{"id":18178,"date":"2012-02-15T17:19:00","date_gmt":"2012-02-15T22:19:00","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/2012\/02\/hardware-home-center-industry-updates-february-2012\/"},"modified":"2012-02-15T17:19:00","modified_gmt":"2012-02-15T22:19:00","slug":"hardware-home-center-industry-updates-february-2012-2","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2012\/02\/hardware-home-center-industry-updates-february-2012-2\/","title":{"rendered":"Hardware & Home Center Industry Updates February 2012"},"content":{"rendered":"
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Personnel Update<\/u><\/span><\/b>:<\/u><\/p>\n

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ABC Supply<\/b>has promoted David Johnson to the position of Director National Accounts.<\/o:p><\/span><\/div>\n
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ProBuild Holdings<\/span><\/b> has announced the appointment of Robert Marchbank as its new CEO.\u00a0 Fred Marino, who had filled the role of interim CEO for the past several months, will continue to serve as vice chairman of the company\u2019s board of directors.<\/o:p><\/span><\/div>\n
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Rona<\/span><\/b> has appointed Dave Carr to the position of VP Retail, Western Canada<\/st1:place>, and Fran\u00e7ois Hardy to the position of VP Dealer-Owner Network Development. <\/o:p><\/span><\/div>\n
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The Wolf Organization<\/span><\/b>, parent of WOLF<\/b> formerly called Wolf Distributing Co., announced a executive restructuring.\u00a0 Brad Kostelich will assume the position of President of WOLF. \u00a0Mike Sessinger will serve as Exec VP Sales. Rick Post, Bob Lett, Joe Facini and Mark Simmers will serve as regional VPs in WOLF\u2019s Northeast, Mid-Atlantic Building Products, Mid-Atlantic Kitchen and Bath<\/st1:city><\/st1:place> and Southeast business units, respectively.\u00a0 Patty Cobaugh, who will assume the title of Exec VP.<\/o:p><\/span><\/div>\n
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W.T. Harvey Lumber Co<\/span><\/b>. announced that CEO Wilfred “Bubber” Gross Jr., passed away from cancer.<\/o:p><\/span><\/div>\n
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Financial Focus<\/span>:<\/u><\/p>\n

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Plum Creek Timber Co<\/span><\/b>. reported revenues of $1.167 billion for fiscal 2011, a 2.5% decrease over $1.19 billion in 2010.<\/o:p><\/span><\/div>\n
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Tractor Supply Company <\/span><\/b><\/span>announced financial results for its fiscal year ended December\u00a031, 2011. \u00a0Net sales increased 16.3% to <\/span><\/span>$4<\/span><\/span>.23\u00a0billion from <\/span><\/span>$3.64 billion<\/span><\/span> in fiscal 2010. <\/o:p><\/span><\/span><\/div>\n
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Weyerhaeuser <\/span><\/b>reported net sales from continuing operations of $6.2 billion for the full year 2011.<\/o:p><\/span><\/div>\n
\u00a0<\/o:p><\/span><\/i><\/b>\u00a0<\/o:p><\/span><\/b><\/div>\n
Industry Insight:<\/u><\/o:p><\/span><\/b><\/div>\n

City Mill Co<\/span><\/b>. plans to open a new store in Oahu<\/st1:city>, Hawaii<\/st1:state><\/st1:place>.<\/o:p><\/span><\/div>\n
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Lowe’s<\/span><\/b> has stated it is slowing down its rate of new store openings and canceling some projects that were in the pipeline. Instead of a new store-opening rate of about 30 per year, Lowe’s expects to open 10 to 15 new stores per year in North America<\/st1:place> starting in 2012.
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Mamayek’s Hardware<\/b> of Milwaukee, WI has closed.\u00a0<\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Personnel Update: ABC Supplyhas promoted David Johnson to the position of Director National Accounts. ProBuild Holdings has announced the appointment of Robert Marchbank as its new CEO.\u00a0 Fred Marino, who had filled the role of interim CEO for the past several months, will continue to serve as vice chairman of the company\u2019s board of directors.… Continue reading Hardware & Home Center Industry Updates February 2012<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[6,11],"class_list":["post-18178","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-csg-old","tag-eupdate","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/18178","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=18178"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/18178\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=18178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=18178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=18178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}