At last week’s True Value Fall Reunion, the message from the co-op’s leadership was clear: Change is here. The company’s new CEO, John Hartmann, and chairman of the board, Brent Burger, were formally introduced during the Reunion’s general session Sept. …
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Vendor2Member Announces Launch Date to Ace Hardware and Do It Best Corp. Retailers
Vendor2Member, the hardware industry’s largest directory of co-op specific dropship products, announced its dropship directory will be made available to Ace Hardware and Do It Best Corp. retailers on Feb. 17, 2014. Co-founder Alex Smith, a former Ace Hardware general …
Read More »Ace Talks Growth at Fall Convention
Retailers and vendors gathered Tuesday at the Orange County Convention Center in Orlando for Ace’s Fall Convention and Exhibits. From the co-op’s executives at the general session on Tuesday morning to the retailers shopping the show floor, the message was …
Read More »Ace’s Same-Store Sales Up in Second Quarter
Ace Hardware reported total revenues of $1.2 billion for the second quarter, up 9.7 percent from the same period last year, which the co-op attributes to sales increases “in virtually every department” at both the wholesale and retail levels. Same-store …
Read More »True Value’s Revenue Up 2Q
True Value reported revenue of $411.5 million, an increase of 1.0 percent for the same period a year ago, for the second quarter. The quarterly net margin for the co-op was $23.8 million, up 7.2 percent from a year ago. …
Read More »United Hardware Highlights Niche Categories at its July Buying Market
Attendees looking for niche categories to add value to their product offerings saw two options front and center at the United Hardware July Buying Market, held July 12-14 at the Minneapolis Convention Center in Minneapolis. In addition to the usual …
Read More »Ace Hardware Plans to Build Distribution Center in Central Ohio
Ace Hardware has plans to close its distribution center near Toledo, Ohio, and move it south to the Columbus area by the end of next year, according to the Columbus Dispatch. It was a corporate decision to close the facility, which …
Read More »Former NRHA President Celebrates 30 Years of Business in Central Florida
Three decades ago, Central Florida businessman and former North American Retail Hardware Association President Walter Toole purchased the existing Bray Hardware, a fixture in Winter Garden, Fla., since it was established there in 1906. His company, Toole’s Ace Hardware, has …
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