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John Hartmann, president and CEO of True Value, takes the stage during the general session the True Value Spring Reunion in Dallas. The next True Value Reunion is slated for Sept. 18-20 in Chicago.

True Value’s Revenue and Sales Increase in Q2

True Value Company saw revenue and comparable store sales increase in the second quarter of 2015.

Retail comparable store sales were up 2.3 percent in the quarter and 3.5 percent year to date, with growth throughout the U.S. and in all of the cooperative’s product categories, led by farm and ranch, auto, pet, hand and power tools and seasonal.

“We are very proud of the transformation that is underway at True Value,” president and CEO John Hartmann says. “The work being done on our strategic plan will have lasting positive impact on the organization and our retailers for years to come.”

The cooperative reported revenue of $431.9 million for the quarter, an increase of 0.6 percent from the same period in 2014. For the six-month period ending July 4, True Value reported revenue of $785.8 million, an increase of 3.3 percent from the same period a year ago.

Destination True Value (DTV) comparable store sales were up 5.6 percent year to date. The DTV format is a custom store design that incorporates traffic patterns, merchandising layout plans and informative, attention getting signage. True Value also saw 50 new stores open and 26 store conversions.

For the full press release and more information about True Value, click here.

About Renee Changnon

Renee Changnon is the retail outreach coordinator for NRHA. She meets with retailers in their stores and at industry events and introduces them to the services NRHA provides. Renee previously worked as a member of the NRHA communications team. She earned a degree in visual journalism from Illinois State University, where she served as the features editor for the school newspaper. After college, she implemented marketing and promotions initiatives at Jimmy John’s franchise locations across the country. She enjoys exploring books with her book club, Netflix marathons and hosting goat yoga at her apartment complex. Renee Changnon 317-275-9442 rchangnon@nrha.org

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