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TruServ
The True Value Company is an American wholesaler and Hardware store brand. The corporate headquarters are located in Chicago. Historically True Value was a cooperative owned by retailers, but in 2018 it was purchased by ACON Investments. In October 2024, True Value filed for bankruptcy and competitor Do It Best agreed to purchase the company. The purchase was completed in November 2024. The independent retailers True Value supplied, branded as "True Value", are not part of the bankruptcy and will continue operating. History True Value Company was originally composed of four hardware cooperatives and a hardware wholesaler: American Hardware & Supply (ServiStar), Coast to Coast Corporation, Cotter & Company (True Value), and Hibbard Spencer Bartlett & Company. Cotter & Company was established in 1948 by John Cotter with 12 original member stores. The cooperative grew in membership and, in 1962, Cotter & Company purchased the assets of Hibbard Spencer Bartlett & Company (for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Green Thumb (brand)
The True Value Company is an American wholesaler and Hardware store brand. The corporate headquarters are located in Chicago. Historically True Value was a cooperative owned by retailers, but in 2018 it was purchased by ACON Investments. In October 2024, True Value filed for bankruptcy and competitor Do It Best agreed to purchase the company. The purchase was completed in November 2024. The independent retailers True Value supplied, branded as "True Value", are not part of the bankruptcy and will continue operating. History True Value Company was originally composed of four hardware cooperatives and a hardware wholesaler: American Hardware & Supply (ServiStar), Coast to Coast Corporation, Cotter & Company (True Value), and Hibbard Spencer Bartlett & Company. Cotter & Company was established in 1948 by John Cotter with 12 original member stores. The cooperative grew in membership and, in 1962, Cotter & Company purchased the assets of Hibbard Spencer Bartlett & Company (form ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ace Hardware
Ace Hardware Corporation is an American hardware retailers' cooperative based in Oak Brook, Illinois, United States. It is the largest non-grocery retail cooperative in the United States. Founded on October 25, 1924, as "Ace Stores", the company changed its name to "Ace Hardware Corporation" in 1931. It grew dramatically following World War II, more than tripling its sales between the late 1940s and 1959. After the retirement of longtime president and founder Richard Hesse in 1973, Ace was sold to its retailers, becoming a retailer-owned cooperative. It first reached $1 billion in wholesale sales in 1985 and $5 billion in 2015. , it has over 5,200 locations in 60 countries. Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and the United Arab Emirates. History In 1924, to increase buying power and profits, entrepreneurs Richard Hesse, E. Gunnard Lindquist, Frank Burke, and Oscar Fisher united their C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Do It Best
Do it Best Corp., formerly known as Hardware Wholesalers, Inc. (HWI), is a member-owned hardware, lumber, and building materials cooperative based in Fort Wayne, Indiana. Do it Best Corp. is the second-largest co-op in the industry with over $6 billion in annual sales. Do it Best Corp. does not mandate store identities, so member-owners may or may not display the Do it Best brand name in their businesses. History HWI was founded by Arnold Gerberding in 1945 in Fort Wayne, Indiana, with the investments of 100 independent business owners in Illinois, Indiana, Michigan and Ohio. Gerberding used the co-op model so HWI members could get better volume pricing from vendors by buying together rather than on their own. Independent hardware stores became members of the cooperative and its sole shareholders as well. The first warehouse facility opened in 1948, and HWI added a private truck delivery system in 1955. When Gerberding retired in 1967, HWI had more than 600 members. Don Wolf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Chicago
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies That Filed For Chapter 11 Bankruptcy In 2024
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Companies Established In 1948
Retail is the sale of goods and Service (economics), services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturing, manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a Profit (accounting), profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a long history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar store, bricks and mortar and Online shopping, online retailing. Digital technologies are also affecting the way that co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
