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Ready for the Future
By Renee Changnon, firstname.lastname@example.org
Throughout 2018, many changes took place in the retail industry. One of those changes for independent home improvement retailers was True Value Co.’s decision to alter its distribution model.
This new path led to many questions among retailers, regardless of wholesale affiliation, as they wondered what might happen with the company. Last March, True Value announced plans to sell 70 percent ownership of the organization to private investment firm ACON Investments. The decision transitioned True Value away from its identity as a co-op. In April, more than 80 percent of True Value members approved the deal.
Hardware Retailing spoke with four True Value executives to learn more about the transition, its future plans and the latest programs it has to offer. Finally, for insights from a retailer, we spoke to the father-son duo at Nelson True Value.