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Target celebrates opening of 42 stores

BY HBSDEALER Staff

Target opened 42 new stores on Sunday, bringing the big-box retailer’s total United States store count to 1,537.

The company held grand opening celebrations for all its newly opened stores on July 29.

The locations included seven stores in California, five stores in Florida, four in Pennsylvania and further locations in Alabama, Ohio, Virginia, Texas, Wisconsin, Massachusetts, Arizona, Colorado and New Jersey.

In its most recent monthly earnings statement, Target said its net retail sales for the five weeks ended July 7 increased 7.6 percent to $5.5 billion from $5.1 billion for the same five-week period last year. Comparable-store sales increased 3.3 percent.

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Castle Building Centres plans ‘Open to Buy’ days

BY HBSDEALER Staff

Castle Building Centres, the Toronto-based home improvement buying group, has announced it will join the “Open to Buy” days event at this year’s National Hardware Show Canada (NHSC).

Castle Building Centres is an independent lumber and building Materials Buying Group with more than 220 locations across Canada. The NHSC will be held Oct. 16 to 17 at the Toronto Congress Centre.

“Castle Building Centres is a significant retailer in the Canadian home improvement retail space,” said Dennis MacDonald, senior vp of Reed Exhibitions and producer of NHSC.

In addition to Castle’s participation, new at this year’s NHSC is an expanded New Product World, an Inventor’s Spotlight which will showcase patent-pending products and the co-location of Garden Expo and Florist Expo.

Castle is a member-owned co-op; its dealers have access to more than 350 suppliers through their affiliation with Castle. The group is partnered with Reliance Buying Group, Mutual Hardware and Octo Plumbing Group.

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True Value to hold Retail Growth Conferences

BY HBSDEALER Staff

True Value will be holding three Retail Growth Conferences in August, giving members of the Chicago-based co-op an opportunity to share thoughts, ideas and concerns with president and CEO Lyle Heidemann and the senior management team.

The conferences include a series of breakout sessions, during which participants will share success stories and best practices that provide practical tools and suggestions for improving business results, the company said. This year’s topics include retail sales planning, financial management in a seasonal business and more.

In addition, True Value senior leadership will provide information about and updates on co-op initiatives and programs. The conferences are being held in Las Vegas (Aug. 1 to 2), Milwaukee (Aug. 8 to 9) and Boston (Aug. 22 to 23).

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