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EGO brand partners with Depot

BY HBSDEALER Staff

Home Depot’s fifth annual Spring Black Friday promotional event is underway and one of the “Wow,” items being featured is an outdoor product tool system with the industry’s most powerful rechargeable battery.

Home Depot said it has an exclusive partnership with the EGO brand to offer a line of outdoor equipment powered by a 56-volt lithium-ion battery that is said to be the industry’s most powerful. In addition to offering four EGO brand products (a lawn mower, blower, hedge trimmer and string trimmer) powered by the interchangeable battery, the retailer said it is expanding its longtime exclusive relationship with Ryobi to offer the Ryobi ONE+ product line with more than 50 tools that are compatible with one battery.

"This spring and every season, The Home Depot aims to bring the latest tools to market to make the to-do list easier and simpler," said Dana Hudson, one of the retailer’s senior merchants. "Our continued partnership with Ryobi and our new partnership with EGO are great examples of bringing the best and latest technology to our customers."

The EGO and Ryobi products both operate with lithium-ion batteries that are lighter, run longer and can be recharged more quickly that earlier cordless tools, which ran on nickel cadmium, or NiCad, battery systems.

"EGO has the industry’s best and most powerful cordless outdoor power tools on the market," said EGO VP Joe Turoff. "EGO chose to partner exclusively with The Home Depot because of its reputation for providing consumers with the newest and best tools available." 

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Golden Hammer for Hipp Modern Builders Supply

BY HBSDEALER Staff

Hipp Modern Builders Supply of Mountain View, Ark., a fourth-generation family business in the Ozark foothills, has been named the 2014 Tools of the Trade Award winner by HCN

The award will be presented during the Golden Hammer Awards ceremony during the National Hardware Show in Las Vegas May 6.

The Tools of the Trade Award annually recognizes a small business that captures the spirit of independent retailing and makes the most of technology, marketing and human resources. Past honorees include McDaniel’s Do it Best, Builders, and Price Hardware True Value. 

Hipp operates locations in Mountain View and nearby Batesville, serving both DIYers and professional builders.

“We’ve been fortunate to build a loyal following in our markets, and our team works hard to keep that loyalty,” said Gentry Hipp, great-grandson of the company founder. “We also try very hard to stay ahead of the trends.”

The company has latched onto a successful social media strategy to boost its brand — its Facebook followers (3,200) surpasses the population of Mountain View (2,700).  And the company has embraced e-commerce, eBay and Do it Best’s ship-to-store service to adapt to shifting trends in retail.

Through its membership and participation in Do it Best and ENAP, Hipp also uses communication and networking as tools for success, generating best practices from industry roundtables.

The 2014 Tools of the Trade Award is sponsored by The Vendor Center, a leading business-to-business website that efficiently connects retailers and vendors on a 24/7 basis.

"We congratulate Hipp Modern Builders Supply on their successful efforts to maximize resources — both in their stores and online," said The Vendor Center president Darrell Wabschall. 

The Golden Hammer Ceremony will take place this year at the LVH-Las Vegas Hotel & Casino, beginning poolside at 4:30 p.m. The ceremony will induct into the Home Channel Hall of Fame Ron Beal, president and CEO of Memphis-based Orgill. Also honored will be Stine Home & Yard, of Sulphur, La., this year’s Golden Hammer Retailer of the Year.
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HCN Stock Watch: STCK takes a leap of faith

BY HBSDEALER Staff

Stock Building Supply (STCK) was leading the pack Wednesday at a gain of 3.44%, though the tide remained favorable for most HCN stocks.

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