Ace Hardware opens in Ardmore, N.C.
According to an article in the Winston-Salem Journal, an Ace Hardware store opened last week in Ardmore, N.C., just outside of Winston-Salem.
The 6,000 sq.-ft. store replaces a Sportsman’s Supply Co., which was closed since 2008, and could reflect a positive sign for the area’s retail market, according to the newspaper.
Douglas Brown, the store’s owner, opened another Ace Hardware in Greensboro, N.C., in October, the paper said. In Ardmore, one of the interesting features of the Ace store will be a U.S. Postal Service office inside the store. The post office is expected to open in early May.
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RONA prowling for U.S. lumberyards
Canadian home-improvement retailer RONA is still looking for commercial and pro-oriented acquisitions in the United States — and it has as much as C$300 million (US$316 million) to spend, according to a Reuters article.
RONA CEO Robert Dutton told Reuters in an interview last week that his Quebec-based company is focusing on U.S. distributors or commercial and professional-orientated units, rather than customer-facing retail stores.
He pointed out that close to 45% of the pro market is controlled by independents and therefore fragmented.
"We realize that we can be the consolidator in this side of the business in the United States," Dutton said. He added that RONA was prepared to spend between C$50 million and C$300 million on one or more acquisition targets.
RONA has made no secret of its desire to enter the U.S. market and set 2011 as its target date. But now the home-channel company, Canada’s largest with nearly 700 corporate, franchise and affiliate stores of various sizes and formats, has attached a dollar figure to its acquisition plans.
Last year RONA announced its intent to “establish a national platform in the commercial and professional market” in its own country. The C$6 billion firm has made a series of purchases of Canadian building materials stores, as well as recruit independent LBM outlets to join under the RONA brand.
They should approach 84
They should approach 84 Lumber...they need some management and leadership.
CPO Commerce acquires TylerTool.com
CPO Commerce, an on-line retailer of home-improvement products, has announced its acquisition of TylerTool.com, an e-commerce site that sells power tools and equipment to contractors and DIYers. Terms of the deal were not disclosed.
Established in 1999, TylerTool.com offers DeWalt, Makita, Milwaukee, Bosch, Porter Cable, and other brand name tools, as well as compressors, generators and other equipment.
CPO Commerce, based in Pasadena, Calif., operates 30 co-branded home-improvement e-commerce sites. Many of them carry both new and closeout, discontinued and factory-reconditioned products. In 2010 CPO launched ReconditionedTools.com, an online superstore featuring over 2,000 items from over 30 major brands.
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