Summary
Harpeth True Value Home Center, a long-standing store in Franklin, Tennessee, will close on April 1, 2026, due to financial challenges and changes in the retail market. The store, part of the True Value network, struggled to compete against larger chains and online sellers.
Key Facts
- Harpeth True Value Home Center will close permanently on April 1, 2026.
- The store is affiliated with the True Value cooperative and competes with Home Depot and Lowe's.
- Financial difficulties and a changing retail landscape influenced the decision to close.
- Large chains, like Home Depot (28% market share) and Lowe's (17% market share), dominate the market.
- Lumber sales, once a major part of the store’s business, have declined significantly.
- The owner, Mike Outlaw, attempted to sell the store but was unable to find a buyer.
- True Value's corporate bankruptcy filing in 2024 affected customer perceptions and sales.
