Content about News - Co-ops

August 13, 2014

Hardware Distribution Warehouses, Inc. CEO and President Kenneth R. Beauvais said HDW will be expanding its wholesale services into the Florida panhandle beginning Sept. 1.

“In addition to our recent expansion into Northwest Texas, we have made the decision to extend our service area into the Florida panhandle,” Beauvais said. “This expansion will result in additional opportunities for our employee owned company.”

The announcement was made at the company’s 2014 Fall Market, which ended Aug. 10 in Shreveport, Louisiana.

August 6, 2014

What’s new in hardware stores? Plenty.

The HCN Big Four Report, published in the July/August issue, included several comments from independent retailers who were interviewed during recent markets and conventions.

The general question was some variation of “What’s new in your store?” Here are more answers from the field, in no particular order:

 

July 31, 2014

As is its annual custom (now in its fourth year), Ace Hardware Corporation recognized a new spate of Ace stores in its 2014 "Coolest Hardware Store" awards. Six stores nabbed the title out of 4,850 Ace stores worldwide, named officially during Ace's Platinum Conference held in Las Vegas.

July 29, 2014

Ace Hardware has struck a deal with RONA, a Canadian retailer and distributor of hardware, building materials and home renovation products, to forge a long-term agreement for master licensing of the Ace brand in Canada.

July 10, 2014

Ace Hardware affiliate Klinker's Lumber & Building Supply of Waverly City, Ohio, was recognized by the state's House of Representatives for opening a new paint studio in May.

The store's paint studio — essentially a remodeled and rethought version of its paint section — now sells Valspar paints, including their Aspire and Professional line of paints, in addition to the Ace line of paint. The paint studio will also allow employees to mix custom paint colors to match customers' color palettes.

July 1, 2014

Ace Hardware is shipping off to New Zealand -- specifically, as a wholesale supplier to Mitre 10, a major home improvement retail cooperative in the country. Individual Mitre 10 stores will also have the opportunity to purchase goods from Ace directly.

June 13, 2014

Oak Brook, Illinois-based Ace Hardware Corporation made some updates to its corporate board of directors, not the least of which includes the planned appointment of Jim Ackroyd as chairman.

Ackroyd is the CEO of Vision Ace Hardware, an 11-store chain in southwest Florida. He was named vice chairman last year as part of a planned changeover within the chairman position. As a member of Ace's board since 2008, he was also re-elected to another three-year term as a member director.

June 11, 2014

Ace Hardware Corporation hired Karen Fedyszyn as VP of information technology (IT) and chief information officer.

Reporting to Ace’s CFO, Fedyszyn will play an integral role in driving strategic technology and systems management for Ace to shape business functions and deliver significant return on investments, the co-op said.

June 10, 2014

As the largest retailer-owned hardware cooperative in the industry, Ace Hardware knows plenty about paint. But it turns out it may also know a thing or two about nail color. In the first-ever collaboration of its kind, Ace Hardware has partnered with nail lacquer brand OPI to create an exclusive color palette by Clark+Kensington, Ace’s premium paint line.

June 9, 2014

The J.D. Power 2014 U.S. Home Improvement Retailer Store Satisfaction Study gave high marks to Oak Brook, Ill.-based Ace Hardware Corp.

J.D. Power’s ranking have Ace Hardware “Highest in Customer Satisfaction with Home Improvement Retail Stores” for the eighth year in a row. Ace has captured this ranking ever since the organization began this study eight years ago. 

June 4, 2014

Jeff and Al Bunge of Cedar Lake True Value Hardware were recognized by the Chicago-based True Value Company as one 13 “Best Hardware Store in Town” honorees.

According to the co-op, Jeff got his own department in the family owned store at the age of 11, working under his father and uncle. The store was converted to the Destination True Value format in June 2012.

May 29, 2014

As paint-aisle competition heats up across the home improvement industry, Chicago-based True Value Company says its new True Value Beauty by Design color center is brushing up stores with enhanced technology and merchandising.

May 18, 2014

Indianapolis -- Rich Lynch, who was named VP of marketing for Fort Wayne, Ind.-based Do it Best Corp. back in March, said he learned some valuable lessons about retail from his teenage years as a hardware store employee -- and also from his years as a marketing executive for Jim Beam.

Lynch met with the media here during the co-op's May Market. And with the words "helping members grow" stitched into his shirt sleeve, he talked about the importance of staying ahead of society's online movement and balancing all the "ingredients" of a successful hardware store.

May 16, 2014

Indianapolis -- Do it Best VP merchandising Steve Markley pointed to opportunities in farm-and-ranch products as well as home-automation technology during the co-op's May market merchandising preview.

May 15, 2014

A buy-one-get-one deal described as the co-op’s most aggressive promotion ever is bolstering the Oak Brook, Illinois-based co-op’s grand opening of The Paint Studio in some 3,200 stores. 

On Saturday and Sunday (May 17 and 18), consumers can get a second gallon for free of either Clark+Kensington or Valspar Optimus.

May 14, 2014

Oak Brook, Ill.-based Ace Hardware Corp. reported today that strong performance in core categories lifted the co-op to what it calls its "best first quarter for both revenues and net income in its 90-year history." 

The co-op reported total revenues of $1.1 billion for the first quarter, up 16.8% from the same quarter last year. Net income was $24.4 million, up from $4.4 million in the year-ago quarter.

May 12, 2014

Do it Best Corp. recognized its Waco, Texas, Retail Service Center (RSC) team for recording four straight years without any lost time due to a safety incident or injury.

At Waco, and elsewhere throughout the Do it Best supply chain, the distributor has added morning stretches, safety tips and peer-to-peer observations into their work culture to proactively prevent safety incidents. The current safety streak is the longest of any of the co-op’s RSCs throughout the United States.

May 1, 2014

Ace Hardware has rolled out what it's calling its biggest ad campaign ever to promote the co-op's new Paint Studio offering.

And if the ads look like a high-end cosmetic commercial, that's by design. The campaign, jointly developed by Ace and Valspar, is called "Helpful is Beautiful." [Watch the commercial here.]

The Paint Studio is launching nationally this month at more than 3,200 Ace stores, according to the co-op.

April 22, 2014

Ace Hardware is celebrating the milestones it has reached within its supply chain in the aim of reducing its carbon footprint this Earth Day.

Specifically, two Ace Hardware Retail Support facilities are being recognized for their participation in zero landfill initiatives, which see to it that a product is reused instead of being sent to a landfill or incinerator. The Ace Hardware Import Redestribution Center in Suffolk, Va. has been enjoying zero landfill status for over a year, and the counterpart facility in Kent, Wash. is 95% of the way there.

April 18, 2014

 

In Canon City, Colo., Fontana True Value is carrying a new stamp of approval: “True Value Best Hardware Store in Town.”

Jim Fontana and Susan Palladino accepted the designation during a True Value Co. ceremony in Atlanta, during which 13 stores were honored.

In Canon City, Fontana True Value is known for empowering employees to make decisions, including returns and price matching. 

“Every day I get customer feedback about how friendly and helpful the employees are,” said Fontana. 

April 7, 2014

Do it Best Corp. entered the Elite 100 annual rankings conducted by Information Week. The recognition was linked to the co-op’s development and implementation of a dedicated app for its Sneak Peek sales events at its May and October markets. 

April 1, 2014

Oak Brook, Ill.-based Ace Hardware Corporation is hoping to gain a sales and marketing boost from its 90th anniversary.

To commemorate the occasion, Ace is hosting a nationwide promotion April 2-7, during which time customers can get 20% off gallons of Clark+Kensington paint+primer in one, as well as special offers on a variety of lawn, garden and outdoor living items. Some home maintenance products will also be priced at 90 cents in honor of the milestone.

March 28, 2014

Chanute, Kan.-based Cleaver Farm & Home was recognized by Chicago-based True Value Co. as one of 13 “Best Hardware Store in Town” honorees.

Accepting the award at a True Value hosted ceremony were Chris and Jason Cleaver. 

The retailer converted to the co-op’s Destination True Value format in spring 2013, and the owners see continued community support along with opportunities for growth. 

The farm-and-ranch segment has been an area of focus for the wholesaler, which describes the segment as its fastest growing. 

March 27, 2014

Oak Brook, Ill.-based Ace Hardware Corporation, the industry’s largest retailer-owned hardware cooperative, recognized Les Orchekowsky of Sierra Vista, Ariz., with Ace’s first-ever Ray A. Griffith Retail Leadership Award.

Named after Ace’s former CEO Ray A. Griffith who retired in March 2013, the award will be given annually to the Ace retailer that most personifies Griffith’s outstanding leadership traits and exemplifies Ace’s core values.

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