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Industry Dashboard for May 29, 2012

BY HBSDEALER Staff

Stocks are once again all over the board, but housing starts and sales are all dialed in consistently ahead of the previous month, and way ahead of the previous year.

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How much credit should be given to the co-op business model for the success of the independent hardware and building supply dealer over the last half century?
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Fifty winning retailers, state by state

BY HBSDEALER Staff

For the second year in a row, HCN has compiled a state-by-state list of high performers, innovative retailers and classic stores. It’s called the 2012 Home Chanel News Hardware Store All-Star list. Strong customer service is the common thread for all 50 retailers. From there, community involvement, company history, great products and interesting niches set these businesses apart from the competition. 

The alphabetical listing of Hardware Store All-Stars, one from each of the 50 U.S. states, continues below with Maine, Maryland (including Washington, D.C.) and Massachusetts: 

Maine
Gosline’s Hardware
Farmingdale, Maine
Customer service? Check. Big city inventory packed into a small town store? Check. But where Gosline’s enters All-Star territory is its community involvement. To his credit, owner Tom Bolster seems to have a hard time saying no to worthwhile local groups — youth sports teams, school functions, local churches, public safety organizations, several charities and many others (one count puts the total at 60) have gained the store’s support in one form or another. 

Maryland / Washington, D.C. 
A few cool hardware stores 
Gina Schaefer has built her empire by opening hardware stores in gentrifying neighborhoods in Washington, D.C., and Baltimore. The former biotech executive — who knew very little about hardware retailing or home repair when she started in 2003 — has opened a store almost every year. She and her husband, Marc Friedman, now operate seven hardware stores. The couple plan to open a new store this summer in the Baltimore neighborhood of Canton. Schaefer joined the Ace board of directors at age 37, and is now serving her second term. 

Massachusetts
Aubuchon Hardware
Westminster, Mass.
The 2012 Golden Hammer Retailer of the Year earned its award by combining family values that go back more than a 100 years and a corporate structure that manages 121 northeast stores. Twenty family members are in the business that extends four generations. CEO Marcus Moran Jr., the founder’s grandson, credits long-tenured employees, and a no-two-stores-are-the-same approach. “We just fit into our communities,” he said.

For the complete list of 50 winning retailers, state-by-state, register or log in to Homechannelnews.com

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Menards looking at St. Louis market

BY Brae Canlen

Menards may become the first anchor tenant in a vacant St. Louis mall, one of local several sites the Midwest retailer is eyeing for expansion, according to an article in the St. Louis Post-Dispatch.

The developer of the Northwest Plaza shopping center told the County Tax Increment Financing Commission on May 23 that Menards is interested in purchasing 17 acres of the site to build a 160,000 sq. ft. store.

The Eau Claire, Wis. based home-improvement chain is moving into the St. Louis area market and is looking at sites in Richmond Heights, St. Peters and the O’Fallon-Lake Saint Louis area,  the newspaper reported.

At 1.8 million sq. ft., Northwest Plaza was the largest in the word when it opened in the 1960s but has since fallen into foreclosure. The $106 million redevelopment project will not be possible without $33 million in tax increment assistance over several phases and $7.8 million in brownfield tax credits from the state for environmental work, the developer said.

 

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