Ken Langone receives Horatio Alger award
Ken Langone, one of the co-founders of Home Depot, will be awarded the 2012 Horatio Alger Award on April 13 in a ceremony in Washington, D.C. Langone will be one of 12 recipients, along with former Canadian Prime Minister Brian Mulroney and Robert Miller, CEO of Albertson’s supermarkets, to receive the prestigious medallion.
The Horatio Alger Association of Distinguished Americans gives the awards to exceptional individuals who, through courage and dedication, overcome the difficult circumstances they faced early in life and accomplished their goals. The award is also a salute to these individuals’ philanthropic endeavors in their communities, nationally and internationally.
Other previous winners include New York Mayor Michael Bloomberg and Presidents Gerald Ford, Ronald Reagan, Dwight Eisenhower and Herbert Hoover.
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Home Depot opens big-format store
Home Depot has opened a 211,000-sq.-ft. “superstore” in Anaheim Hills, Calif., which it describes as “almost twice the size of [a] regular Home Depot.” The unit, situated in an affluent area of Orange County, is an existing store that was remodeled. Among the changes are:
• Expanded bath fixture showroom, including a “shower gallery;”
• More kitchen cabinet options;
• Weber grill showroom;
• Year-round outdoor living showroom;
• Expanded appliance showroom with lifestyle vignettes;
• Expanded hard surface flooring and rug selection;
• Expanded decor showroom; and
• Expanded hardware department
The store first opened in 2004 in a remodeled 205,000-sq.-ft. former Kmart. The store has multiple entrances, a will-call area for kitchen appliances and other big items, and a drive-through section in lawn and garden. At the time, Home Depot officials said it was not a prototype or pilot store. The same holds true for the latest Anaheim Hills incarnation.
But California has always been a testing ground for new Home Depot formats. The first Expo Design Center opened in San Diego, and in 2003, the Atlanta retailer opened a “his and hers” store in a Los Angeles suburb that featured light beige racking, shiny gray floors and wider aisles. High-end kitchen and bath vignettes greeted customers upfront, while the traditional orange warehouse atmosphere prevailed in back.
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Romney holds big lead in AHMA survey
An American Hardware Manufacturers Association (AHMA) survey of its members showed significant support for Mitt Romney. The survey, part of the AHMA Industry Confidence survey, also found that most members doubt the constitutionality of the Health Care Act.
When asked: “If the 2012 presidential election presents a choice between Mitt Romney and Barack Obama, who would you vote for?” – 89% responded “Romney,” 5% responded “Obama” and 5% responded “not sure.”
When asked: “The Supreme Court is about to rule on the constitutionality of the new health reform law. Do you think the Court should rule the law to be constitutional?” – 21% responded “Yes,” 5% responded “not sure,” and 74% responded “no.”
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