Content about co-operative

May 16, 2011
In first quarter, Ace posts fourth straight sales gain

Oak Brook, Ill.-based Ace Hardware Corp. reported total revenues of $845.0 million in the first quarter, up 2.8% from the same quarter a year ago. 

Merchandise sales to comparable domestic stores increased 2.2% in the first quarter.

Net income for the hardware cooperative declined to $6.8 million, down from $11.8 million in the same quarter last year.

April 18, 2011
ENAP recognizes Vendors of the Year

New Windsor, N.Y.-based lumber and building material co-operative ENAP has announced its 2011 Building Products Vendors of the Year honorees.

March 17, 2011
Buying Desk program to boost Hardware Show

Orgill, Distribution America, Ace Hardware, True Value and Lancaster make up the list of co-ops/distributors signed up for the new Buying Desk Program so far, according to organizers of the National Hardware Show.

Independent retailers attending the May 10-12 event in Las Vegas will have instant access to new products introduced at the event  through the show’s new Buying Desk Program. On the flip side, suppliers attending the 2011 event will be able to sell products to independent retailers through their existing co-operative and distributor programs.

January 3, 2011
ENAP looks to replace retiring CEO

Russell Kennedy retired as president and CEO of ENAP, the New Windsor, N.Y.-based lumber and building material co-operative.

On an interim basis, CFO Steve Sallah will be acting chief operating officer.

Kennedy led the co-op -- the name is an acronym for "Everybody Needs a Profit" -- for the past five years. In a prepared statement, he pointed to his appreciation to and confidence in the current ENAP team.

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