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For True Value, key word is ‘progress’
Chicago-based hardware co-op True Value Company reported gross billings of $1,588.1 million for year to date ending Oct. 1, 2016, up 1.6% or $25.6 million.
Revenue was $1,158.9 million, an increase of 0.7%, or $7.7 million.
The cooperative posted net margin of $20.5 million, up 88.6% from a year ago, driven primarily by continued efficiencies in lower inventory provision and adjustments, advertising costs and freight-in expenses.
