Florida’s East Coast Lumber teams with Ace Hardware
East Coast Lumber Co. has taken on the Ace banner and embraced hardware sales as a strategy to ride out the recession, according to an article in TCPalm.com.
Before the recession, East Coast Lumber’s sales were dominated by conctractors — about 90%, according to the article. That changed to about 50%, with the rest being consumers and DIYers. With the new Ace partnership, the company believes it is giving consumers what they’re asking for.
The Fort Pierce store is the second East Coast Lumber Co. location to take on an Ace banner for its hardware offerings. Another Ace banner is up at the company’s Cocoa Beach location and has been since June. East Coast operates five lumberyard locations.
In Indonesia, Do it Best shows growth
Do it Best Corp. announced the soft opening of the first four Pongs Do it Best Home Centers in Jakarta, Indonesia, earlier this month.
With the openings in Indonesia, the Fort Wayne, Ind.-based co-op expanded its customer base to 50 countries.
“The opening of these stores, with plans for more ahead, will add significantly to our presence in the region,” said Bob Taylor, president and CEO of Do it Best Corp., who was in Jakarta for the openings. “The most important step for Do it Best Corp. is finding the right independent retailers to partner with in our international markets, people with strong leadership skills and a demonstrated track record of success in their marketplace. Our exclusive partner in Indonesia, Paulus Ong, is a great example of exactly that important combination.”
Ong recently signed an agreement with Do it Best Corp. to develop the Do it Best brand in Indonesia, and the opening of these stores is the first step in a long-term growth plan with Do it Best Corp. in the country.
The first four Pongs Do it Best Home Centers in Jakarta encompass more than 100,000 sq. ft. of combined retail space. Ong’s five-year plan is to open a total of 40 Do it Best stores consisting of three formats – convenience stores, super stores and hyper stores – covering a total of 500,000 sq. ft.
RadioShack hires former Ace CFO
Dorvin Lively, the former chief financial officer and executive VP of Ace Hardware, has been hired at RadioShack as the company’s CFO, chief administrative officer and executive VP, effective immediately.
Lively, 53, left the Oak Brook, Ill, buying group on Aug. 10. He joined Ace in March 2008 as senior VP and CFO and was promoted to executive VP in December 2010.
At RadioShack, Lively will be responsible for the electronics retailer’s finance, treasury, financial planning, investor relations, corporate communications, real estate, supply chain and dealer functions.