Exhibit 99.1

                                 [TRUSERV LOGO]

                                  PRESS RELEASE
                                        For more information, contact:
                                        Marie Sasso
                                        TruServ Corporation
                                        (773) 695-5489

                      TruServ Corp. Announces Departure of
          President and Chief Executive Officer Pamela Forbes Lieberman


CHICAGO, NOV. 2, 2004- TruServ Corporation announced today that Pamela Forbes
Lieberman has resigned as president and chief executive officer at the request
of the Board of Directors.

"While this has been a difficult decision, now is the right time for new
leadership with greater operational experience necessary to implement the
company's strategic plan and take advantage of the opportunities to grow sales,
add members and become more competitive," TruServ Corporation's Chairman Bryan
Ableidinger said.

The Board of Directors has named board member and veteran retailer Thomas S.
Hanemann as interim CEO to lead the company's day-to-day operations and
initiatives while the search for a successor is underway. Hanemann has more than
30 years of successful retailing experience, including growing AutoZone into the
largest auto parts chain in the industry.

TruServ Corporation's Chairman Bryan Ableidinger will oversee the CEO transition
with a goal of having a new chief executive officer in place as soon as possible
in 2005.

"The entire TruServ team thanks Ms. Forbes Lieberman for her outstanding
leadership to complete our financial turnaround," Ableidinger said.

"Working together, we've accomplished key goals, including putting TruServ on
sound financial footing, building a strong and aggressive organization,
introducing new programs and adding new members. Sales are strong, earnings are
up and growth will continue under Tom Hanemann's guidance and into the future."

"I am extremely proud of our team's accomplishments in turning around TruServ,
restoring it to sustainable profitability and cash flows and greatly reducing
the outstanding debt. I deeply regret leaving the co-op and I have nothing but
good wishes for its continued success," Forbes Lieberman said.

Forbes Lieberman was appointed chief executive officer in November 2001. She
joined TruServ in March 2001 as chief financial officer and four months later
became chief operating officer, as well.


TruServ Corporation, headquartered in Chicago, is one of the world's largest
member-owned wholesale hardware cooperatives with $2 billion in annual revenue.
The TruServ cooperative includes approximately 6,100 independent retailer
locations worldwide operating under the store identities of True Value, Grand
Rental Station, Taylor Rental, Party Central, Home & Garden Showplace, Induserve
Supply and Commercial Sales. Additional information on TruServ and its retail
identities is available at www.truserv.com.

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