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ProDealer Conference and NLBMDA Industry Summit merge

BY HBSDEALER Staff

Washington, D.C The National Lumber and Building Material Dealers Association and the ProDealer Conference (presented by Home Channel News) announced the merger of their two annual industry conferences: the HCN ProDealer Conference and the NLBMDA Industry Summit.

The new combined conference, renamed the ProDealer Industry Summit, will be held Oct. 1 to 4, 2008, at the Westfield Marriott Resort in Chantilly, Va., and will be jointly run by both organizations.

“We are excited to bring together two great conferences for the overall benefit of the industry,” said Diane Swenson, new president of the NLBMDA.

“Both conferences have served the industry quite well,” said Jeff Arlen, publisher of Home Channel News. “The ProDealer Conference has grown significantly over its 11 years, and the NLBMDA Industry Summit has been a success for more than 21 years.”

“We will now be able to offer to the industry a single event, combining all of the benefits of each conference, while delivering more value to the vendors and manufacturers who support these events,” said Jim Reynolds, managing director of the ProDealer Conference.

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Wal-Mart up for fourth quarter and year

BY HBSDEALER Staff

Bentonnville, Ark.-based Wal-Mart Stores reported net income for its fourth quarter ended Jan. 31, 2008, at $4.1 billion, up 4 percent from $3.9 billion from the same quarter in 2007. The company reported net sales at $106.2 billion, up 8.3 percent from $98.1 billion last year.

For the year, the company reported net income of 12.7 billion, up 12.8 percent from $11.3 billion last year. The company reported net sales for the year at $374.5 billion, up 8.5 percent from $344.9 billion last year. Non-fuel comp-store sales in the United States were up 1.7 percent for the three months, and up 1.4 percent for the full year. 

“For the fourth quarter, we topped $100 billion in sales, the first time in history that any retailer has reached this milestone in a single quarter,” said Lee Scott, Wal-Mart Stores president and CEO. “We had a very strong underlying operating performance, exceeding our expectations for the quarter. In addition to another year of record sales and earnings, we also delivered a record return to our shareholders this year through more than $11 billion in share repurchase and dividends.”

Scott attributed the company’s strong results on Wal-Mart’s price leadership and improved customer service, especially in the United States.

“The price leadership strategy we put in place at the beginning of the year was exactly the right strategy for our customers around the world in a tough economic environment,” Scott said. “The combination of price leadership and improved customer service made the difference in the fourth quarter for our U.S. operations,” he said.

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ABC Supply names CEO

BY HBSDEALER Staff

ABC Supply, the nation’s largest distributor of roofing materials, has named David Luck as the company’s new CEO. Luck joined ABC Supply in 1998 as president and chief operating officer. He will continue in his role as president.

Luck will replace ABC Supply founder and CEO Ken Hendricks, who died on Dec. 21, 2007, after falling from a construction site at his home in Afton, Wis.

Prior to being hired at ABC Supply, Luck served as president and CEO of Bridgestone/Firestone retail operations and executive vp of Bridgestone/Firestone. He retired from Bridgestone/Firestone after 27 years to join ABC Supply.

Headquartered in Beloit, Wis., ABC Supply also distributes siding, windows and other exterior building materials. The company ranked fifth on Home Channel News’s Top 350 Pro Dealer scoreboard in 2007, with sales of $3 billion.

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