Home Improvement News: True Value's Bankruptcy and Community Impact

Around the House® Home Improvement: The New Generation of DIY, Design and Construction

True Value hardware has recently filed for Chapter 11 bankruptcy, raising concerns about the state of local home improvement stores. Despite this troubling news, Eric G. reassures listeners that most local True Value stores remain open and operating, emphasizing the importance of supporting these small businesses in your community. As the home improvement landscape shifts, Eric discusses the broader implications for the economy and the challenges faced by retailers. He also shares practical advice for homeowners, particularly regarding gutter maintenance and stormwater management as fall approaches. Tune in as Eric provides insights on how to keep your home in top shape while advocating for local businesses during these uncertain times.

The podcast dives into a critical moment for the home improvement industry as Eric G. discusses the recent Chapter 11 bankruptcy filing by a well-known home improvement retailer. This event, impacting over 4,500 locations, raises alarms about the changing dynamics of retail in this sector. Eric, however, assures listeners that local True Value stores, which are independently operated, remain in good standing and are ready to meet the needs of their communities. He emphasizes the vital role these local stores play in the economy, suggesting that listeners should make a concerted effort to shop locally rather than defaulting to the convenience of big-box retailers. This call to action is not just about supporting businesses; it’s about fostering community ties and investing in local economies that truly reflect the spirit of neighborhood collaboration.

As the episode progresses, Eric shifts focus to practical home maintenance advice, particularly relevant as the fall season approaches. He outlines the importance of addressing gutter and drainage issues, especially with the increased rainfall that typically accompanies autumn. Eric shares detailed instructions on how homeowners can assess their drainage systems and implement solutions to direct water away from their foundations, thereby preventing potential damage. He stresses the need for proactive maintenance and suggests various approaches to managing rainwater effectively, ensuring that homes remain safe and sound through the changing seasons.

Finally, the podcast wraps up with an engaging discussion about community engagement and the importance of maintaining local infrastructure. Eric encourages listeners to take an active role in their neighborhoods, whether by supporting local hardware stores, participating in community events, or simply being mindful of their surroundings. By tying together the themes of economic support and home maintenance, the episode presents a holistic view of what it means to be a responsible homeowner and community member, leaving listeners with a sense of empowerment and a clear understanding of how they can make a positive impact.

Takeaways:

• True Value has filed for Chapter 11 bankruptcy, affecting only their parent company.
• Local True Value stores remain operational, emphasizing the importance of supporting local businesses.
• The bankruptcy highlights challenges faced by home improvement retailers in the current economy.
• Listeners are encouraged to check gutters and downspouts to prevent home foundation issues.
• Rainwater management is critical; ensure water drains away from your home's foundation.
• Upcoming episodes will feature an award-winning interior designer sharing tips on home finishes.

Companies mentioned in this episode:

• True Value
• Do it Best Hardware
• Ace Hardware

To get your questions answered by Eric G give us a call in the studio at 833-239-4144 24/7 and Eric G will get back to you and answer your question and you might end up in a future episode of Around the House.

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Information given on the Around the House Show should not be considered construction or design advice for your specific project, nor is it intended to replace consulting at your home or jobsite by a building professional. The views and opinions expressed by those interviewed on the podcast are those of the guests and do not necessarily reflect the views and opinions of the Around the House Show.

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