Mike Altendorf, vice president of information technology for Do it Best Corp., is retiring after working more than 30 years in the independent home improvement industry. Altendorf joined Do it Best Corp. in 2009 as director of IT business planning …
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Ace Hardware CEO: Focusing on Logistics, Labor and ‘Rational Optimism’
The Ace Hardware Spring 2018 Convention & Exhibits brought together independent retailers, vendors and Ace corporate personnel in an environment designed for easy product ordering and sharing information. Ace Hardware CEO John Venhuizen addressed retailers at the convention, emphasizing three …
Read More »Lowe’s Canadian Operations Evolve With Marcil Brand Change
Lowe’s presence in Canada has been evolving over the past four years, with business acquisitions and branding changes included in the company’s growth strategy. One of its newest changes is the rebranding of 17 home improvement stores Feb. 26 in …
Read More »Ace Hardware’s Revenue Up Again in Q3
Ace Hardware Corp. reported growth in revenue and net income for the third quarter of 2017. The cooperative released its financial results Nov. 16, calling revenues of $1.34 billion a record for the company. Revenue for the quarter grew 9.1 percent …
Read More »Westlake Ace to Acquire 7-Store Operation in Chicago
Westlake Ace Hardware announced today it has entered into an agreement to acquire Buikema’s Ace Hardware, an independently owned business that operates seven stores in the Chicago area. The acquisition will be finalized on Jan. 2, 2018. According to Westlake, Buikema’s …
Read More »Ace-Sponsored TV Show ‘Make48’ Goes National
A TV show that Westlake Ace Hardware has sponsored in the past now has a sponsorship from Ace Hardware Corp. and debuted nationally this fall. “Make48” features several teams of inventors competing against each other to create new consumer products …
Read More »New Hampshire Store a Haven for Local Beekeepers
In the town of Plymouth, New Hampshire, locals have taken it upon themselves to help the bee population flourish. Not only do they collect honey, but the main goal is for the bees to stay strong and pollinate other plants as well. …
Read More »Why Did Ace Hardware Buy an E-Commerce Business?
John Venhuizen, Ace Hardware president and CEO, recently took questions from Hardware Retailing about the co-op’s purchase of The Grommet, an e-commerce startup company. Ace announced the purchase Oct. 3. Hardware Retailing (HR): Why did Ace purchase a majority stake in The Grommet? John Venhuizen (JV): There …
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