One of three divisions of Hardware and Lumber, Rapid True Value plans on remodeling other units in partnership with Chicago-based True Value, according to the article. Consumers can expect at least two new products on the store shelves immediately: a premium paint called Painter's Select, and a new laminated flooring system, Allure. Stores typically measure 6,000 sq. ft.
Rapid True Value’s parent company, GraceKennedy, is in the process of outsourcing its warehousing and distribution, the report said.
"The tenders are being evaluated now," said Don Wehby, GraceKennedy group chief operating officer. "We have received four expressions of interest, all from local companies, and we expect a management company to be in place before the end of the financial year. We hope to see significant savings from adopting a similar approach to the outsourcing of this activity as with the management of our distribution center."
In January, GraceKennedy outsourced the management of its $2 billion distribution center to U.S. transport and logistics company Landstar of Jacksonville, Fla.