LA County True Value store to close
A True Value store in Walnut, Calif., a suburb of eastern Los Angeles, has begun its liquidation sale and will close within the next 90 days, according to an article in the San Gabriel Valley Tribune.
Walnut True Value Hardware has been operated by Stuart Tielens, a 64-year-old businessman who eventually succumbed to his customers’ lack of spending from the poor economy and competition from a Home Depot that moved in two years ago.
About 12 employees will lose their jobs.
Orchard Supply inks deal with Benjamin Moore
California retailer Orchard Supply Hardware Stores Corp. entered into a multi-year distribution agreement with high-end paint manufacturer Benjamin Moore & Co.
Under the agreement, Benjamin Moore will become Orchard’s supplier of interior and exterior paint coatings. The rollout to Orchard’s 87-store chain is expected to begin in March and be completed by August 2012.
"We are excited to have a strategic alliance with a premier brand like Benjamin Moore to offer our customers the highest-quality paint solution in the marketplace," said Mark Baker, Orchard’s president and CEO. "As the No. 1 category in home improvement, paint is a key area of focus for Orchard and represents an important long-term growth opportunity for our company. We have a great deal of respect for Benjamin Moore’s 129-year history and position as an innovator and market leader. We look forward to a long and productive relationship."
Dan Calkins, Benjamin Moore’s VP sales, added: "This alliance allows us to broaden our reach in the hardware channel, further engaging the convenience-driven, do-it-yourself shopper."
Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883.
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Ace store to open this week in Washington, D.C.
Annie’s Ace Hardware in the Petworth neighborhood of Washington, D.C., plans a Tuesday morning store opening.
According to the store’s Facebook page, a grand opening celebration will take place in late march.
According to an article in the Washington Post, the store’s owner Anne Stom is a former Labor Department project director. Annie’s Ace Hardware will be Stom’s first store, and the fifth Ace Hardware in Washington, D.C.’s, boundaries, according to the newspaper.
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