Content about True Value

November 19, 2014

True Value’s boss went undercover, and the cameras were rolling.

True Value Company president and CEO John Hartmann will appear in the season six premiere of "Undercover Boss" airing on Dec. 14 on CBS.

October 20, 2014

DENVER — Some 4,000 people filed into the Bellco Theatre in Denver to hear the latest on True Value’s much-anticipated unveiling of its strategic plan.

As we settled into our seats, a stringed instrument quartet pounded out the heart-throbbing chords of Led Zeppelin’s Kashmir. About two hours later, president and CEO John Hartmann was driving across the stage on a dirt bike. An uninvited fire alarm interfered with his closing remarks, but the point was made: engagement, growth, efficiency — three pillars of a new True Value.

October 16, 2014

As part of a broad strategic plan, True Value unveiled a new approach to merchandising and pricing during the Chicago-based co-op’s General Session in Denver.

One takeaway: expect fewer opening price points in the True Value assortments. “No one makes money on opening-price-point product,” said Ken Goodgame, True Value’s senior VP and chief merchandise officer.

October 13, 2014

Denver -- Though many of the usual suspects were on-hand at the 2014 True Value Fall Reunion, more than one of the show floor's sizzling merchandise developments took place among the grills.

Relatively new to the hardware scene is Traeger Grills, a line of sleek wood pellet grills that now feature a Digital Pro Controller with dual meat probes, a removable grill shelf and EZ-Fold legs for added portability.

The grills can also double as convection ovens, opening the door to all kinds of possibilities that include hickory-smoked chocolate chip cookies.

October 12, 2014

 

Denver – True Value unveiled big plans for its advertising in 2015. In President and CEO John Hartmann's words, "the changes will be transformational, and I mean like we haven't advertised in over a decade."

Hartmann left it up to SVP & Chief Customer Officer Blake Fohl and SVP & Chief Merchandise Officer Ken Goodgame to deliver the news of an expanded national TV branding campaign. They described a national television program with ten times more spend in 2015. 

October 12, 2014

Denver -- The General Session at the 2014 True Value Fall Reunion in Denver opened with a few words of inspiration from chairman of the board Brent Burger.

"As you can see from the agenda card, we have a very full program this afternoon and I promise you that it will be one of most exciting General Sessions we have ever had," said Burger, the owner of five Campbell's True Value locations in Maine.

October 11, 2014

Denver -- During the True Value General Session here, with the co-op presenting details of its much-anticipated strategic plan, president and CEO John Hartmann painted a picture of the company building on the principles of “engagement,” “growth” and “efficiency.”

October 9, 2014

The exhibit floor of the 2014 True Value Fall Reunion, taking place this year in Denver, Colorado, officially opens on Friday, but some early activities are already under way.

Visitors filed into the Colorado Convention Center Thursday afternoon, where drinks and hors d'oeuvres were on-hand at the Farm & Ranch Reception.

The throngs then proceeded to the show floor to get a sneak peek of this year's farm & ranch section, where feed, pet products and lawn & garden products were prominent.

October 9, 2014

True Value has hired Jean Niemi, a former Home Depot communications executive, as the Chicago-based co-op’s new senior director, corporate communications. 

A veteran communications executive with more than 15 years of experience at Fortune 500 corporations and leading public relations agencies, Niemi will lead and oversee all media relations, executive engagements, employee and retailer communications, and manage the corporate communications team.

October 1, 2014

Extreme Heavy Duty Construction Adhesive from Liquid Nails has opened up new lines of distribution to participating True Value and Ace Hardware stores. 

The product has already been available at Lowe’s and Home Depot. 

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.

April 18, 2014

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March 19, 2014

Adam Schoelkopf of Bedford True Value Hardware in Bedford, N.Y., recently accepted a True Value Best Hardware Store in Town award on behalf of the store.

A total of 13 stores were recognized by the co-op during its Spring & Rental Reunion held in Atlanta. 

“These are talented business people who work incredibly hard to bring their communities the best service and shopping experiences possible,” said True Value president and CEO John Hartmann. 

March 4, 2014

It’s not just Tractor Supply that’s riding a wave of growth in the sector for hobby farmers and backyard ranchers.

This is not an article about Tractor Supply.

But let’s face it. You can’t write about the farm-and-ranch retail sector without referring to the Brentwood, Tenn.-based giant either as a competitor or as a role model.

February 23, 2014

Atlanta – An information-packed general session here at the True Value Reunion included up-close interviews with a new slate of senior executives and an update on the co-op’s long-running strategic planning effort.

And there was also a little comedy on the stage, as actors impersonated shoppers experiencing BBTSD, or “big box traumatic stress disorder.”

February 23, 2014

Atlanta – Before the True Value Reunion here, Brent Burger spent some quality time with kids from an Atlanta area Boys & Girls Club. On Saturday afternoon, he announced a national partnership between True Value and the youth organization. 

January 29, 2014

You meet some interesting people in the home improvement industry. Here’s another one: Jared Littmann, the 41-year-old youth sports coach; lawyer; Annapolis, Md., assemblyman; owner of K&B True Value in Annapolis; and — most recently — True Value board member.

Littmann spoke to HCN just before the K&B True Value Hardware Art Show (see it at homechannelnews.com) opened its doors.

October 1, 2013

As Chicago-based True Value seeks to encourage and support growth among members, the co-op’s six-and-half-year-old Destination True Value (DTV) remodeling program will continue to play a key role under new CEO John Hartmann.

But there may be some tweaks.

September 23, 2013

Chicago -- During his first general session speech to the assembled body of True Value dealers, CEO John Hartmann expressed a willingness to embrace change.

He started by announcing a symbolic change at the True Value headquarters, which will be known from now on as the "Retail Support Center." 

September 23, 2013

Chicago -- Here is a statistic that is raising optimism within the True Value pet department: 72% of pet owners consider their pet a member of their family. And what's more, 70% of dog owners think their dog understands how they are feeling better than most people do.

It's no secret that home owners love their pets, but the category is attractive to independent hardware stores for more retail-centric reasons, according to panelists on a True Value seminar here at the co-op's 2013 Fall Reunion.

August 29, 2013

True Value’s Kevin Rewerts, divisional VP of merchandising for automotive-pet-farm & ranch, said the co-op’s five-year plan to grow the farm-and-ranch-and-pet business by $100 million is on track. 

In an interview with HCN, Rewerts added that the pet division is taking on a retailer’s-best-friend role at the co-op, and has emerged as the fastest growing category at True Value. 

June 19, 2013

Nashville, Tenn. — Bill Harrison of McGuckin Hardware was one of thousands of technology-focused professionals who spent several days under the science fiction-like glass dome of the Gaylord Opryland Hotel here during the Epicor Global User Conference last month.

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