Content about Minnesota

April 11, 2014

Winona, Minn.-based Fastenal Co. reported net sales of $876.5 million in the first quarter ended March 31, an increase of 8.7% over the same period last year. 

Net earnings increased 2.6% to $111.9 million. 

April 11, 2014

Weyerhaeuser Distribution is buffing up its James Hardie fiber cement siding offerings at its St. Paul, Minn. location. 

The distribution center will now carry the full line of SKUs, which includes the addition of ColorPlus technology, a factory-applied finish that lasts up to two times longer and has 30% better fade resistance.

The full line includes HardiePlank siding, HardiePanel siding, HardieShingle siding, HardieSoffit panels, HardieTrim boards and HardieBacker cement board.

April 10, 2014

Orlando, Fla. -- Here at the 2014 Home Improvement Research Institute (HIRI) Spring Conference, Sarah Catlett, VP of The Futures Company, took a high-level, continental look at consumer marketing.

Catlett kicked off the HIRI conference with a quick look at Target's disappointing venture into Canada. The Minnesota-based retailer's efforts to change the way Canadians shop has fallen short, she said, partly because the company missed consumer and cultural cues. 

April 4, 2014

New Ulm, Minn.-based Shelter Products launched a Therma-Tru door line called Elegant Entrys. Shelter Products will be carrying the complete line of entry and patio doors manufactured by Therma-Tru in their Indiana facility.  

Shelter Products says it believes its relationship with the Therma-Tru Door company is unique, and that they will become the premier distributor of this product.  

March 26, 2014

Improved demand for cabinetry propelled Eagan, Minn.-based Norcraft Companies to a fourth-quarter sales increase of 13%.

The maker of kitchen and bathroom cabinetry in the United States and Canada completed its initial public offering in the fourth quarter, in which sales reached $80.5 million.

March 4, 2014

It’s not just Tractor Supply that’s riding a wave of growth in the sector for hobby farmers and backyard ranchers.

This is not an article about Tractor Supply.

But let’s face it. You can’t write about the farm-and-ranch retail sector without referring to the Brentwood, Tenn.-based giant either as a competitor or as a role model.

January 31, 2014

Valspar Corp. has pledged $1 million to the University of Minnesota College of Science and Engineering over the next five years, provided through the Valspar Foundation.

January 23, 2014

RPM International's Rust-Oleum Group has acquired Citadel Restoration and Repair, a St. Paul, Minn.-based floor coatings business.

"Citadel has an outstanding technology platform that we believe can be rapidly expanded in the marketplace by utilizing Rust-Oleum's marketing and distribution expertise," stated Frank C. Sullivan, RPM chairman and CEO. "Patrick Ilfrey, majority owner of Citadel, will continue to lead the Citadel business as part of the Rust-Oleum Group."

January 15, 2014

Industrial products supplier Fastenal reported fourth-quarter net sales of $813.8 million, up 7.5% from $757.2 million in the same quarter last year. But the company didn't grow as fast as it anticipated.

The Winona, Minn.-based company reported net earnings of $99.2 million, up 0.5% from the previous year's quarter.

January 15, 2014

St. Paul, Minn.-based Seven Corners Hardware, which has served hobbyists, homeowners, contractors and other DIY-oriented customers in the Twin Cities and beyond since 1933, will be closing its doors as a result of a real estate deal, said third-generation owner Bill Walsh, whose father and grandfather previously ran the store.

The company retained Tiger Capital Group to direct the sale of its merchandise inventories and other assets. 

December 26, 2013

Winona, Minn.-based Fastenal Co. said it expects to miss the average analyst net earnings expectations for the fourth quarter of 2013 of $0.36 per share.

The company listed three reasons for the miss. First is weakness in the heavy manufacturing component of the business. This weakness first appeared in late 2012, and intensified in recent months, the company said.

November 12, 2013

The Toro Company's PrecisionSense site assessment system received high marks for innovation at the 2013 Tekne Awards, held by the Minnesota High Tech Association (MHTA) at the Minneapolis Convention Center on Nov. 6.

The company took home the 2013 Tekne Award for Agricultural Technology thanks to its use of mobile soil sensing and data collection technology to measure soil moisture, salinity, compaction, plant performance and more -- all aimed at utilizing water and resources more efficiently.

October 14, 2013

Brainerd, Minn.-based Mills Fleet Farm opened its 34th this month with its signature silo in a building previously occupied by Lowe’s in Cambridge, Minn. 

The Lowe’s store closed in August 2011, after opening in August 2009. 

October 2, 2013

HCN congratulates the 50 hardware store, home center and farm & ranch retailers who made the annual HCN Hardware Store All-Star list.

Now in its third year, HCN's annual list of high performers recognizes hardware stores -- one from each state -- that are outstanding in their field. The complete list and analysis can be found in the September issue of HCN. Meanwhile, HCN Daily will work its way across the country with mini profiles, continuing this week with North Dakota, South Dakota and Minnesota.

September 29, 2013

The 2013 ProDealer Industry Summit slated for Nashville Oct. 23-25 will include a panel presentation on the business of components. 

A panel of pro dealers will share thoughts on best practices that govern truss and other component operations. 

Assembled on the panel are Chuck Bankston, president of Bankston Lumber, Barnesville, Ga.; Peter Alexander, CEO of BMC, Boise, Idaho; and Dale Carlson, president of Lyman Lumber, Excelsior, Minn.

The Component business presentation is set for Oct. 25, at 11:00 a.m. 

September 10, 2013

Bart and Diana Tyler, proprieters of Kelloggs & Lawrence in Katonah, N.Y., and DeWayne Tripp, owner of Hinton (Okla.) Hardware joined an elite crowd in 2013: HCN Hardware Store All-Stars. Their stores made the list, along with 48 other worthy retailers, one from each state.

August 29, 2013

Farm and ranch retailer Runnings will open an 86,000-sq.-ft. store in a former Kmart site in Monticello, Minn., according to an article in the Monticello Times.

August 27, 2013

Minnesota carpet cleaning service Zerorez is filing a lawsuit against its competitor, Distinctive Cleaning, for a litany of complaints that include trademark infringement, false advertising and deceptive practices.

The federal lawsuit filed in the Minnesota District Court on Mon. referenced instances in which Distinctive Cleaning misled its customers regarding Zerorez's patented technology, which claims to clean without leaving residue behind.

August 22, 2013

Lifted by more favorable weather patterns, Bloomington, Minn.-based The Toro Co. reported strong sales in its residential division. 

Residential segment net sales for the third quarter totaled $155.5 million, up 14.4% from the prior-year period. Favorable temperatures and precipitation levels in the quarter led to sales increases across all summer product categories, including riding products, walk power mowers and handheld trimmer and blower products. 

August 12, 2013

Lakeville, Minn.-based Heat & Glo partnered with HGTV personality and interior designer Lori Dennis on the release of a new REVO fireplace and the "Where Will You Revo" contest. 

Contest entries will compete for the grand prize of a new REVO gas fireplace ($6,000 value) or one of seven $100 American Express gift card weekly prizes.

The new REVO Series from Heat & Glo are available in square, linear, and vertical models, all featuring slim, 7-inch-deep profiles and a patented Razor burner for a “sleek look,” according to the company.

July 30, 2013

Green Bay, Wis.-based building materials distributor Amerhart announced that Tom Miller will take over the newly created role of VP supply chain management. 

Miller is a 25-year industry veteran who most recently served the company in the role of national accounts manager.

Amerhart operates several distribution facilities in Wisconsin, Illinois, Michigan and Minnesota. It distributes building materials and lumber products to pro dealers, home centers and industrial accounts.

July 10, 2013

Winona, Minn.-based Fastenal Co. reported second-quarter sales of $847.6 million, up 5.3% from the same quarter last year. The company's net earnings increased 7.7% in the quarter to $121.0 million.

Fastenal had 2,677 stores as of June 30 and at the same time operated 29,549 FAST Solutions industrial vending machines. During the first six months, Fastenal opened 33 new stores.

June 19, 2013

No matter how you slice them, the numbers of the HCN Top 300 Industry Scoreboard reflect the rising housing market, increased spending on the home and an easy comparison with the previous year's performance.

Of the leading 300 home channel retailers, 277 show positive sales in the most recently completed finished fiscal year, and 12 show declines. Eleven others are listed as flat.

May 23, 2013

Bloomington, Minn.-based The Toro Co. reported record highs in sales and earnings for the second quarter, despite a double-digit sales decline in the residential division.

The company posted net earnings of $78.4 million, on a net sales increase of 1.9%, to $704.5 million for its fiscal second quarter ended May 3. 

In the comparable fiscal 2012 period, the company delivered net earnings of $68.8 million on net sales of $691.5 million. 

April 10, 2013

Despite "weakening industrial environment," Fastenal sales are up 4.9% in the first quarter ended March 31.

Winona, Minn.-based Fastenal reported first-quarter net sales of $803.3 million, up 4.9% from $768.9 million in the same quarter last year.

Net earnings for the quarter ended March 31 were $109.0 million, up 8.8%.

Those numbers reflect expansion of the company's footprint. The 2,660-store operator opened 11 new stores in the first three months of 2013, an increase of 0.4% since December 2012.