Nation’s Best hosted its second annual Women’s Leadership Retreat, an event dedicated to fostering leadership development, personal wellness and connection among the company’s female leaders. This year’s retreat saw significant growth, with attendance increasing by 50%, expanding beyond female store …
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True Value RDCs Prepare for Potential Shutdown
The True Value regional distribution centers (RDCs) are preparing for potential layoffs and shutdowns in light of the Chapter 11 bankruptcy and potential Do it Best purchase announcements earlier this month. So far, 11 of the 13 True Value RDCs …
Read More »Judge Shares Concerns With Direction of True Value Bankruptcy Filing
In a transcript obtained by Hardware Retailing from an emergency discovery conference held on October 23, the judge overseeing True Value’s Chapter 11 bankruptcy filing openly stated her concerns about whether True Value has been providing “adequate protection to the …
Read More »2024 Outstanding Retailer Awards Recognize Top Canadian Home Improvement Retailers
Suppliers and retailers from across Canada gathered last night to honor the retail home improvement industry’s best retailers during the 32nd Annual Outstanding Retailer Awards, presented during a gala dinner at the annual Hardlines Conference. The event, held at the …
Read More »Noteworthy LBM Acquisitions This Week
It’s been a busy week for acquisitions for LBM retailers. Carter Lumber announced the acquisition of Townsend Building Supply, a building materials dealer with six locations in southern Alabama and the Florida Panhandle. This acquisition continues Carter Lumber’s plans for …
Read More »Bankruptcy Judge Allows True Value to Use Cash Collateral While Lenders Push Back
On Friday, the U.S. Bankruptcy Court for the District of Delaware issued an Interim Order that gives True Value permission to use cash collateral from its lenders to pursue continued business operations while in Chapter 11 Bankruptcy, as well as …
Read More »Wallace Distribution Dealers Aim for Success at Fall 2024 Market
Following the market theme of “Aiming for Success,” the Wallace Distribution Fall 2024 Dealer Market highlighted the services and opportunities the hardware distributor provides to help its dealers succeed in a competitive industry. “In an industry where success is measured …
Read More »Industry Reacts to True Value Bankruptcy and Potential Sale to Do it Best
On Monday, the independent home improvement industry woke up to some of the biggest news in decades as Do it Best announced its bid to acquire substantially all assets from True Value, which filed for Chapter 11 bankruptcy under private …
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