Orlando, Fla. -- Ace Hardware CEO John Venhuizen took the stage in Orlando during the co-op’s Fall Convention and energetically spelled out reasons for Ace stores to be optimistic. He also declared: “We lack the luxury to stand still.”
True Value’s Kevin Rewerts, divisional VP of merchandising for automotive-pet-farm & ranch, said the co-op’s five-year plan to grow the farm-and-ranch-and-pet business by $100 million is on track.
In an interview with HCN, Rewerts added that the pet division is taking on a retailer’s-best-friend role at the co-op, and has emerged as the fastest growing category at True Value.
Boston -- Orgill's Jim Wilson, VP of Worldwide Sourcing for the Memphis-based distributor, is philosophical about the role of house brands like MintCraft, Tool Basix and Vulcan.
"We're doing this because it adds value and our customers tell us it's a good thing to do," he told HCN during on the market floor of Orgill's Boston Dealer Market here. "If this was no longer a value, we would exit these categories and lines, but I don't see that happening here or anywhere else in the retail environment."
The Home Depot saw positive comps in all of its departments during the second quarter, which was described by executives as one of the best quarters in the company's recent history.
Craig Menear, executive VP of merchandising pointed to four key factors for the success: strong summer events, a recovering seasonal business, commodity inflation and strength across the remainder of the store.
Moorsesville, N.C.-based Lowe's said it expects to complete its West Coast acquisition of 72 Orchard Supply Hardware stores by the end of August. When that happens, current CEO Mark Baker will be replaced at the helm of Orchard Supply by Lowe's executive Richard D. Maltsbarger, the retailer announced yesterday.