Knowledge is power at Searing
This year’s Horizon Distribution PRO Hardware Retailer of the Year, Searing Electric & Plumbing in Longview, Washington, features a team with more than 150 years of combined experince.
“If I had to choose one word to describe Searing Electric & Plumbing PRO Hardware, it would be knowledgeable,” said Mike Dawson, Horizon Distribution’s retail division manager. “Plumbing and electrical projects can be intimidating, but with the pros at Searing helping you out, they become much less daunting.”
Owner Chris Searing and his store were selected due to outstanding support of PRO key suppliers. The Searing customer service team has over 150 years of experience in plumbing, electrical and hardware and can be counted upon to provide top-quality service and knowledgeable advice in a clean and well-merchandised environment.
The store was honored along with Paul L. Cosgrave Memorial Award winner Cherokee (North Carolina) PRO Home Center and other honorable mentions.
“These annual awards honor the best of the best of the PRO family,” said Shari Kalbach, managing director of PRO Group. “These independent retailers are more than competing — they’re successful and thriving. We’re proud to have these businesses represent PRO Group.”
Skilsaw unveils new brand identity
Mt. Prospect, Illinois-based Skilsaw Power Tools has rebranded itself with a new logo and the introduction of two new direct drive Sidewinder circular saws.
The new brand identity draws on the company’s heritage as the inventor of the circular saw in 1924: the logo design features an iconic "diamond knockout" from a worm drive saw blade.
"We spent a considerable amount of time in the field talking with professionals to learn more about what drives them and how to improve our brand and products to better meet their needs," said Roger Amrol, president. "The over-arching message was that tradesmen are passionate about the work they do, and they rely on their Skilsaws to help them meet challenges on the job. Ultimately, there’s a need among trades for a line of saws that are as hard-working and reliable as our legendary worm drives."
As for the new product releases, there’s the SPT67WM-22 with magnesium guards, foot and motor housing and SPT67WL-22 resin housing saw. The new model, the company claims, is the only all-magnesium circular saw on the market, making for added strength and jobsite durability.
"This new generation of Skilsaws will inspire and empower our pro users throughout their career," said Nancy Struijk, product manager, circular saws. "From the rugged magnesium motor housing inspired by our worm drive to our unique Dual-Field motor made specifically for saws these new circular saws will help users optimize their productivity on the jobsite."
Stanley shows Q3 strength
Strong organic growth was the story emanating from New Britain, Connecticut-based Stanley Black & Decker, which posted third-quarter sales and earnings growth Wednesday morning.
The company reported net sales of $2.90 billion in the third quarter, up from $2.76 billion in the same quarter last year. Net income for the company of multiple brands and wide-ranging markets amounted to $236.7 million, compared with $166.0 million last year.
“Our strong third-quarter results demonstrate the benefits of our focus on driving organic growth, margin expansion and operating leverage through new product vitality accompanied by diligent price and cost management,” said Stanley Black & Decker’s chairman and CEO John F. Lundgren. “These efforts have allowed us to maintain operating momentum, while overcoming persistent challenges relating to currency and a volatile macro backdrop, particularly within emerging markets. During the quarter, our CDIY and Industrial businesses posted impressive top- and bottom-line results, and Security continued to make progress on its multi-year business transformation. Strong underlying growth, earnings and cash flow momentum position us well for the future.”
Organic sales growth is defined as total sales growth less the sales of companies acquired in the past 12 months and any foreign currency impacts.
Construction and DIY sales increased 9% compared with the same quarter last year.
North American volume benefited from strong underlying tool demand driven by new products as well as expanded retail offerings and partnerships. In addition, outdoor product volume was stronger than expected as some of the volume lost in the second quarter due to cold weather was recovered this quarter.