Comparable store sales of True Value up 3.3 per cent

The US cooperative True Value reports retail comparable store sales up 3.3 per cent for the third quarter compared with the same period last year. The retail comparable sales of the Destination True Value distribution format increased by 4.2 per cent. Gross billings of USD 492.2 mio and revenue of USD 364.4 mio in the quarter were relatively flat to the same period last year, according to the company. In international operations True Value recorded an increase in warehouse sales of 12 per cent in the quarter and 18 per cent in the first three quarters.