{"id":81,"date":"2012-09-14T17:55:00","date_gmt":"2012-09-14T21:55:00","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/2012\/09\/company-snapshot-true-value-company\/"},"modified":"2012-09-14T17:55:00","modified_gmt":"2012-09-14T21:55:00","slug":"company-snapshot-true-value-company","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2012\/09\/company-snapshot-true-value-company\/","title":{"rendered":"Company Snapshot: True Value Company"},"content":{"rendered":"<p><strong>Address:<\/strong><br \/>\n8600 W Bryn Mawr Ave<br \/>\nChicago, IL 60631<\/p>\n<p><strong>Telephone:<\/strong><br \/>\n773.695.5000<\/p>\n<p><strong>Internet Homepage:<\/strong><br \/>\n<a href=\"http:\/\/Truevaluecompany.com\">Truevaluecompany.com<\/a><\/p>\n<p><strong>Total Annual Sales:<\/strong><br \/>\n$1,864,846,000<\/p>\n<p><strong>Senior Executives:<\/strong><br \/>\nLyle Heidemann- President, CEO<br \/>\nSteve Poplawski- Senior VP Retail Operations<\/p>\n<p>&nbsp;<\/p>\n<p>True Value Company is a retailer-owned hardware cooperative serving nearly 5,000 independent retail locations worldwide.\u00a0 Of the major retailer co-ops which Chain Store Guide monitors, True Value is ranked number three in sales behind perennial number one Ace Hardware Corp. and Do It Best Corp.\u00a0 Members of the True Value cooperative own their individual stores and operate independently of True Value Company.<\/p>\n<p>The company was founded in 1948 as Cotter &amp; Company by John Cotter and supported 12 original member stores.\u00a0 Over the years, several mergers and acquisitions within the co-op industry resulted in a significantly larger organization.\u00a0 This led to a company name change which was designed in part to clarify the organization\u2019s identity and allow it to drop the cluttered nomenclature that had built up through a history of mergers.\u00a0 Thus TruServ Corporation emerged with its inherent superior branding.<\/p>\n<p>Nearing the turn of the century an accounting scandal rocked the company.\u00a0 This shook public confidence and resulted in a considerable loss in membership as many frightened retailers bolted to join competing co-ops.\u00a0 This resulted in a change of management, a streamlining of operations and the thus far final change in the organization\u2019s name to True Value, a name that had long been a popular company brand at the retail level.<\/p>\n<p><!--EndFragment--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>True Value Company is a retailer-owned hardware cooperative serving nearly 5,000 independent retail locations worldwide. <\/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-81","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\/81","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=81"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/81\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=81"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=81"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=81"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}