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Bradley out at Handy Hardware
Lynn Bradley, senior director, retail development, is out at Handy Hardware Wholesale, a cost-cutting move according to the Houston-based co-op.
Handy Hardware Wholesale, which filed for bankruptcy protection in January, eliminated the position of “senior director, retail development,” as part of a cost-reduction plan, according to Morrie Aaron, president of MCA Financial Group. MCA is Handy’s financial advisory firm that specializes in restructuring.
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True Value posts gains in Q4
CHICAGO — True Value reported “gross billings” of $451.9 million for the fourth quarter, up 2.3% from the same quarter last year.
“Gross billings” -- a term not used in the co-op’s 2012 earnings announcement -- is a measure of the total amount invoiced to customers, without subtracting discounts or adjustments.
The company’s revenue was $340.4 million, up 3.3% from the prior-year quarter.