DISTRIBUTORS/CO-OPS

Do it Best donates $3 million-plus to Habitat for Humanity

BY HBSDealer Staff

Do it Best Corp. has donated more than $3 million to Habitat for Humanity, through a record donation of home improvement products and the completion of a company-sponsored new home build. 

Since 2004, Do it Best has coordinated the donation of a number of home-building materials, products and general goods to Habitat from among the thousands of vendors at the co-op’s semi-annual markets. At the conclusion of its October market, the retail value of goods donated to Midwest Habitat chapters totaled more than $238,000. Overall, since it began the post-market donation campaign in May 2004, the total retail value of goods donated to Habitat chapters has reached $3.2 million.

“Our market donation program continues to direct valuable goods to Habitat chapters in several states, which in turn helps them bring needed housing to many families,” said Bob Taylor, president and CEO of Do it Best Corp. “Through the dedicated efforts of our staff, our member-owners, and many of our market vendors, this program continues to positively impact our communities. It’s just another way we can show our support for Habitat for Humanity and its worthwhile mission.” 

In addition to these donations, the Fort Wayne Habitat for Humanity chapter dedicated its 160th home in Allen County on Oct. 26, which was fully funded by Do it Best Corp. and constructed by its world headquarters staff. The new home is the second build the co-op has sponsored since 2006.

“Fort Wayne Habitat and the community it serves are blessed to have Do it Best Corp. as a partner,” said Justin Berger, executive director of Fort Wayne Habitat for Humanity. “Their people have been tremendous to work with throughout the process and they have definitely impacted our community in a positive, permanent way.”

 

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Rebates set the tone at Do it Best market

BY Ken Clark

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. 

Five members — a new record — earned at least $1 million in rebates for their warehouse purchases throughout the year. 

“We are incredibly excited and encouraged by the success of our recent fiscal year and the ability once again to increase our year-end rebates to members,” said CEO Bob Taylor. 

The co-op points to operational efficiency, zero debt and low overhead as factors in what it calls its “industry-leading member rebate.”

Other signs of growth at the Do it Best October Market at the Indiana Convention Center include a record level of Sneak Peak sales at the Friday night sales event. Members made $8.6 in purchases in 90 minutes.

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Friday night sales are just the beginning for Do it Best Market

BY Ken Clark

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.

The member-owners’ pre-planning activity for the Friday night Sneak Peek buying event, which offers members savings on a variety of popular traffic-driving products, has surpassed $3.3 million. Just as importantly, according to the co-op, member savings on those planned purchases is nearing $2 million. Do it Best Corp. expects both numbers to increase even more as the market approaches.

“The message this pre-market activity sends is very clear: Our members are ready to buy,” said Do it Best Corp. president and CEO Bob Taylor. “They recognize the incredible savings opportunities our markets provide them as they look to broaden their product mix. And they value the wide array of free, world-class learning opportunities available from our Education Day subject matter experts. Taken together, this advance activity indicates to us that a well-attended and strong fall market is on its way this weekend.”

At the fall market, Do it Best Corp. will also announce its final sales results for fiscal year 2012 and share year-end rebates with its members. Both are also expected to show substantial increases. 

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