HARDWARE STORES

Obit: Ray Burgess of Burgess Hardware

BY HBSDealer Staff

Ray Burgess, who ran Burgess Hardware in west Tulsa, Okla., for more than 40 years, passed away on Jan. 30, according to an article in the Tulsa World. He was 73 years old.

Burgess Hardware opened in 1943 when Burgess’ parents, Millard D. and Laura Burgess, bought an existing hardware store that had been operating since 1918. Burgess took over the store in 1962.

The store was known for its “odd and interesting [offerings], including items from bygone eras,” according to the paper.

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LA County True Value store to close

BY HBSDealer Staff

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.

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Orchard Supply inks deal with Benjamin Moore

BY Ken Clark

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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