Read about True Value hardware declaring bankruptcy today: https://finance.yahoo.com/news/true-value-declares-bankruptcy-sells-174128698.html
Which seemed odd to me, as they've been around for long time selling low-priced items.
It took me exactly one search to find perhaps another reason beyond the claimed "the housing market stalled and consumers have become far more picky about discretionary purchases like hardware” for the news:
This entry was edited (2 days ago)
Nathan Schneider
in reply to Matt Weagle • • •Old Tom
in reply to Matt Weagle • • •True Value was a co-op that demutualized and sold itself to private equity. After draining it, private equity chaptered it and sold it to … a cooperative!
https://www.doitbestonline.com/2024/do-it-best-makes-bid-to-acquire-true-value-assets/
Do it Best Makes Bid to Acquire True Value Assets | Do it Best
michaeloverbeck (Do it Best)Nathan Schneider
in reply to Old Tom • • •Old Tom
in reply to Nathan Schneider • • •@ntnsndr #exittocommunity Such as some Ace Hardware owners converting to worker ownership.
https://www.baltimoresun.com/2021/10/11/more-baltimore-businesses-are-becoming-worker-owned-but-they-still-face-economic-and-pandemic-hurdles/
More Baltimore businesses are becoming worker-owned, but they still face economic and pandemic hurdles
Rose Wagner (Baltimore Sun)Nathan Schneider
in reply to Old Tom • • •Scaling Co-operatives Through a Multi-Stakeholder Network: A Case Study in the Colorado Solar Energy Industry - JEOD
JEOD