Content about Chicago

December 17, 2014

The True Value Company CEO starred in CBS television’s season six premiere of “Undercover Boss.” Here’s the episode.

Chicago -- True Value President and CEO John Hartmann said the co-op has enjoyed strong positive feedback from its participation in the CBS television show “Undercover Boss,” which aired Sunday night.

December 16, 2014

The Keeney Manufacturing Company and Plumb Pak, a plumbing industry supplier, welcomed John Watkins to its sales management team.

Watkins is responsible for key account sales and will be based out of Chicago. 

He is a graduate of Purdue University and brings 15 years of experience working with leading retail and wholesale accounts in the plumbing and hardware industry, the company said. 

December 14, 2014

The former FBI agent and current CEO of Chicago-based True Value Company went undercover on the CBS TV show "Undercover Boss" broadcast Sunday night. 

After driving a forklift, working a cash register and helping customers on the floor, John Hartmann uncovered himself as president and CEO during a reveal that packed an emotional punch. 

[See 10 moments from the CBS episode here.]

November 25, 2014

A price index of lumber and panels used in actual construction for Nov. 21, 2014

October 19, 2014

 

Chicago Sure, millennials arent buying as many houses as the youngsters of previous decades. But there are plenty of other trends in home improvement that bode well for forward-thinking companies.

October 16, 2014

Chicago -- October is the most exciting month for Wall Street, and that's often not a good thing.

Josh Rosenbaum, managing director of RBC Capital Markets, has led Wall Street-focused presentations several times during the month of October in years past -- including scary months from the depths of the housing and financial crises.

October 16, 2014

As part of a broad strategic plan, True Value unveiled a new approach to merchandising and pricing during the Chicago-based co-op’s General Session in Denver.

One takeaway: expect fewer opening price points in the True Value assortments. “No one makes money on opening-price-point product,” said Ken Goodgame, True Value’s senior VP and chief merchandise officer.

October 9, 2014

True Value has hired Jean Niemi, a former Home Depot communications executive, as the Chicago-based co-op’s new senior director, corporate communications. 

A veteran communications executive with more than 15 years of experience at Fortune 500 corporations and leading public relations agencies, Niemi will lead and oversee all media relations, executive engagements, employee and retailer communications, and manage the corporate communications team.

September 29, 2014

The HCN Top 100 Distributor Scoreboard, measuring two-step distribution sales for building material and hardlines distributors, included multiple errors and omissions. 

• Chicago-based True Value Company’s wholesale sales should have been listed as $1.90 billion, up 1% from the previous year. The original figure published in the September issue was incorrect. HCN regrets the error.

September 10, 2014

One of the few predictable repercussions of the Home Depot data breach saga is the proliferation of lawsuits related to the unfolding story.

One day after Home Depot confirmed that a data breach had occurred that “could potentially impact any customer that has used their payment card at our U.S. and Canadian stores, from April forward,” the lawyers piled on.

September 4, 2014

Though LDR Industries, a Chicago-based plumbing products company, filed for Chapter 11 bankruptcy on Thursday, its owners expressed optimism over its prospects for a sale.

"LDR is a strong viable business," said Bill Underwood, president and CEO. "It is currently involved in a dispute with U.S. Customs, and this is the best way to resolve that dispute."

August 15, 2014

Chicago -- Ideas for loyalty in a competitive climate came fast and furious during an educational session here at the Orgill Fall Market.

The session, called "How to effectively use a customer loyalty program," was led by Theresa Neal, head of new business development for Eden Prairie, Minnesota-based Pro/Phase Marketing. The company's RepeatRewards program has a business relationship with Orgill, providing a menu of real-time loyalty services.

August 14, 2014

Chicago -- Orgill's 2014 Fall Dealer Market kicked off Thursday morning here at McCormick Place with showcase categories, model stores and deep-discount "Door Busters."

The three-day event runs through Saturday.

On the show floor, four product areas are designated as showcase categories -- hand and power tools, winter and wild bird assortments, spring products and maintenance and repair.

August 5, 2014

Noted futurist J. Walker Smith will kick off the Home Improvement Research Institute’s 2014 Fall Conference. This year’s conference is titled "Managing The Future in Home Improvement" and will be held on Oct. 16, 2014, in Chicago. 

Smith is executive chairman of The Futures Company, a market research and consulting firm. His topic is described as “Planning for the Future of Home Improvement.”

July 23, 2014

Chicago-based Building materials company USG is looking to highlight the best drywall finishers by rolling out a new Building Greatness program.

The program takes the form of a contest whose winner gets a trip to the 2015 Pan American Games in Toronto. Contestants can submit photos of drywall finishing jobs they’re proud of to USG through March 1, 2015.

July 22, 2014

When a local television station in Chicago broke a story earlier this month about workers picketing over a company’s bathroom policy, John Fitzgerald, VP marketing at Chicago Faucets found the story interesting.

“The company was the WaterSaver Faucet Co.,” Fitzgerald said. “We compete with them in a niche area of faucets, and I’m always interested in what my competitors are doing. I had no idea that a few days later, our own company would mistakenly become the subject of that story.”

July 17, 2014

DXV by American Standard, a new flagship luxury bathroom and kitchen brand launched this spring, will be available at Pirch locations across the country beginning August 2014.

Pirch operates four luxury show rooms in California and another in Chicago.

July 14, 2014

The 3-D printer movement got a boost months ago when Home Depot began offering 3-D printers and scanners for sale through its website.

Now the world’s largest home improvement retailer is bringing the products to shelves in select markets. Home Depot is introducing MakerBot 3-D printers and scanners in select stores in Chicago, New York City, Los Angeles and San Francisco.

June 25, 2014

USG Building Products is pitching in to help children and families in Chicago's South Side neighborhood, joining other companies and organizations at the American Institute of Architects' annual conference.

The effort will see AEC Cares, USG, Metropolitan Family Services of Chicago, Reed Construction Data and Hanley Wood join together to renovate a 30-year-old building in the neighborhood where many local infants, toddlers and preschoolers go for daycare and early learning.

June 18, 2014

Blanco, the German manufacturer of finely crafted sinks and faucets, earned a 2013 Good Design Award for its stainless steel Blanco Attika top-mounted kitchen sink. 

The sink with its elevated rim geometry won in the Kitchen/Appliances category.

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 20, 2014

Gibbs True Value Hardware in Grayson, Kentucky, 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 earlier this year were C.C. and Julie Gibbs. 

The store was the first in the state of Kentucky to adopt the Destination True Value format. The store also offers niche categories, such as fireplaces, outdoor power equipment and a Just Ask Rental business.

April 30, 2014

Chicago-based True Value Co. senior VP and CFO David Shadduck liked what he saw during the first quarter, and didn't hesitate to describe the cold and snowy winter as a net gain for the co-op's 4,500 retailers.

The co-op reported gross billings of $460.1 million for the quarter, up 3.6% from $444.2 million for the same period a year ago. Revenue was $331.5 million, an increase of 6.0%.

April 29, 2014

Pointing to success of an expanded farm, ranch, auto and pet assortments, Chicago-based True Value posted gains in gross billings and revenues for the first quarter ended March 29.

The co-op reported gross billings of $460.1 million for the quarter, up 3.6% from $444.2 million for the same period a year ago. Revenue was $331.5 million, an increase of 6.0%.

The cooperative posted a quarterly net margin of $0.9 million, up slightly from $0.4 million a year ago.