Aubuchon Hardware bolsters cancer research
The northeast hardware chain is supporting “A Chance for Kids,” which runs through Sept. 3. The goal: $50,000 for pediatric cancer research.
Aubuchon Hardware has high goals for its initial partnership with the “A Chance for Kids” program to raise money for pediatric cancer research.
Through Sept. 3, customers can help fight childhood cancers by giving $1 to the Jimmy Fund through the A Chance for Kids program. The 120-store hardware store chain’s goal is to raise more than $50,000 for pediatric cancer research and care at Dana-Farber Cancer Institute.
“It is a unique privilege for us to partner with Dana-Farber and the other retail establishments involved in the ‘A Chance for Kids’ program. We have some of the most wonderful and loyal customers, and I hope that they embrace this fundraising effort as much as all of us here at Aubuchon Hardware,” said M. Marcus Moran Jr., president and CEO of Westminster, Mass.-based Aubuchon Hardware.
With each contribution, customers will receive a promotion card guaranteed to be a winner, with prizes including all-inclusive resort vacations, airline tickets, theme park admissions and merchandise discounts at Aubuchon Hardware, Olympia Sports and on Burger King food.
Now celebrating its 13th anniversary, the A Chance for Kids program has raised more than $10.9 million for Dana-Farber. The "A Chance for Kids" program has helped fund pediatric cancer research and care at Dana-Farber’s Jimmy Fund Clinic. The innovative research benefits young cancer patients at Dana-Farber, as well as patients around the world.
Ace employee attacked during store robbery
A suspected shoplifter is in custody after allegedly attacked an Ace Hardware employee with a box-cutter, according to an article in the Pioneer Press.
The incident occurred when two store employees confronted Randy James Clark Jr., 25, for trying to steal about $35 worth of copper pipe-fittings from the Coon Rapids, Minn., retailer. Clark then pulled out a box cutter and took a swing at one of the employees, who required stitched on his arm.
Clark reportedly fled store and was caught by Coon Rapids and Blaine police, as well as Minnesota State Patrol troopers. He was arrested July 31, on suspicion of aggravated robbery and is being held at the Anoka County Jail. Clark has not been charged.
RONA turns down $1.9 billion takeover bid by Lowe’s
Lowe’s made an offer, but RONA refused.
The two North American home improvement giants will continue to operate as competitors in Canada, where Lowe’s has been growing organically for the past several years amid rumors that just such an acquisition play was in the cards.
In the end, the Canadian retailer and distributor RONA rebuffed a $14.21 per share — $1.85 billion — acquisition offer. "RONA’s strategic focus remains to execute on its business plan with a view to capturing the significant opportunities that it sees for the business," RONA said in a statement.
According to Lowe’s, the non-binding proposal was delivered to RONA board chairman Robert Paré, on July 8. RONA’s board asked Lowe’s for additional time to consider the proposal but, then rejected it.
On Tuesday, Lowe’s made it’s proposal public, and it can be seen here.
Lowe’s, which operates 31 stores in Canada, says it hopes the RONA board will reconsider the offer.
In its pitch, Lowe’s said that “Combining RONA’s Canadian operations with Lowe’s strong global presence would provide RONA’s operations with substantial benefits by creating a strengthened Canadian home improvement retailer with world-class capabilities across channels and geographies. While the combined Canadian business would undoubtedly benefit from Lowe’s global reach and deep supplier relationships, Lowe’s believes that preserving Rona’s local market expertise and relationships is critical.”