DISTRIBUTORS/CO-OPS

Do it Best tries in-store package-delivery centers

BY HBSDEALER Staff

Package delivery network Kinek, which operates locations inside about 1,000 grocers, hardware stores, pharmacies and other spots, announced Do it Best has signed up to participate.

Kinek provides convenience to the customer, who can arrange to pick up all kinds of package deliveries at one of its delivery centers, called KinekPoints.

According to the San Francisco-based company, Kinek is an e-tailer and courier agnostic, which allows customers to have packages shipped from any website, retail outlet or individual in the world to a KinekPoint of their choice. Kinek integrates with all retailer logistics services to ensure secure delivery to the recipient’s requested KinekPoint, where the package is held until it’s ready for pickup.

In addition to announcing Do it Best’s involvement, Kinek said Med-Fast and StorageMart locations have also joined the network.

"People are frustrated with how traditional delivery services either require you to take time off work to sign for a package or leave valuable parcels unattended on doorsteps or in apartment lobbies," said Kerry McLellan, CEO, Kinek, in a press release. "KinekPoints gives customers a more convenient and secure way to receive packages, while introducing them to local businesses they might have otherwise missed."

 

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ECi RockSolid certified for integration with Ace Rewards

BY HBSDealer Staff

Fort Worth, Texas-based eCommerce Industries has announced that Ace Hardware has given its final certification to ECi’s RockSolid POS business system software for integration with the Ace Rewards program. Ace Rewards is a retail incentive program that awards points based on dollars spent and provides members advanced notice of sales, members-only coupons and allows them to submit rebates online. 

“This is a huge win for ECi RockSolid,” said Scott Stanford, president of ECi’s LBMH Division. “We will now be able to offer our solution to more hardware stores associated with Ace Hardware. Being able to offer Ace Rewards to the consumer is very important to those dealers.” 

ECi RockSolid POS is built for the independent hardware dealer, a good fit for Ace Hardware’s retail cooperative model, which allows its dealers to remain independent. “It’s just a natural relationship,” Stanford said. “It extends ECi’s reach for more dealers by allowing those dealers to offer a valuable benefit to their customers. A rewards program is a great customer retention tool.”

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Do it Best in 2011: Sales and rebates rise

BY Ken Clark

Fort Wayne, Ind.-based Do it Best Corp. reported net sales of $2.33 billion for the year ended June 25, 2011, an increase of 1.4% over the previous fiscal year.

Other data from the company’s income statement showed gross profit for fiscal 2011 of $176.8 million, up 3.4% from $171 million last year.

Net income slipped to $458,000 from $955,000. But the figure perhaps most interesting to the co-op’s member retailers is the total shareholders refund, which increased to $105.8 million, up from $100.6 million in 2010.  

In his president’s message, CEO Bob Taylor described some expense increases. "We did experience some significant expense increases this year in areas like health care, outbound freight and in efforts related to some of our key initiatives, but we were still able to hold the overall rise to just one-half of one percent," he said.

Another sales tally of note from the co-op deals with its "Sneak Peek" sales event during its Fall Market in Indianapolis earlier this month. The event generated $7.9 million in sales, a new record for the co-op’s pre-market sales event.

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S.Shank says:
Apr-09-2012 02:31 am

I would like to thank you for
I would like to thank you for your nicely written post, its informative and your writing style encouraged me to read it till end. Thanks futures and options

l.420 says:
Mar-18-2012 03:21 pm

I am currently teaching a
I am currently teaching a class and part of the curriculum involves this subject matter. Do you have any other posts I can look at regarding this? Calgary Chiropractor

s.420 says:
Mar-17-2012 06:09 pm

I am currently teaching a
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C.Ciantar says:
Jan-30-2012 06:59 pm

It may not sound like a lot,
It may not sound like a lot, but 1.4% increase in sales is actually a lot in terms of yearly business sales. TheGateKeeper (Muay Thai practitioner)

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How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?