Hardware Retailing

DEC 2018

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

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December 2018 | HARDWARE RETAILING 37 O Ace Hardware Corp. announced plans to expand its retail support center in West Jefferson, Ohio. O Home Hardware Stores Limited's president and CEO, Terry Davis, has announced his plans for retirement. Davis will be helping transition the company to a new leader. O The Central Network Retail Group (CNRG) will acquire 14 Mac's Hardware locations throughout the Midwest. O Kevin Macnab has been named president and CEO of Home Hardware Stores Ltd. Macnab previously served as vice president of finance, real estate and information technology for Toys R Us, and later became the president of Toys R Us Canada. O PRO Group Inc. has promoted controller Heidi Wodark to chief financial officer. Wodark joined PRO Group in 2007, and has served in the controller position since then. O Sears Holdings Corp. filed for bankruptcy protection and confirmed plans to close another 142 stores. O Orchard Supply Hardware, a home improvement chain with 99 locations in California, Oregon and Florida, will close nationwide by the end of fiscal 2018, parent company Lowe's confirmed. O Orgill Inc. announced that the company will be expanding its distribution center in Kilgore, Texas. The company will nearly double the size of the existing facility. O Orgill Inc. announced Ron Beal will continue to serve as chairman and CEO, and Boyden Moore will serve as president. Brett Hammers will become the company's executive vice president of worldwide sales and supply chain, and Eric Divelbiss will serve as CFO and executive vice president of finance and administration. O Do it Best Corp. promoted Steve Markley, who will serve executive vice president of operations. William "Dent" Johnson will now serve as the company's vice president of merchandising. O Home Depot committed to investing about $11 billion in "internal improvements," including more distribution centers. Rather than focusing on expanding with new stores, the company will open approximately 170 warehouse and distribution facilities throughout the U.S. O The U.S. Supreme Court ruled that states have the power to require online retailers to pay sales tax on purchases made online. June July August September October November O Lowe's named Marvin Ellison, former chairman and CEO of J.C. Penney Co., as president and CEO. O Orgill Inc. was one of 43 U.S. companies recognized with a presidential export award. Orgill received its first "E" Award in 2014 and was this year honored with the "E" Star Award, which recognizes previous winners of the "E" Award for expanding U.S. exports. O Do it Best Corp. has formed a partnership with Paint Sundries Solutions to provide Do it Best members opportunities for growth. May

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