True Value is a longstanding hardware store chain with over 75 years in the industry.

True Value seeks Chapter 11 bankruptcy protection to sell itself to rival Do it Best for $153M via a stalking horse bid, using cash collateral and Do it Best's investment if needed. A 75 year old retailer joins a list of retailers who have failed to stay relevant. Sadly, we will see more of this.

Retail Dive: True Value files for Chapter 11