{"id":11583,"date":"2019-02-19T09:12:28","date_gmt":"2019-02-19T14:12:28","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=11583"},"modified":"2019-02-19T09:12:28","modified_gmt":"2019-02-19T14:12:28","slug":"datatrac-home-center-hardware-chains-february-2019","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2019\/02\/datatrac-home-center-hardware-chains-february-2019\/","title":{"rendered":"DATATRAC: Home Center and Hardware Chains \u2013 February 2019"},"content":{"rendered":"

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

\u2022 ABC Supply (36) <\/strong>made a couple of promotions. Frank Marcoccio is now Southeast Region VP (taking over for the retiring Jim Kaufman) and Jonathan Shepard is Southwest Region VP (taking over for the retiring John Yonkin).<\/p>\n

\u2022 Capital Lumber (6) <\/strong>named Scott Gaskin as its new President, taking over for Sam Sanregret who is now EVP.<\/p>\n

\u2022 Tractor Supply (33) <\/strong>promoted Kurt Barton from SVP to EVP. Barton is also CFO and Treasurer.<\/p>\n

 <\/p>\n

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

\u2022 Ace Hardware <\/strong>had a great 2018, with record revenues of $5.7 billion, up 6.1% from the previous year, and same store sale up 2.3%.<\/p>\n

\u2022 Weyerhaeuser Co.<\/strong> reported 2018 net sales up 4.2% to $7.5 billion from a 2017 total of $7.2 billion.<\/p>\n

 <\/p>\n

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

\u2022 Dubell Lumber Co. <\/strong>a 97-year-old New Jersey company went out of business with little warning this month, closing its 5 stores, distribution center and truss plant.<\/p>\n

\u2022 Hancock Lumber <\/strong>of Main announced it will build a new lumberyard and kitchen design center, which will open in 2020.<\/p>\n

\u2022 Home Depot <\/strong>is closing a number of its installed services programs including insulation, gutters, roofing and siding.<\/p>\n

\u2022 Lowe\u2019s<\/strong> is getting out of the connected device business, having announced that it would no longer operate the Iris smart home platform after the end of March.<\/p>\n

\u2022 Lowe\u2019s Canada<\/strong> opened a new prototype when it remodeled a Winnipeg RONA recently.<\/p>\n

 <\/p>\n

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

\u2022 BMC <\/strong>acquired Locust Lumber <\/strong>(Charlotte, NC). Locust operates 3 locations. BMC also recently acquired Barefoot & Company in the Charlotte market.<\/p>\n

\u2022 Griffin Lumber<\/strong> (Georgia) acquired Blake Builders Supply and Specialty Structural Products, a manufacturing facility.<\/p>\n

\u2022 Westlake Ace Hardware<\/strong> acquired a McKinney, TX store from Groom & Sons\u2019.<\/p>\n

 <\/p>\n

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

\u2022 Busy Beaver <\/strong>will open its 4th<\/sup> West Virginia location in April.<\/p>\n","protected":false},"excerpt":{"rendered":"

Personnel Updates \u2022 ABC Supply (36) made a couple of promotions. Frank Marcoccio is now Southeast Region VP (taking over for the retiring Jim Kaufman) and Jonathan Shepard is Southwest Region VP (taking over for the retiring John Yonkin). \u2022 Capital Lumber (6) named Scott Gaskin as its new President, taking over for Sam Sanregret… Continue reading DATATRAC: Home Center and Hardware Chains \u2013 February 2019<\/span><\/a><\/p>\n","protected":false},"author":12,"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-11583","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\/11583","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\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=11583"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/11583\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=11583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=11583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=11583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}