HARDWARE STORES

Hardware store sets stage for instruction

BY HBSDealer Staff

Island Park, N.Y.-based Costello’s Ace Hardware in Island Park is joining forces with TV personality, carpenter and DIY expert Carmen De La Paz to offer hands-on instruction to local residents undertaking home restoration projects as a result of Hurricane Sandy’s destruction. 

Dubbed “Project Community,” the event aims to empower local residents with the know-how and confidence to tackle basic water damage restoration projects.

Project Community takes place Saturday, June 1 from 10 a.m. to 2 p.m. in the parking lot of Costello’s Ace, located at 3965 Long Beach Road in Island Park, and features two workshops at 10 a.m. and 1 p.m. De La Paz will provide hands-on training in basic water damage restoration, including wet sheetrock removal, mold and mildew treatment, drywall repair and compound and finish. She will also share her expertise in hand and power tools, job-site safety, as well as insider construction tips.

“So many of our neighbors were affected by Hurricane Sandy and we wanted to be able to give back in a truly hands-on way,” said Mike Costello, owner of Costello’s Ace Hardware. “Project Community is our opportunity to do just that by empowering people with the knowledge and confidence to undertake their restoration projects. Providing this more personal kind of helpful is what Costello’s Ace is all about, and we’re thrilled to partner with Carmen to offer these workshops to the residents of Island Park.”

Product for the Project Community workshops is provided by 3M, Milwaukee Tool, Benjamin Moore and Costello’s Ace.

 

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Epicor takes Eagle software higher

BY HBSDealer Staff

Nashville — Epicor Software Corp. announced the newest version of Epicor Eagle business management software during its Insights global consumer conference here.

With high penetration in the LBM and hardware space, Epicor Eagle software empowers small to midsize retailers with the tools required to optimize their business and better manage day-to-day operations, the company said. 

“We serve more than 8,000 business locations across sectors such as Hardware & Home Center, Lumber & Building Materials, Lawn & Garden, Sporting Goods, Automotive Aftermarket, Farm-Home, and Pharmacy,” said Craig McCollum, executive VP and general manager, retail distribution solutions for Epicor. “Epicor Eagle is a solution built upon decades of customer input, industry-specific experience and its ability to successfully manage the full spectrum of store operations. Continuous innovation provides our customers with the competitive advantage necessary in today’s fast-paced business environment — ensuring continued growth and efficiency.”

Also shown during Insights 2013 was the new release of Eagle Loyalty and Eagle Tablet POS — both of which will be available later this quarter. 

Eagle Loyalty is designed help profitably attract, retain and manage customers. Eagle Tablet POSprovides full checkout capability to non-lane personnel, which in return enhances the productivity of employees. 

Other enhancements available in the newest version of Eagle include:

Signature Capture: set up to require customer signature when a specified item is added at POS;

Special Order Alerts: set up alerts to warn staff of an item that hasn’t been received;

Importing item lists: capture a list of items using Mobile Inventory;

Recurring Suggested Order Report: discount rate policy and backorder rules will be automatically updated when report runs; and

Sales History Summary Viewer: analyze historical sales, weigh what-if scenarios and export key sales transactions.

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Valspar sales flat in second quarter

BY HBSDealer Staff

Minneapolis paint giant Valspar reported second quarter net sales of $1.03 billion, essentially flat with the prior-year quarter.

The company, which recently signed a deal to become the key supplier of paint for Ace Hardware, reported net income of $76.9 million, up from $76.5 million in last year’s second quarter.

Volume was up 7%, including the Ace deal, up 3% excluding Ace. 

"Strong volume growth in the quarter was driven by new business wins," said Gary E. Hendrickson, chairman and CEO. "We saw improving momentum in the U.S., driven by solid performance in our consumer paints, packaging, wood and coil product lines."

The company also announced it was spening about $30 million to support facility consolidations, production line transfers and efficiency improvements. These actions, the company said, will generate annual savings of "approximately $0.10 per diluted share by fiscal 2015."

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