PROFILE |
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TruServ trumps Ace Hardware as the largest member-owned hardware cooperative in the US. Formed by the merger of Cotter & Company (supplier to the True Value chain) and ServiStar Coast to Coast, the cooperative serves some 7,700 retail outlets, including its flagship True Value hardware stores. The company sells home improvement and garden supplies and also manufactures its own brand of paints and the necessary applicators. Its other chains include Grand Rental Station, C&S Choices, Home & Garden Showplace, and Taylor Rental Center. TruServ has streamlined its executive staff and announced plans cut up to 10% of its workforce amid a loan default, revelations of accounting problems, and stores quitting the co-op.
COMPETITION |
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Ace Hardware Corporation (dossier)
The Home Depot, Inc. (HD)
Lowe's Companies, Inc. (LOW)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 3,993.60
1-Yr. Sales Growth: (11.3)%
Employees: 4,800
Revenue per employee: $832,000.00
KEY PEOPLE |
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Joe W. Blagg
CEO
Pamela Lieberman
CFO
CONTACT INFO |
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8600 W. Bryn Mawr Ave.
Chicago, IL 60631
US
Phone: 773-695-5000
Fax: 773-695-6516
Online: Web Site
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