said. 


Philadelphia is the site of the Chicago-based co-op’s Fall Market, Sept. 23 to 25. Here, True Value will be displaying its Destination True Value store design and format for smaller stores. In the Philadelphia and nearby East Coast markets, the co-op is expecting strong attendance from dealers with smaller-than-average footprints. 


August 5, 2011
True Value Q2 revenue up, profit down

Chicago-based True Value Co. has reported revenue of $529.5 million for the second quarter ended July 2, up 0.4% from $527.5 million in the same period a year ago. Net margin totaled $21.8 million, down 16.8% from $26.2 million in the second quarter of 2010.

July 17, 2011
True Value launches DIY True Stories contest

Reaching into the realm of social media marketing, True Value Co. is rolling out a a DIY True Stories contest on Facebook. 

Through Aug. 15, DIYers will have the chance to submit details regarding their wildest home improvement endeavor. 

July 10, 2011
True Value recognizes vendor achievement

Eleven companies were recognized during True Value Co.'s annual vendor award banquet, including a "service provider of the year."

The full list of winners are as follows:

July 5, 2011
Pentair recognized by True Value

Pentair has been recognized as True Value Company's 2010 Partner of the Year.

The award was announced at the Chicago-based co-op's annual vendor award banquet in Chicago.

Pentair, which makes water-management products including Flotec pumps, said the award was based on "a 35% increase in retail sales at point-of-sale, margin expansion, consistent shipments with on-time/complete delivery rates at 95% or better, and participation in several key retailer-support programs."

 

 

May 17, 2011
True Value hires former Timberland CIO

Chicago-based True Value Co. hired a new chief information officer responsible for leading the co-op's information technology team and managing the co-op's retail and enterprise systems.

Prior to joining True Value, Rosalee Hermens was CIO for The Timberland Co.

April 29, 2011
Mahurin’s next stop: Orchard Supply Hardware

Steve Mahurin, the former Home Depot and True Value Co. merchandising executive, will take over as the senior merchant at San Jose, Calif.-based Orchard Supply Hardware.

Mahurin's appointment as executive VP and chief merchandising officer takes effect May 2. He will replace Steve Olsen, who has been named senior VP and chief strategy officer for the California hardware chain. Both men will report to Mark Baker, who was named CEO earlier this year. 

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