Content about True Value

August 6, 2014

What’s new in hardware stores? Plenty.

The HCN Big Four Report, published in the July/August issue, included several comments from independent retailers who were interviewed during recent markets and conventions.

The general question was some variation of “What’s new in your store?” Here are more answers from the field, in no particular order:

 

May 20, 2014

Brent Burger, True Value chairman and owner of five Campbell's True Value locations in Maine, was honored recently by the NRHA as one of its three industry "Top Guns" of 2014.

Setting Burger apart is his track record of promoting growth for the chain of hardware stores, as well as his commitment to his community as president of the True Value Foundation.

Burger has been on the True Value board since 2007 and has been serving as chair since 2013. Before joining the company in 1999, he worked for Starbucks Corporation and TCBY Enterprises, Inc.

April 29, 2014

Pointing to success of an expanded farm, ranch, auto and pet assortments, Chicago-based True Value posted gains in gross billings and revenues for the first quarter ended March 29.

The co-op reported gross billings of $460.1 million for the quarter, up 3.6% from $444.2 million for the same period a year ago. Revenue was $331.5 million, an increase of 6.0%.

The cooperative posted a quarterly net margin of $0.9 million, up slightly from $0.4 million a year ago.