Four Menards stores slated for Kansas this year
A large-format Menards store in Salina, Kan., is on track to open this spring, according to an article in the Salina Journal. The store is one of four Menards stores slated for Kansas in 2011.
The other Kansas locations are in Wichita (2) and Manhattan.
Eau Claire, Wis.-based Menards had estimated revenue of $8.3 billion, according to the Home Channel News Industry Scoreboard, and today operates about 250 stores in 12 states.
Woman uses child to steal copper wire
A woman was arrested in Fort Myers, Fla., for allegedly stealing four coils of copper wire from a Home Depot store, according to a report on WVZN-TV.
Amber Jones, 26, was confronted outside the store by an employee who said he saw her tuck the wire under a baby blanket next to a child, who was in a car seat.
The four rolls of copper wire were worth a combined $318.46.
Jones, who was charged with grand theft, had stolen copper wire from Home Depot stores in the past, according to the report.
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Advice for tool marketers: Aim young
Here’s what’s interesting about Generation Y when it comes to the hand tool market: These consumers are generally more optimistic about the economy, and they’re definitely more likely to be in their early stages as a hand tool collector.
These and other concepts about the hand tool market were part of a Hand Tools and Tool Storage Webinar hosted by Home Channel News and The NPD Group, a Port Washington, N.Y.-based consumer research firm. The Webinar drew extensively from NPD’s panel of 750,000 consumers.
The Webinar also included a recap of product trends, which include a movement toward products that offer multiple functions or uses, increased use of descriptive story telling on packaging, and products that make life simpler for consumers.
"Younger consumers absolutely represent an opportunity. They are more optimistic about the economy, they are more likely to purchase a home or engage in home improvement activity, and the low penetration really stands out in hand tools and tool storage," said Peter Goldman, president of NPD Group’s home division.
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