My uncle owned a true value hardware store back in its heyday. I remember the aluminum Christmas trees with the light wheel and the great brands that you don't find anymore. There really was something very special about these community stores.
That photo of the CEO is NOT Chris Kempka, it's John Hartmann, the prior CEO who went to Bed, Bath & Beyond. I saw a few other innaccuracies in this video as well. I have been with True Value since 1973, in the corporate office & my father joined in 1968.
Our local hardware store used to be a True Value store but not too long ago changed into an Ace Hardware. To be honest I liked the True Value version better.
We had 3 stores within 5 miles of our house, by 2000 they are all gone. We have several Ace Hardware, and Menards, as well the other 2 big chains. Not sure how many Hardware Hank stores there are. There is or was also Coast to Coast. We used to have both Handy Andy as well as Builders Square.
Builder’s Square was owned by KMart and Grossman’s was owned by KMart also in the mid 1980’s on. Eddie Lampert took over KMart and ruined everything uptill nowadays!!!
HD and Lowes have bought out many small or mid-size hardware chains, along with larger stand-alone stores. TV tried to do the same but with existing brick and mortar stores. Already in a hole TV tried to use that fatal flaw to their advantage and have the whole collapse in on itself resulting in a stronger and advanced TV chain. The TV network was lacking assets but still drew in on large overhead costs, such as physical plant and advertising which would not support their business model. Had it come about in the pre-Internet world it might have lasted long enough to capitalize and survive.
A sad day when the local hardware store is s thing of the past. I can walk into my True Value I am met by sales person, asked how they could help and in 5 mins. I am out the door. I hate the "big box" stores. Avoiding them ASAP!
Look at the rise and fall of Sears. They began as a catalog company and died as a department store. I predict that Amazon will have to open actual stores to keep its sales going. This is because no one can shop for EVERYTHING without some sort of help or assistance. People will flock to a new business model based on service again, especially because today's youth will have had no idea about personal service. Someone somewhere will capitalize on this and get rich.
YEP 😊😊 and there was a time ⏲️ 😊 when U could go 2 the hardware store and get a new TV 📺 😊 radio 📻 😊 wood 🪵 😊 stove and a new washing machine or a hand water pump and windmill not now sad 2 say 🤔 😮 OMG 1O 29 2O24
😊😊 alit of the old general stores and hardware stores had bolts and nuts and nails or screws U could get by the pound alot of farmers had binds in the shop or equipment shed and they kept it stocked all the time ⏲️ 😊 so U didn't have 2 go 2 town every time U needed a bolt everytime and farmers always would need this 4 farm equipment that they used all of the time ⏲️ 😊 and every day 😊😊 OMG 1O 29 2O24
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My uncle owned a true value hardware store back in its heyday. I remember the aluminum Christmas trees with the light wheel and the great brands that you don't find anymore. There really was something very special about these community stores.
That photo of the CEO is NOT Chris Kempka, it's John Hartmann, the prior CEO who went to Bed, Bath & Beyond. I saw a few other innaccuracies in this video as well. I have been with True Value since 1973, in the corporate office & my father joined in 1968.
Our local hardware store used to be a True Value store but not too long ago changed into an Ace Hardware. To be honest I liked the True Value version better.
Ours did too. Although I never noticed a difference.
I always liked the local hardware stores. You can go in and get what you need instead spending a half hour looking a bracket at a big box store.
I was a True Value member/dealer from the mid 60's until 2014 in both Calif & NY
We had 3 stores within 5 miles of our house, by 2000 they are all gone. We have several Ace Hardware, and Menards, as well the other 2 big chains. Not sure how many Hardware Hank stores there are. There is or was also Coast to Coast. We used to have both Handy Andy as well as Builders Square.
Builder’s Square was owned by KMart and Grossman’s was owned by KMart also in the mid 1980’s on. Eddie Lampert took over KMart and ruined everything uptill nowadays!!!
HD and Lowes have bought out many small or mid-size hardware chains, along with larger stand-alone stores. TV tried to do the same but with existing brick and mortar stores. Already in a hole TV tried to use that fatal flaw to their advantage and have the whole collapse in on itself resulting in a stronger and advanced TV chain. The TV network was lacking assets but still drew in on large overhead costs, such as physical plant and advertising which would not support their business model. Had it come about in the pre-Internet world it might have lasted long enough to capitalize and survive.
A sad day when the local hardware store is s thing of the past. I can walk into my True Value I am met by sales person, asked how they could help and in 5 mins. I am out the door. I hate the "big box" stores. Avoiding them ASAP!
And how did the deal work with the private equity company? Like always with private equity deals, BANKRUPTCY!!!
@@mushethecowboycook9353 this was the same private equity firm that acquired Toys R US some time ago too. Lol
That was not Chris Kempa at the end of the video. That was John Hartman. 😅
Look at the rise and fall of Sears. They began as a catalog company and died as a department store. I predict that Amazon will have to open actual stores to keep its sales going. This is because no one can shop for EVERYTHING without some sort of help or assistance. People will flock to a new business model based on service again, especially because today's youth will have had no idea about personal service. Someone somewhere will capitalize on this and get rich.
Amazon is WAITING for Kohl’s to falter!! Amazon owns 15% of Kohl’s,but Amazon wants Kohl’s for pennies for the whole pie!!!
Sears and Kmart were sunk by hedge fund owner Eddie Lampert. Blaming Amazon is the uneducated man's argument.
Did True Value compete avec Ace Hardware?
Do it Best product line sucks!
Ace beats them by 10,000 times!!
Ace beats them by 10,000 times!!!!
👍👍
this was poorly written. didn't like how they talked down about the folks that have worked hard at building their own businesses.
I wonder how many BILLIONS of a kickback did Chris Kempa receive?!!! AND HOW MUCH MONEY HE STOLE?!!!
@26:34 thats John Hartman the old CEO. Kempa is bald, lol
Both No Value and Ace have highway robbery prices. That's not helpful to keep return customers.
No sympathy from me,, grossly overpriced and rude unknowledgeable employees
YEP 😊😊 and there was a time ⏲️ 😊 when U could go 2 the hardware store and get a new TV 📺 😊 radio 📻 😊 wood 🪵 😊 stove and a new washing machine or a hand water pump and windmill not now sad 2 say 🤔 😮 OMG 1O 29 2O24
😊😊 alit of the old general stores and hardware stores had bolts and nuts and nails or screws U could get by the pound alot of farmers had binds in the shop or equipment shed and they kept it stocked all the time ⏲️ 😊 so U didn't have 2 go 2 town every time U needed a bolt everytime and farmers always would need this 4 farm equipment that they used all of the time ⏲️ 😊 and every day 😊😊 OMG 1O 29 2O24