{"id":3861,"date":"2014-05-29T08:42:59","date_gmt":"2014-05-29T08:42:59","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=3861"},"modified":"2014-05-29T08:42:59","modified_gmt":"2014-05-29T08:42:59","slug":"company-snapshot-true-value","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2014\/05\/company-snapshot-true-value\/","title":{"rendered":"Company Snapshot: True Value"},"content":{"rendered":"

True Value Company<\/strong><\/p>\n

Address:<\/strong>
\n<\/strong>8600 W Bryn Mawr Ave
\nChicago, IL 60631<\/p>\n

Telephone:<\/strong>
\n<\/strong>773-695-5000<\/p>\n

Website:<\/strong>
\n<\/strong>www.TrueValueCompany.com<\/a><\/strong><\/p>\n

Year Founded:<\/strong>
\n<\/strong>1948<\/p>\n

Total Annual Sales:<\/strong>
\n<\/strong>$1,411 billion
\n<\/strong><\/p>\n

Senior Executive:<\/strong>
\n<\/strong>John Hartmann- President and CEO<\/p>\n

 <\/p>\n

It is hard to believe that fifteen years have passed since disclosures of corporate accounting irregularities approximating $100 million, emerged from the company then called TruServ.\u00a0 This resulted in a loss of $131 million and a hard fall for corporate stock prices.<\/p>\n

Over the next three years, many retail members chose to leave the co-op for the safer havens of Ace Hardware and Do it Best.\u00a0 At the time, industry pundits wondered if TruServ could indeed survive.<\/p>\n

Over the years True Value has struggled with tepid annual member revenue and has long distantly trailed market leader Ace and is even well behind the more aggressive Do-It Best.\u00a0 Last April True Value\u2019s long time President and CEO Lyle Heidemann announced his retirement after eight years at the helm.\u00a0 He stepped down in May to be replaced by John Hartmann, while Heidemann stayed on until year\u2019s end as an adviser.<\/p>\n

Approaching the end of his first year in office, Mr. Hartmann seems to be a more communicative leader, stressing the co-op\u2019s challenges and approaches to solutions.\u00a0 Annual sales at the end of his first half year in office were down about 25 percent.\u00a0 This of course reflected a year significantly under the supervision of Hartmann\u2019s predecessor.\u00a0 With better communications enunciating the co-ops challenges, it is hoped for a considerable uptick in member\u2019s successes.<\/p>\n","protected":false},"excerpt":{"rendered":"

True Value Company Address: 8600 W Bryn Mawr Ave Chicago, IL 60631 Telephone: 773-695-5000 Website: www.TrueValueCompany.com Year Founded: 1948 Total Annual Sales: $1,411 billion Senior Executive: John Hartmann- President and CEO   It is hard to believe that fifteen years have passed since disclosures of corporate accounting irregularities approximating $100 million, emerged from the company… Continue reading Company Snapshot: True Value<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[15],"class_list":["post-3861","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/3861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=3861"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/3861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=3861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=3861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=3861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}