On Monday, Nov. 4, True Value sent a notification to vendors and retailers, stating that it was temporarily suspending its drop ship program to remain focused on primary business during the bankruptcy case and sale to Do it Best. (In …
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Home Hardware Stores Limited Appoints Ian White as New President and CEO
Ian White will take over from Kevin Macnab as Home Hardware Stores Limited’s new president and CEO, effective Nov. 18. White is a career retailer with over 30 years of experience and a proven history of leading high-performing teams to …
Read More »True Value and Lenders Reach Milestone Agreement Moving Sale to Do it Best Forward
True Value Company and its secured lenders, led by PNC, today reached a major milestone agreement to avoid the liquidation of the 75-year-old Chicago-based distributor in a move that will push the sale to Do it Best forward for now. The …
Read More »R.P. Lumber Acquiring Guyot Lumber & Hardware
R.P. Lumber Co. Inc. plans to acquire Guyot Lumber & Hardware, an independently owned retailer of hardware, lumber and building materials in Perryville, Missouri. The transaction, scheduled to close on Nov.1 marks R.P. Lumber’s eighth acquisition this year and its …
Read More »Do it Best Announces Curtis Smith as Executive Director of the Do it Best Foundation
Do it Best has hired Curtis Smith as the new executive director of the Do it Best Foundation. In this role, Smith will focus on building the foundation’s impact and presence in the communities it serves. “I’m deeply honored to …
Read More »New NHPA Program Honors Military Veterans Who Have Served Our Country, Channel
Nation’s Best Hosts 2nd Annual Women’s Retreat, Expands Attendance by 50%
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 …
Read More »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 …
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