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Stihl Hardware All Stars: Texas, N.M., N.Y. and N.D.

BY HBSDealer Staff

HBSDealer has been recognizing All Stars — formally, at least — since 2011.

In that time, we've surveyed suppliers, distributors, manufacturers, vendors, retailers and homeowners in search of high-performing, service-oriented, community-minded hardware store, lumberyard or farm and ranch dealers worthy of All-Star status.

There are always more nominations than we know what to do with. But select we must, and as a result, we present an excellent few retailers — one from each state.

Here’s to the Class of 2017. And here are the stories of four more retailers.

Texas
Morrison True Value
Best-selling author Robert James Waller (“Bridges of Madison County”) wrote about the amazing selection at Morrison in his book “Border Music.” As owner Bob Ward recalled, “He actually said ‘Wow,’ when he came into our store; he was amazed.” Other patrons are also blown away by this West Texas landmark in Alpine that sells everything from commode seats to guitar strings. Morrison has a huge presence in its “community,” which encompasses three counties in this rural area. “There’s not a day that goes by — I can promise you — when someone doesn’t say ‘Hey, we have this going on, can you help us?’ Of course we will do it.”

New Mexico
Ruidoso/Socorro True Value
Glen and Nikki Tomlinson had great views at Ruidoso True Value, set in a mountain resort town. And they had a reputation for great service. They also had the ambition to expand. In late 2016, the retailers opened Socorro True Value in the Rio Grande Valley, after buying and renovating an existing store. “We have the latest and greatest of everything out there, but more than anything we have the biggest inventory of basic hardware needs,” Glen Tomlinson told the Chieftain newspaper.

New York
Buckingham Hardware
On Main Street in upstate Croghan, N.Y., this Orgill customer promotes itself as the destination where “work meets play.” Buckingham Hardware and Great Outdoors has a reputation for trying new niches, and responding to their customers needs. A second floor serves the hunting, fishing and camping customer with expertise and local knowledge.

North Dakota
Smith Lumber Do it Best Hardware
“It was definitely a big leap,” said Tim Durheim, owner of the Do it Best retailer in Valley City. He was referring to the 90-year-old company’s transition in 2014 from a small contractor yard into a home center, rental center, lumberyard and garden center — and a jump from three employees to 20. “We went into a new facility, gave us a lot more space and added a hardware store,” he said. “It’s been great. The town has been receptive and very supportive.”

See the full Class of 2017 All Stars  — presented by Stihl — in the May issue of HBSDealer.

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Leadership and initiative

BY Joe Scarlett

Growing up, most of us heard these words of advice: “Take some initiative!” In the professional world, those more experienced than us may have shared similar wisdom: “There are those who watch things happen and there are those who make things happen.”

Get the universal message here? Action. Resourcefulness. Ingenuity. Make no mistake about it: Leaders need to take the initiative to get things done.

Part of taking the lead is not shying away from new ideas, which can make the difference between triumph and failure. The most successful leaders know how to speak out on fresh topics and trends that can inspire innovation and improvement. Strong leaders are not afraid to fail, either. They simply take the initiative to “test” a new idea and report back on what they learned, whether good or bad. Thomas Edison tested thousands of versions of his new light bulb before he found the one that really worked.

I have always encouraged my team to take the initiative to experiment with all kinds of new ideas. In retail, where I spent my career, testing new products is easy: Put a new sample product in a few stores. If it sells, add it to more stores; if it fails, mark it down, sell it out and move on. The more frequently you take the initiative, the more likely you will find success.

Initiative can take many different forms

Beyond product testing, people in top roles at companies must be willing to lead, rather than follow, in all aspects of business. One memorable example of this happened just after Tractor Supply went public in the 1990s. Rumors began to circulate that Walmart was going to enter the farm-store business. First there was chatter about one pilot store, but then the rumor grew to hundreds of stores. Needless to say this rattled our leadership team, stockholders and many of our suppliers.

We could have hunkered down, rolled back our big plans and prepared for the onslaught from the big kahuna. Instead, we did the opposite. A key partner and I decided to take the initiative to find out what Walmart really had planned.

I called Walmart CEO David Glass, and to my great surprise he answered his own phone and knew who I was. We talked for a few minutes before he invited us to Bentonville, Arkansas. Less than a week later we walked into the Walmart home office.

We spent about an hour with him discussing a wide range of retail topics and were impressed with his knowledge of our little niche business. He told us that Walmart would open one farm store experiment with the goal of identifying a few high-volume products that could be added to Sam’s Club stores.

One year later we bought the remnants of Walmart’s one and only “County Farms” store. Mr. Glass kept his word, and I don’t think they ever found those magic products for Sam’s Club. With that behind us, we could say with great pride that we took Walmart out of the farm store business.

Our proactive approach and the honest conversation with Mr. Glass gave us enough information and confidence to allay the fears of so many of our people. It gave us all we needed to push forward with growing our stores and continuing to develop our leadership teams.

Everyone has opportunities to be bold in business. Wherever you are in your leadership career, don’t stick your head in the sand. Instead, stick your neck out and take the initiative that can propel your career forward.

Joe Scarlett is the retired CEO of Tractor Supply Company. For more on leadership, visit joescarlett.com.

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Quikrete Industry Dashboard: A confidence record

BY HBSDEALER Staff

Consumer confidence hit a 16-year high, and existing-home sales backtracked slightly.

(Click below for a larger version)

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D.Wiesemann says:
Jul-31-2017 02:03 pm

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