Content about Co-op news

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 29, 2014

True Value Company reported strong results in the second quarter, with a revenue boost of 4.5% driven largely by an expanded assortment of farm, ranch, automotive, pet, seasonal and plumbing products.

Reported revenue for the co-op was $429.5 million for the three months ended June 28, compared with $411.2 million year-over-year.

July 10, 2014

Customers in Utah, Nevada and Wyoming can now buy NuvohH2O's water softeners at certain Ace Hardware stores, the supplier announced Thursday. 

Instead of using salt like most water softeners, NuvoH2O's products work with the help of a citrus agent and don't require electricity, brine tank, drain or soft water loop to work/. The absence of salt reduces buildup on fixtures and shower doors.

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

While staff and service remains the most influential factor in satisfaction once customers are at a home improvement retail store, price is what drives customers to a retailer in the first place, underscoring the importance of competitive differentiation efforts via better price and value perception, according to the J.D. Power 2014 Home Improvement Retailer Satisfaction Study released today.

The survey results also showed Ace Hardware at the top of the 2014 Home Improvement Retailer Satisfaction Study, followed by Menards and Lowe’s.

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 21, 2014

The NRHA set its sights on Joe Taylor, president and CEO of Taylor's Do it Centers in Virginia, as one of three 2014 "Top Gun" honorees from around the industry.

Taylor was recognized for his role in continuing the robust legacy of the Taylor's tradition, which has given rise to 11 retail locations statewide and spans four generations. In acknowledgment of its history, robust numbers and adaptability, It's credited as one of the nation's most successful family-owned hardware operations.

May 20, 2014

Aniel Wade, an employee of Vision Ace Hardware in LaBelle, Florida, rescued a family from a burning building in February, a feat that earned him a full-page writeup in the recent issue of Men's Health, in which he was dubbed an "Everyday Hero."

According to multiple media reports, 20-year-old Wade was busy making deliveries in Alva, Florida, when he came upon a burning house with an elderly woman out front, gasping for air.

May 20, 2014

Brent Burger, True Value chairman and owner of five Campbell's True Value locations in Maine, was honored recently by the NRHA as one of its three industry "Top Guns" of 2014.

Setting Burger apart is his track record of promoting growth for the chain of hardware stores, as well as his commitment to his community as president of the True Value Foundation.

Burger has been on the True Value board since 2007 and has been serving as chair since 2013. Before joining the company in 1999, he worked for Starbucks Corporation and TCBY Enterprises, Inc.

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 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.

April 28, 2014

Do it Best Corp. has named Gary Hoffmann to lead a seasoned business development team in the newly created role of national multi-location sales and business development manager, effective immediately.

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.