Content about Co-op news

May 20, 2013
Do it Best reveals best sellers and opportunities

Indianapolis -- Speaking to the collected body of Do it Best Dealers during the co-op's Merchandising Market Preview here, Steve Markley described light bulbs as a high-interest, high-reward category. 

May 19, 2013
May market emphasizes performance

Indianapolis -- A number of innovations, events and product deals helped draw thousands of member-owners to the 2013 Do it Best May Market. 

“From the strong member response at the Sneak Peek, to the solid attendance at our many seminars and training events and continuing out to the bustle on the market floor, we’ve seen a lot of enthusiasm among our members this weekend,” said Do it Best Corp. President and CEO Bob Taylor.

May 15, 2013
True Value Co. gross billings slip 0.9% in first quarter

Chicago-based True Value Co. reported first-quarter gross billings of $443.3 million, down 0.9% from the same quarter last year.

A nearly non-existent spring in many parts of the country hurt sales. The company also explained gross billings were affected by a decline in lumber and building material vendor direct-ship sales.

"While winter-related product sales exceeded the prior year, the general lack of spring weather this March versus last year was too much to overcome," said Lyle Heidemann, president ad CEO. 

May 14, 2013
Handy welcomes DIP financing deal

Handy Hardware Wholesale said it welcomed the bankruptcy court approval of its debtor in possession (DIP) financing loan modification that brings funding from Littlejohn Management Holdings. 

Littlejohn, which agreed to acquire Handy and shed its co-op structure as it emerges from bankruptcy, will provide a $4 million DIP loan, funding that will commence this week. 

May 10, 2013
Chalifour Canada plans DC enhancement

London, Ontario-based Chalifour Canada will be relocating its Vancouver distribution center to a modern industrial park in nearby Delta, British Columbia. 

Construction is expected to be completed by mid-2014.

Chalifour is a hardware wholesaler owned by TIM-BR Marts. It also supports Ace dealers in Canada. 

May 7, 2013
Do it Best hires retail program manager

Corbin Prows has joined Do it Best Corp. as the retail program manager, responsible for the creation and implementation of marketing strategies

May 6, 2013
Ace, Weather Channel announce 'Restore Your Outdoors'

Ace’s alliance with The Weather Channel provides homeowners with tips and tools to complete their outdoor home maintenance tasks.

April 25, 2013
Sold: Handy Hardware to Littlejohn

Handy Hardware Wholesale, the Houston-based co-op that filed for bankruptcy protection in January, announced that Littlejohn Management Holdings has agreed to acquire Handy.

April 22, 2013
Do it Best recognized for training

Fort Wayne, Ind.-based Do it Best Corp. earned recognition from Dale Carnegie Training.

April 19, 2013
Stores-for-sale site enters new phase

Ace’s HardwareStoresForSale.com is designed to facilitate the buying and selling of hardware stores, and now related equipment.

April 16, 2013
Craftsman expands to 2,000-plus Ace stores

The Oak Brook, Ill.-based co-op says it intends to spread the word about the growth of Craftsman products in Ace stores.

April 15, 2013
CEO Lyle Heidemann to retire from True Value

John Hartmann has been appointed as the company’s new president and CEO, following the retirement of Heidemann, effective May 31

April 12, 2013
Ace hosts Buying Days event in Oak Brook

Industry vendors have a unique opportunity to introduce their products to Ace Hardware’s merchandise buyers during its Buying Days event on June 7 in Oak Brook, Ill.

April 11, 2013
True Value points to valuable partners

The Chicago-based co-op has recognized its 2012 Supplier of the Year, among others.

April 10, 2013
True Value appoints Markert to board

Thomas E. Markert brings to the board a background that includes roles at Office Depot, Citicorp and Procter & Gamble.

April 5, 2013
True Value posts gains in full year and fourth quarter

CEO Lyle Heidemann describes 2012 as “one of the most profitable years in the company’s history.”

March 27, 2013
True Value elects new chairman of the board

The Chicago-based co-op tapped Brent Burger, owner of hardware stores in Maine.

March 26, 2013
Ace recognizes smooth operation in Tampa

The co-op’s Retail Support Center has earned an award for outstanding achievement in operations and inventory management.

March 26, 2013
In California, Weaver Lumber joins True Value

According to an article in the Record Searchlight of Redding, Calif., Weaver Lumber plans to take on the True Value brand.

March 25, 2013
Handy Hardware Wholesale points to improved fill rates

The Houston-based hardware co-op, which filed its reorganization plan March 6, sees improvement in a key operational metric.

March 22, 2013
Ace Hardware revenues up 3.6% in 2012

The Oak Brook, Ill.-based co-op reported fiscal 2012 revenues of $3.8 billion along with a strong fourth quarter.

March 22, 2013
True Value rental division honors top suppliers

The co-op points to suppliers of the year in the categories of tools and equipment, lawn and garden and party/materials supplies.

March 19, 2013
Co-op’s new campaign: “Meet the Aces”

Ace Hardware’s new television campaign marks a return of the co-op’s “Ace is the place” jingle.

March 8, 2013
Saturday is free paint day at Ace

Ace Hardware is promoting its nationwide “Free Paint Saturday,” along with a sweepstakes for customers.

March 6, 2013
True Value updates its paint offering

New paint in new packaging is in the works at True Value Co., as its interior and exterior paint lines get a makeover.

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