Do it Best honors best vendors, stores for 2008
Do it Best recently presented its Vendor of the Year awards, as well as its first-ever Member Excellence awards, the Fort Wayne, Ind., co-op announced.
The Vendor of the Year awards were given to Irwin Industrial Tools, which was selected as the Outstanding Products & Services Vendor of the Year; 3-G’s/PrimeSource, which received the Overall Sales Growth Vendor of the Year Award; and Rust-Oleum, recipient of the Collaborative Forecasting and Replenishment Award. There were also 22 companies recognized as departmental award winners.
“We appreciate the innovation, competitive pricing and service that our vendors provide us,” said Steve Markley, Do it Best vp-merchandising. “Our vendors are critical to the success of our member-owners, and we appreciate their efforts in helping us remain profitable and continue to grow.”
In addition, Do it Best president and CEO Bob Taylor and executive vp and COO Dave Haist presented two members with Member Excellence awards: Imperial Hardware Company, a 100-year-old family run business in Holtville, Calif.; and Indufesa Do it Center, located in Tegucigalpa, Honduras, which changed the face of hardware stores in Honduras by introducing the country’s first do-it-yourself hardware store, the company said.
“It has been a pleasure to work with these exceptional entrepreneurs, and we applaud the successes their businesses are experiencing,” said Taylor. “We look forward to recognizing the outstanding accomplishments of other Do it Best Corp. members in the years to come.”
Do it Best also presented purchasing awards to its top-performing member-owners for fiscal year 2008. The honorees were as follows:
Do it Best Quality Paints Purchases — Single Store, Surangel and Sons Co. (Palau); Do it Best Quality Paints Purchases — Multiple Stores, Building Materials Do it center (Grand Turk, Turks & Caicos); Valspar Brand Paint Purchases — Single Store, All American Home Center (Downey, Calif.); Valspar Brand Paint Purchases — Multiple Stores, E C Barton & Co. (Jonesboro, Ark.); Lumber Purchases — Single Store, Christensen Lumber (Fremont, Neb.); Lumber Purchases — Multiple Stores, R P Lumber (Edwardsville, Ill.); Commodities Purchases – Single Store, Oswald Lumber (Leesville, S.C.); Commodities Purchases — Multiple Stores, R P Lumber (Edwardsville, Ill.); Highest Total Warehouse Purchases, per retail square foot, Apple Do it Best Lumber (Luling, Texas) and Norris Do it Best Hardware (Pacific Palisades, Calif.); Highest Warehouse Purchases — International, Benson Do it Best (Tamuning, Guam); Highest Warehouse Purchases — Single Store, McDaniel Do it center (Snohomish, Wash.); Highest Warehouse Purchases — Multiple Stores, Gill-Roy’s Complete Hardware Stores (Flushing, Mich.); Highest Total Purchases — International, Building Materials Do it center (Grand Turk, Turks & Caicos); Highest Total Purchases — Single Store, Keim Lumber (Charm, Ohio); Highest Total Purchases — Multiple Stores, R P Lumber (Edwardsville, Ill.); Highest Rebate — Single Store, Kelly’s Home Centre (Nassau, Bahamas); Highest Rebate — Multiple Stores R P Lumber (Edwardsville, Ill.).
The awards were given at the co-op’s Member & Vendor Excellence Breakfast at the 2008 Do it Best October Market in Indianapolis on Oct. 12.
BMHC moves to OTC trading
Building Materials Holding Corp. (BMHC) has moved its stock listing to the Over the Counter Bulletin Board (OTCBB) following the company’s removal from the New York Stock Exchange. The San Francisco-based pro dealer will trade its common stock on the OTCBB under the symbol “BLGM.”
On Oct. 30, its first day of trading on the OTCBB, the stock closed at 28 cents a share.
The OTCBB is an electronic, regulated quotation service that displays real-time quotes, last-sale prices and volume information for over-the-counter equity securities not listed on national securities exchanges. Companies listed on the OTCBB are still subject to SEC filing requirements and other regulatory authority.
The New York Stock Exchange suspended trading of BMHC’s common shares on Oct. 29, because the company is no longer compliant with its market capitalization requirements.
BMHC is scheduled to report its third-quarter financial results on Nov. 6.
Orgill to distribute new stain remover product
Winning Brands, a Barrie, Ontario-based company, reports that Orgill, the Memphis, Tenn.-based distributor, has approved Winning Colours Stain Remover for representation by Orgill’s 250-member sales force.
“The decision by Orgill to let its sales force introduce Winning Colours to Orgill’s vast account base brings several thousand potential retail points of sale within reach, adding to a national structure of 250 professional sales representatives,” said Winning Brands CEO Eric Lehner. “That’s unprecedented reach for Winning Colours Stain Remover. I expect that it will have a significant impact.”
Winning Brands manufactures Winning Colours Stain Remover for consumer and commercial use as an environmental supplement to traditional solvents and cleaners. Large-scale production takes place in Canada as well as at an affiliated manufacturing facility in Grand Rapids, Mich.