DISTRIBUTORS/CO-OPS

True Value hires former Timberland CIO

BY HBSDEALER Staff

Chicago-based True Value Co. hired a new chief information officer responsible for leading the co-op’s information technology team and managing the co-op’s retail and enterprise systems.

Prior to joining True Value, Rosalee Hermens was CIO for The Timberland Co.

“Rosalee’s experience working with a diverse retailer population and supporting a large company will make her an integral part of our senior management,” said Lyle Heidemann, CEO and president. “And this experience will help her acclimate quickly to our company’s unique business needs.”

In her new role, Hermens replaces Leslie Weber, who left the co-op about a year ago.

Hermens’ duties include all automated processes to support the wholesale business systems, including international distribution, order, inventory management, replenishment, merchandising and financial systems. She also supports member store retail systems and portal technologies for both vendors and retailers.

Additionally, Hermens has served in various leadership positions throughout her career. In addition to her CIO position at Timberland, she worked in leadership positions with Aspen Technology and Digital Equipment Corp.

Hermens earned a bachelor’s of science from the University of Oregon before attending Yale University, where she earned her master’s degree.

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In first quarter, Ace posts fourth straight sales gain

BY HBSDEALER Staff

Oak Brook, Ill.-based Ace Hardware Corp. reported total revenues of $845.0 million in the first quarter, up 2.8% from the same quarter a year ago. 

Merchandise sales to comparable domestic stores increased 2.2% in the first quarter.

Net income for the hardware cooperative declined to $6.8 million, down from $11.8 million in the same quarter last year.

"Our first-quarter sales reflect our fourth consecutive quarter of year-over-year positive growth in merchandise sales," said Ray Griffith, Ace president and CEO. "While there is still uncertainty in the overall economic environment, we will continue to provide our retailers with the products and services they need to drive further growth as the economy stabilizes."

Ace added 38 new stores and canceled 41 stores in the first quarter, ending the period with 4,444 stores. 

Ace had sales of $3.5 billion in 2010, making it the largest of the "big three" co-ops, ahead of Fort Wayne, Ind.-based Do it Best with $2.4 billion in sales, and Chicago-based True Value, with $1.8 billion in sales.

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In the Rockies, Ace stores unveil a website

BY HBSDEALER Staff

Ace Hardware storeowners across four Rocky Mountain states unveiled an interactive new website, myhelpfulace.com.

The new site features several ways for consumers to more easily interact with their local Ace Hardware store in Colorado, Wyoming, Utah and New Mexico.

The site includes a new and improved Ace Hardware store locator to help consumers find their local Ace Hardware store in just two clicks. The site is fully integrated with the group’s social media tools, including Facebook, Twitter and YouTube. With the launch of the new site, consumers can also subscribe to multiple RSS feeds.

"Our stores are all designed and laid out to help consumers get in, get out and get on with their lives and we wanted to replicate that fast, easy, helpful experience on our web site," said Bill Moore, chairman of the board of directors for the Rocky Mountain Ace Stores dealer group and owner of two Colorado stores. "This new site will provide a wealth of information about products, tips and news on home improvement projects from painting to plumbing to planting, and we’re excited to provide the helpful advice we’re known for online."

Visitors to the new site can expect to find information about products, promotions, recent news stories, videos and more pertaining to all categories of home improvement, including paint, lawn and garden, hardware, electrical, plumbing, home décor, automotive and more. The site will also include direct links to the web sites of individual Ace Hardware stores throughout Colorado, Wyoming, Utah and New Mexico for even more localized tips and advice.

 

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