186282@ud0s4.net
2024-10-15 06:53:53 UTC
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PermalinkTrue Value, a 75-year old hardware store brand, has filed for bankruptcy
and is selling substantially all of its operations to a rival, the company
announced Monday.
Very sad ! I preferred them to the 'giant' chains.and is selling substantially all of its operations to a rival, the company
announced Monday.
I'll buy Amazon rather than go to a HD.
In a press release, True Value said it will continue day-to-day operations
of selling hardware and other homeware tools to its 4,500 independently
operated locations during the Chapter 11 process, which includes a $153
million stalking horse bid from rival company Do it Best.
True Value said its stores will remain open, because they are not part of
the bankruptcy proceedings.
In bankruptcy court filings, True Value said it faces a significant cash
crunch as the housing market stalled and consumers have become far more
picky about discretionary purchases like hardware.
Yep, money is tighter. Thanks Joe/K !of selling hardware and other homeware tools to its 4,500 independently
operated locations during the Chapter 11 process, which includes a $153
million stalking horse bid from rival company Do it Best.
True Value said its stores will remain open, because they are not part of
the bankruptcy proceedings.
In bankruptcy court filings, True Value said it faces a significant cash
crunch as the housing market stalled and consumers have become far more
picky about discretionary purchases like hardware.
USED to be that some guy goes into a hardware store looking
for a $1.95 item and came out with $99.95 worth of stuff.
Not so much anymore.
Oh, what did 'guns' have to do with any of this ???