{"id":11404,"date":"2019-01-23T13:25:41","date_gmt":"2019-01-23T18:25:41","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=11404"},"modified":"2019-01-23T13:25:41","modified_gmt":"2019-01-23T18:25:41","slug":"datatrac-home-center-hardware-chains-january-2019","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2019\/01\/datatrac-home-center-hardware-chains-january-2019\/","title":{"rendered":"DATATRAC: Home Center and Hardware Chains \u2013 January 2019"},"content":{"rendered":"

Personnel Updates<\/strong><\/h4>\n

\u2022 Beacon Roofing Supply (31) <\/strong>promoted Chief Commercial Officer C. Eric Swank to COO.<\/p>\n

\u2022 BMC Stock (34) <\/strong>made a number of executive moves in recent weeks. The company appointed Tim Johnson as EVP and General Counsel, Joyce Vonada as CIO and Gary Gross as VP of Pro Remodeling.<\/p>\n

\u2022 Boise Cascade (36)<\/strong> promoted Nate Jorgensen to COO and Mike Brown to EVP of the Wood Products Division. Brown takes over for the retiring Dan Hutchinson. In other promotions, Jill Twedt becomes General Counsel (assuming the role vacated by the retiring John Sahlberg) and Erin Nuxoll becomes SVP of Human Resources.<\/p>\n

\u2022 Do It Best (144) <\/strong>named Jason Stofleth Divisional Merchandise for Plumbing, Tools, Farm and Ranch, Cleaning and Storage and Housewares. The company also named Laura Williams Merchandise Manager for Hand Tools and Nicole Kepler Associate Merchandise Manager of Tools.<\/p>\n

\u2022 Huttig (16)<\/strong> SVP and General Counsel Rebecca Kujawa left the company.<\/p>\n

\u2022 The Lester Group<\/strong> (10)<\/strong> elected Jay Dickens as President.<\/p>\n

\u2022 Louisiana-Pacific Corp<\/strong>. (23) <\/strong>named Alan Haughie Exec VP and CFO.<\/p>\n

\u2022 McCoy\u2019s Building Supply (52) <\/strong>promoted Meagan McCoy to President and COO, taking over the title of President from her father, Brian McCoy, who remains CEO and Chairman.<\/p>\n

 <\/p>\n

Financial Focus<\/strong><\/h4>\n

\u2022 Fastenal <\/strong>reported Fiscal 2018 revenue of $4.965B, a 13.1% increase over 2017.<\/p>\n

 <\/p>\n

Industry Insight<\/strong><\/h4>\n

\u2022 Hardware Distribution Warehouses <\/strong>(Marshall, TX) has held liquidation sales in advance of going out of business.<\/p>\n

\u2022 Lowe\u2019s <\/strong>plans to hire 65,000 employees in 2019. That number includes 6,000 leadership roles and 50,000 seasonal employees.<\/p>\n

\u2022 Lumber Liquidators <\/strong>introduced a new store prototype in the form of its Altamonte Springs, FL store. The new store has a larger retail floor space, more SKUs and offers more services for the pros.<\/p>\n

\u2022 Lumber Liquidators <\/strong>will open approximately 20 new stores in 2019.<\/p>\n

\u2022 McCoy\u2019s Building Supply <\/strong>opened its 88th<\/sup> store.<\/p>\n

\u2022 Sherwin-Williams\u00a0<\/strong>warned its investors that its Q4 performance won\u2019t meet expectations.<\/p>\n

 <\/p>\n

Mergers and Acquisitions<\/strong><\/h4>\n

\u2022 Your Building Centers Inc. <\/strong>acquired Berlin Lumber Company <\/strong>(Berlin, PA). YBC will continue to operate the company under the Berlin Lumber Company name.<\/p>\n

 <\/p>\n

Real Estate<\/strong><\/h4>\n

\u2022 84 Lumber <\/strong>is reopening its Brooksville, FL lumberyard after it originally closed the site 10 years ago.<\/p>\n

\u2022 Alexander Lumber Co. <\/strong>is closing 5 lumber yards in Illinois – Canton, Lincoln, Monmouth, Rushville and Taylorville. The company will also combine its Bloomington operation with its Le Roy yard and its Gilman location with its Watseka and Fairbury yards.<\/p>\n","protected":false},"excerpt":{"rendered":"

Personnel Updates \u2022 Beacon Roofing Supply (31) promoted Chief Commercial Officer C. Eric Swank to COO. \u2022 BMC Stock (34) made a number of executive moves in recent weeks. The company appointed Tim Johnson as EVP and General Counsel, Joyce Vonada as CIO and Gary Gross as VP of Pro Remodeling. \u2022 Boise Cascade (36)… Continue reading DATATRAC: Home Center and Hardware Chains \u2013 January 2019<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[11],"class_list":["post-11404","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-eupdate","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/11404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=11404"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/11404\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=11404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=11404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=11404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}