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Madison, Wis., True Value store holds grand opening

BY HBSDEALER Staff

North Side True Value Hardware, located in Madison, Wis., held a two-day grand opening Oct. 4 and 5, after relocating from a 12,000-square-foot to a 14,000-square-foot space, store manager Jeff Jacoby said.

During the weekend celebration, the store raffled off a patio set, gas grill, patio heater and lawn mower, and sold bratwurst, hot dogs and soda for $1 each, donating the proceeds to the American Red Cross.

“It was one of the biggest weekends ever for us,” Jacoby said.

The new store focuses on core hardware categories like hardware, plumbing and lawn and garden, and owner Tom Meikle has also added the Benjamin Moore line of paint and an outdoor furniture department. Meikle also owns a store in Columbus, Wis.

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Arthur Blank named chairman of Golf & Tennis Pro Shop

BY HBSDEALER Staff

Home Depot co-founder Arthur Blank has been named chairman of the board for Golf & Tennis Pro Shop, owner and operator of PGA Tour Superstores. The move also marked Blank’s debut on the company’s board of directors.

Blank replaces Golf & Tennis Pro Shop founder Bill Hamlin, who is retiring, according to a statement from the company.

Blank is described as having been a “significant investor” in the company since 2006. He also serves as CEO of the Atlanta Falcons.

“I am honored to be leading the board of this exciting retail concept,” Blank said in a statement. “PGA Tour Superstore has real potential to further solidify its leadership position in the golf and tennis retail segments, by continuing to enhance its business model and through future store growth. I, along with our other board members, look forward to guiding the company in both these areas.”

The company was founded in 2004 and has since grown to 10 superstores nationwide.

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Vermilion Hardware to close after almost 150 years

BY HBSDEALER Staff

After nearly 150 years — 62 in the same family — Vermilion Hardware in Vermilion, Ohio, will be closing its doors before the end of the year, according to the Chronicle-Telegram newspaper.

The store, purchased by Henry and Edna Bailey in 1946, is now being run by their granddaughter, president Denise Fahrney, 34, as well as Fahrney’s father and sister. It is the oldest business in Vermilion.

Andy Grote, one of 10 store employees, said the store will probably close by mid-November.

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