DISTRIBUTORS/CO-OPS

Obituary: Murray Armstrong

BY HBSDEALER Staff

Murray Armstrong, an Ace Hardware executive who helped build the co-op’s international division during his 21-year tenure, has died at age 63. Armstrong passed away peacefully in his home in Winfield, Ill., on Dec. 14, according to a notice posted on the website of the North American Retail Hardware Association.

Armstrong held several titles at Ace, but spent most of his career developing the buying group’s overseas business, which now has a retail presence in more than 50 countries across the globe. In 2002 he served as director of international merchandising and marketing, but was then promoted to managing director of Ace International and then president and general manager. Armstrong left Ace Hardware this past May.

In 2009, Armstrong was the recipient of the award for outstanding achievement in the hardware industry from the Midwest Retailers and Manufacturers Association.

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True Value names new VP

BY HBSDEALER Staff

Chicago-based hardware co-op True Value Co, announced the appointment of Robert Young to divisional VP for the paint, hardware and tool departments, effective January 2011.

Young joined the company from Briggs & Stratton Corp., where he served as VP/general manager of business units and oversaw product development, brand management and engineering of key power products. Young has more than 20 years experience in retail and merchandising roles, and has held positions of increasing responsibility in growing sales and profits.

 “I am excited and proud to join such a respected retail brand as True Value,” Young said. “I’m looking forward to getting to know my teams and leveraging what I know about the home improvement and retail industries to make an impact in my new position."

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Do it Best open buy day attracts 70 vendors

BY HBSDEALER Staff

More than 70 potential new suppliers met with Do it Best merchandise managers at their Fort Wayne, Ind., headquarters during an open buying day Nov. 30.

“This was a great opportunity for our merchandise managers to meet with new vendors we have not done business with previously, to learn about their products, and to discover new sources of supply for our members” said Steve Markley, VP merchandising for Do it Best Corp.    

The event, which event provided manufacturers with selling opportunities to expand their markets, was coordinated and promoted by the Home Improvement Industry Presidents Council.

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