Ace Hardware to sell Craftsman tools
Ace Hardware and Sears Holdings announced jointly on Feb. 19 that Craftsman products, until now the exclusive brand of Sears and Kmart stores, will soon become available through Ace Hardware stores.
Under the initial phase of the agreement, 100 Ace stores will offer an assortment of Craftsman hand tools, portable power tools, compressors, wet/dry vacs and tool storage this May. The following month, Ace will promote a number of Craftsman products, giving all 4,500 Ace stores the opportunity to offer the Craftsman brand to customers.
“This is an exciting, strategic move that expands access to Craftsman for existing and new customers,” said Bruce Johnson, interim CEO and president for Sears Holdings. “Offering an assortment of Craftsman products more broadly through Ace locations will strengthen the Craftsman brand, which already has an incredible reputation for innovation, quality and trust.”
The press release made no mention of which 100 stores would be part of the initial rollout or how Ace would handle Craftsman’s renowned lifetime guarantee for its hand tools.
Around the Web: hardware, paint stores merge
Phillips Hardware, a family owned chain of hardware stores based in Albany, N.Y., will open in Schenectady, N.Y. at the site of a Passonno Paint store, according to an article in the Business Review. The 5,000-sq.-ft. store will be converted to a hardware format but will exclusively sell the Passonno paint brand, the story said.
The remodeled store is expected in open in mid-March. It will be the seventh location for Phillips Hardware, which is affiliated with Do it Best Corp.
House-Hasson to expand Knoxville warehouse
Knoxville, Tenn.-based House-Hasson Hardware has announced it will be making approximately $1 million in expansions to its Knoxville warehouse to accommodate expanded inventory and approximately 50 additional employees.
The company said the expansion stems from its recent acquisition of hardware distributor Moore Handley and has resulted in an additional 100 employees company-wide.
House-Hasson said it would be adding a 50,000-sq.-ft. mezzanine, six new truck bays and a 50,000-sq.-ft. parking lot to its existing 350,000-sq.-ft. warehouse. Construction is expected to take three months.
“Our facility additions will ensure continued efficient operations with our expanded inventory and a smooth flow of goods to our customers. The result is growth in our employee family and improvements to our facilities,” president Don Hasson said.
House-Hasson distributes to more than 1,000 independent hardware dealers in 12 states and the Caribbean.