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Fastenal says it will miss its Q4 number

BY HBSDEALER Staff

Winona, Minn.-based Fastenal Co. said it expects to miss the average analyst net earnings expectations for the fourth quarter of 2013 of $0.36 per share.

The company listed three reasons for the miss. First is weakness in the heavy manufacturing component of the business. This weakness first appeared in late 2012, and intensified in recent months, the company said.

Secondly, expansion of store headcount — from 10,143 in May to 11,421 in November — pushed employee costs higher. And thirdly, gross margin is running below expectations.

Despite these three trends, the company expects to beat its fourth-quarter net earnings of a year ago, when they were reported at $0.33 per share.

 

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Upstate N.Y. swap: Walmart out, Runnings in

BY HBSDEALER Staff

Farm and ranch retailer Runnings will soon occupy a Hopewell, N.Y., site formerly occupied by Walmart.

The shell had been vacant for seven years, according to a report in the Daily Messenger newspaper

Renovations will begin at the 92,000-sq.-ft. building at Eastern Boulevard and County Road 10 in the spring, with a targeted opening for the Runnings store in fall 2014.

Currently, Runnings operates 31 retail stores throughout Minnesota, the Dakotas and Montana.

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Bona US donated $100,000-plus in 2013

BY HBSDEALER Staff

Bona US donated more than $100,000 in 2013 to a number of charitable organizations, including Colorado flood relief efforts, NBA Cares, CASA (as part of the company’s Mission Fund), Colorado Gives Day and The Breast Cancer Research Foundation (BCRF). 

"Connecting with our community is important to us — giving back is core to our mission here at Bona," said Chad Nordhagen, director of marketing, Bona US. "These efforts are driven by our employees, customers and partnerships. It’s an amazing team effort." 

Bona’s largest fundraising effort this year was its "pink mop" campaign, which benefited BCRF. Pink Bona Hardwood Floor Mop’s were sold exclusively at Bed, Bath & Beyond this fall. For each mop sold, Bona donated $3 to BCRF to support its efforts to achieve prevention and a cure for breast cancer. 

Bona raised funds for the American Red Cross to aid cleanup efforts surrounding the floods in northern Colorado. Through its partnership with Colorado-area Lowe’s stores, for a limited time Bona donated $5 for every gallon of Bona Hardwood Cleaner or Bona Stone, Tile & Laminate cleaner sold. 

As the Official Hardwood Floor Care Partner of the NBA, Bona also donated two gym floor-refinishing projects through its partnership with NBA Cares. 

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