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May 21, 2014

Dennis May, president and CEO of Indianapolis-based appliance and home products retailer hhgregg, said he remains excited about the current fiscal year, despite the company’s $7.2 million net loss for the three months ended March 21.

May 18, 2014

Indianapolis -- Rich Lynch, who was named VP of marketing for Fort Wayne, Ind.-based Do it Best Corp. back in March, said he learned some valuable lessons about retail from his teenage years as a hardware store employee -- and also from his years as a marketing executive for Jim Beam.

Lynch met with the media here during the co-op's May Market. And with the words "helping members grow" stitched into his shirt sleeve, he talked about the importance of staying ahead of society's online movement and balancing all the "ingredients" of a successful hardware store.

May 16, 2014

Indianapolis -- Do it Best VP merchandising Steve Markley pointed to opportunities in farm-and-ranch products as well as home-automation technology during the co-op's May market merchandising preview.

May 1, 2014

Indianapolis-based appliance and electronics retailer hhgregg Inc. hired Troy H. Risch as chief operating officer.

Risch joins hhgregg from RadioShack, where he served as executive VP store operations. Prior to this, he held a variety of operational leadership positions with Target Corp., including executive VP stores. Risch will assume the COO position on May 5, 2014.

December 27, 2013

Indianapolis-based appliance and electronics retailer hhgregg is searching for a new CFO after accepting the resignation of Jeremy J. Aguilar.

Aguilar, who was the company’s CFO and secretary, is leaving for a similar job at another company.

December 10, 2013

It’s been a busy summer and fall for HCN: Its editorial staff was taken to many corners of the great United States in pursuit of emerging brands and game-changing products. We were happy to see many industry heavyweights at several of the big trade shows this year, as well as a few hidden gems in the home improvement aisle. From old favorites to promising newcomers, here are a few highlights from the reporter’s notebook.

December 4, 2013

Edible Garden, a hydroponic herb and produce subsidiary of Terra Tech Corp, has signed a distribution deal with Indianapolis-based Heartland Growers.

The move seeks to expand Edible Gardens' presence in the Midwest, with Heartland cultivating, packaging and shipping its full line of produce in the region.

November 4, 2013

The Pocket Hose, a Telebrands product with the “As Seen on TV” tag, is getting some competition, according to the merchants at Do it Best. 

During the co-op’s recent merchandise review at it’s Indianapolis market, lawn and garden merchant Gary Loosle pointed to the growing field of expanding hoses.

October 22, 2013

Indianapolis -- During its annual shareholders meeting, Do it Best Corp. CEO Bob Taylor and chairman of the board Tom Lamberth leaned on a variety of statistics to describe the state of the co-op. 

Most metrics were in the positive column, with annual gross sales up 4.4% to $2.80 billion, compared with $2.68 billion in 2012, which had an extra week on the calendar. (The co-op’s fiscal year ended June 29.) 

October 22, 2013

Indianapolis -- One of the annual traditions at the Do it Best October market is the release of the vendors of the year list, selected by the Fort Wayne, Ind.-based co-op. 

According to Do it Best, vendors on the 25-category list “provide the best product offerings and pricing to keep our member-owners competitive.”

October 22, 2013

Indianapolis -- In addition to merchandise and networking, the Do it Best Market included opportunities for the co-op to promote some of its key programs to its member base.

Chief among them is the co-op’s consumer-friendly rewards program called “Best Rewards. “If there's one program for you to embrace in 2014, I hope that Best Rewards is at the top of your list,” said CEO Bob Taylor during his shareholders meeting address. “It’s that powerful.” 

October 21, 2013

Indianapolis -- Retired Do it Best Corp. CEO Don Wolf re-entered the spotlight Sunday night at the co-op's October market shareholder meeting.

Wolf received the state’s highest honor -- the Sachem Award for leadership and character -- hand-delivered by Governor Mike Pence.

October 19, 2013

Indianapolis -- Do it Best Corp. members appear to be buying into the idea of a recovery. At the co-op’s October Market here, which runs through Oct. 21, sales of Sneak Peak merchandise amounted to $8.8 million in 90 minutes, a new record. 

“The October market always provides our members a wealth of opportunities to learn, connect and plan for the year ahead,” said Do it Best Corp. President and CEO Bob Taylor. 

May 29, 2013

Indianapolis -- Bob Taylor has a good memory for weather conditions.

Back in March, the Do it Best Corp. CEO flew out of Fort Wayne, Ind., with the thermometer reading 14 degrees. On exactly the same day the year before, traveling to the same business event, the temperature was a balmy 83 degrees.

May 20, 2013

Indianapolis -- Speaking to the collected body of Do it Best Dealers during the co-op's Merchandising Market Preview here, Steve Markley described light bulbs as a high-interest, high-reward category. 

May 19, 2013

Indianapolis -- A number of innovations, events and product deals helped draw thousands of member-owners to the 2013 Do it Best May Market. 

“From the strong member response at the Sneak Peek, to the solid attendance at our many seminars and training events and continuing out to the bustle on the market floor, we’ve seen a lot of enthusiasm among our members this weekend,” said Do it Best Corp. President and CEO Bob Taylor.

March 15, 2013

L&W Supply Corp. celebrated achieving the Voluntary Protection Program (VPP) Star designation from the U.S. Occupational Safety and Health Administration (OSHA) for the L&W Supply, Indianapolis Drywall Supply branch.

February 14, 2013

Nobody thought intermittent leave would be a problem when the Family and Medical Leave Act (FMLA) was enacted 20 years ago, on Feb. 5, 1993.

December 13, 2012

Sullivan Hardware & Garden of Indianapolis is no stranger to recognition in the local media. But its latest “best of” Indianapolis title marks what might be considered a strange departure.

The store won the Indianapolis Monthly’s “Best Retro Soda Pop” award.

November 28, 2012

Terry Bradshaw is no stranger to the home improvement arena. The former football quarterback and current sportscaster was recently a Kickoff Breakfast speaker at a Do it Best market in Indianapolis, a guest keynoter at a BMC sales meeting in Las Vegas, and years ago was the featured speaker at HCN's own Pro Dealer Conference.

He's now playing for Ferguson, the plumbing and HVC giant.

October 15, 2012

Indianapolis -- Do it Best Corp. reported sales growth of 11.2% for fiscal year 2012, and celebrated its ninth consecutive year of $100 million-plus in member rebates.

The Fort Wayne, Ind.-based co-op reported sales of $2.68 billion for its fiscal year ending June 30. Even more interesting to members was the size of the member rebate, which exceeded $100 million for the ninth year in a row. The $115.7 million rebate marks an increase of 9.4% over last year’s end-of-year rebate, and stands as the fourth highest ever. 

October 11, 2012

Expectations are running high for attendance and business at the Oct. 13 to 15 Do it Best October Market in Indianapolis.

Do it Best Corp. executives say the interest in the market can be seen in several key measures, including a notable increase in member registrations for the October event, which covers both the number of stores represented as well as total employees attending. Pre-registration for the fall market’s Education Day seminars, of which nearly 30 sessions are scheduled, is also up.

October 1, 2012

Attendance numbers are expected to increase at the Do it Best Fall Market in Indianapolis, which officially kicks off Oct. 13.

An early reading about five weeks ahead of the upcoming October market showed double-digit percentage increases in store attendance, and increases in total badges even higher.

“It’s a dramatic difference,” said CEO Bob Taylor. “We’ll have to see, but it’s a great early sign that maybe [the industry] turned a corner.”

September 28, 2012

One of the challenges facing independent hardware stores in late 2012, as an election looms and uncertainty reigns, can be classified under the headline: “Good problem to have.” Specifically, it’s the challenge of managing a business through an upswing.

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