DISTRIBUTORS/CO-OPS

Do it Best breaks ground in Missouri

BY Ken Clark

Officials from Do it Best Corp. put shovels to dirt Thursday morning as they officially broke ground in Sikeston, Mo., at the site of what will be the co-op’s newest and most technologically advanced Retail Service Center (RSC).

Do it Best Corp. president and CEO Bob Taylor joined local and regional civic and economic development leaders at the groundbreaking event at the 103-acre site in the Sikeston Business, Education and Technology Park on Rose Parkway. The new facility will replace the co-op’s original facility in nearby Cape Girardeau. Once complete, the new RSC will feature 550,000 sq. ft. (16 million cubic feet) of warehousing space.

“This is an exciting day for us, to be able to get the construction of this new facility under way,” Taylor said. “Not only will it help us continue to meet our members’ current needs, but it will strategically and competitively position us for future growth. And, as we continue to expand the programs and services we offer our member-owners, this new facility will lead the way in helping deliver them to our members as efficiently and cost-effectively as possible.”

Do it Best Corp. officials expect the new Sikeston RSC to be complete and operational by 2014. It will serve Do it Best Corp. member-owners in Alabama, Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Mississippi, Missouri, Nebraska and Tennessee. The new RSC will replace the Cape Girardeau RSC, which was built in 1971 and was the first of the co-op’s facilities located outside of Indiana. 

The co-op operates a total of eight distribution centers nationwide.

In addition to increased size, the new RSC will feature a number of new technological advances and initiatives, including a new voice-pick system, which has virtually eliminated order filling errors and will help maximize workflow. 

 

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Ace appoints new CFO

BY HBSDealer Staff

Ace Hardware has named William Guzik as the company’s new chief financial officer, effective July 9. Guzik, 52, will oversee all financial-related activities, including accounting operations, financial strategy, risk management, treasury, investor relations, planning and reporting.

“Bill brings a wealth of experience and leadership in strategy, finance and operations to this role,” said Ray Griffith, president and CEO of Ace. “We are pleased to welcome Bill to the Ace family as a valued team member who will help shape Ace’s ongoing results-focused strategic initiatives.”

Prior to joining Ace, Guzik was executive VP and chief financial officer at Midas International for 13 years. He has also held executive leadership roles at PriceWaterhouseCoopers, JG Industries and Delray Farms.

Guzik is a certified public Accountant and holds a Bachelor of Science degree from DePaul University. 

 

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Westlake Ace to close Missouri store

BY Brae Canlen

Westlake Hardware will close an underperforming store in St. Charles, Mo., on July 1, according to an article in St. Louis Today.

In a statement, the company said that "financial performance has not been at the level necessary to enter into a new long-term lease agreement."

The store opened in 2007.

Westlake, the largest Ace Hardware chain, operates 88 hardware stores in seven states.

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