Content about News - Co-ops

October 20, 2014

Indianapolis -- Do it Best Corp. distributed more than a $100 million in member rebates during the co-op's annual shareholders meeting Sunday night. 

It was the 11th consecutive year of $100 million-plus rebates, and another chance for CEO Bob Taylor to present his state-of-the company report -- emphasis on members growing their business and overcoming challenges.

October 17, 2014

Indianapolis -- The Do it Best Fall Market is under way in Indianapolis, where dealers and vendors will be conducting business through Monday afternoon. 

Friday’s events included a day of education, as well as a Power Preview in Victory Field. Here at the home of the Indianapolis Indians, dealers get a taste of the latest in outdoor power equipment, plus a tasty samples from the grill exhibits.

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 13, 2014

Denver -- Though many of the usual suspects were on-hand at the 2014 True Value Fall Reunion, more than one of the show floor's sizzling merchandise developments took place among the grills.

Relatively new to the hardware scene is Traeger Grills, a line of sleek wood pellet grills that now feature a Digital Pro Controller with dual meat probes, a removable grill shelf and EZ-Fold legs for added portability.

The grills can also double as convection ovens, opening the door to all kinds of possibilities that include hickory-smoked chocolate chip cookies.

October 13, 2014

Washington, D.C.-based Logan Hardware, a member of the nine-store Ace Chain "A Few Cool Hardware Stores," has officially reopened the doors at its new location after months of construction.

Effective Oct. 9, the store was open to customers, though the store is still in the process of completing certain renovations.

October 12, 2014

 

Denver – True Value unveiled big plans for its advertising in 2015. In President and CEO John Hartmann's words, "the changes will be transformational, and I mean like we haven't advertised in over a decade."

Hartmann left it up to SVP & Chief Customer Officer Blake Fohl and SVP & Chief Merchandise Officer Ken Goodgame to deliver the news of an expanded national TV branding campaign. They described a national television program with ten times more spend in 2015. 

October 12, 2014

Denver -- The General Session at the 2014 True Value Fall Reunion in Denver opened with a few words of inspiration from chairman of the board Brent Burger.

"As you can see from the agenda card, we have a very full program this afternoon and I promise you that it will be one of most exciting General Sessions we have ever had," said Burger, the owner of five Campbell's True Value locations in Maine.

October 9, 2014

The exhibit floor of the 2014 True Value Fall Reunion, taking place this year in Denver, Colorado, officially opens on Friday, but some early activities are already under way.

Visitors filed into the Colorado Convention Center Thursday afternoon, where drinks and hors d'oeuvres were on-hand at the Farm & Ranch Reception.

The throngs then proceeded to the show floor to get a sneak peek of this year's farm & ranch section, where feed, pet products and lawn & garden products were prominent.

October 8, 2014

Lumber and building material buying cooperatives PAL and ENAP announced they have signed a non-binding Letter of Intent to merge. The companies enjoy strong dealer support in the Midwest and East markets, respectively.

September 24, 2014

BlueTarp Financial announced that Ace Hardware Corporation has selected BlueTarp as the preferred commercial credit program for its Ace stores. 

The move brings BlueTarp closer to the Ace organization, members of which can choose to participate. The program is rolling out on a limited bases currently, with broad availability targeted for the fourth quarter.

September 23, 2014

Do it Best is giving customers a nudge timed with the onset of football season -- and it comes with promotions and opportunities to win prizes.

The co-op sent out an email blast Monday promoting its grills, coolers, snacks, plates and utensils.

The newsletter also touted Do it Best's Black & Decker Fall Cleanup Giveaway, with prizes which total over $700 in Black & Decker products.

September 22, 2014

Orlando, Florida -- With Internet sales growing faster than other channels across the U.S. retail scene, Ace Hardware rolled out a new Web-embracing deal for dealers.

In essence, retailers that sign up for Ace’s In-Store Pick Up service receive 100% profit on Internet sales, up from 70%.

September 19, 2014

Ace Hardware is expanding its use of the services of eBay Enterprise to deliver omnichannel In-Store Pickup services to its customers, which is due to be implemented in a total of 1,000 stores nationwide.

September 17, 2014

Orlando, Florida -- Financing and technology were among the new-and-improved tools that Ace Hardware executives rolled out onto the stage of the Ace Hardware general session here Wednesday morning.

At the same session, the co-op rallied around the morning's slogan "Building Momentum," and executives had statistics to back it up.             

August 28, 2014

Ace Hardware Corporation has employed the wares of Digital Lumens in upgrading the lighting of its 1-million-sq.-ft. Retail Support Center in Rocklin, California.

The facility has been outfitted in Digital Lumens Intelligent LED Lighting since October 2013, saving Ace an average of 81% on lighting-related energy use, the company said.

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.