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   Mr. Q The Pizza Demon (radicalrobit@laserdisc.party)'s status on Friday, 10-Jan-2025 02:58:02 JST Mr. Q The Pizza Demon

   wild how true value is going out of business despite being in business for 75 years. I'm sure it has nothing to do with selling itself to a private equity firm in 2018 instead of continuing to run as a cooperative. Probably just a coincidence they managed to survive just fine for 68 years and then 7 years after selling out to private equity, they're gonna be gone.

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     Mr. Q The Pizza Demon (radicalrobit@laserdisc.party)'s status on Friday, 10-Jan-2025 02:58:21 JST Mr. Q The Pizza Demon

     in reply to

     Now I ain't no big city chicago economist. But if one national cooperatively owned hardware store is still doing just fine, while the other national cooperatively owned hardware store sold out to private equity 8 years ago and is now closing down, I'd probably blame private equity for the reason it's closing down.

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     Mr. Q The Pizza Demon (radicalrobit@laserdisc.party)'s status on Friday, 10-Jan-2025 02:58:22 JST Mr. Q The Pizza Demon

     in reply to

     Economists of course have blamed the covid pandemic for tru value shutting down due to economic headwinds or whatever. because they're not nearly as big as lowes or home depot to absorb the losses. However Ace Hardware is set up exactly the same way Tru Value used to be set up. Each store was independently owned but they paid into the same national structure to be able to buy stuff in bulk at the same prices as the big box stores. And Ace Hardware is still thriving.

     tadpole slurper repeated this.