{"id":313,"date":"2011-09-22T13:56:00","date_gmt":"2011-09-22T17:56:00","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/2011\/09\/home-center-company-profile-menard-inc\/"},"modified":"2011-09-22T13:56:00","modified_gmt":"2011-09-22T17:56:00","slug":"home-center-company-profile-menard-inc","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2011\/09\/home-center-company-profile-menard-inc\/","title":{"rendered":"Home Center Company Profile: Menard Inc."},"content":{"rendered":"
\n

Address:<\/strong>
\n5101 Menard Dr
\nEau Claire,WI54703-9604<\/p>\n

Telephone<\/strong>:
\n715 876-5911<\/p>\n

Internet Homepage<\/strong>:
\nhttp:\/\/www.menards.com<\/a><\/p>\n

Total Stores:<\/strong>
\n259<\/p>\n

Total Square Footage:<\/strong>
\n36,260,000<\/p>\n

Total Annual Sales:<\/strong>
\n$8,300,000,000<\/p>\n

 <\/p>\n

The perennial number three in Chain Store Guide\u2019s Index of Leading Companies in our Home Center Operators & Hardware Chains database, Menard achieves this distinction as a regional chain behind national powers Home Depot and Lowe\u2019s.\u00a0 In many ways Menard is the most remarkable of these three most accomplished retailers.<\/p>\n

Over the past few years, traditional industry number one Home Depot has had to totally regroup as it rid itself of the radical changes brought on by the Nardelli era.\u00a0 Former CEO Robert Nardelli had been forced to abruptly depart Home Depot, though with a controversial $121 million golden parachute.\u00a0 Not only did the company lose a great deal financially as it divested itself of the Nardelli era\u2019s costly pro dealer acquisitions in a very down recessionary market, it essentially determined to go back to the specific do-it-yourself roots that had been created by the company\u2019s founders.\u00a0 Thus it also closed a number of specialty retail operations including its EXPO Design Centers.\u00a0 These moves were made all the more necessary by the imposing economic stranglehold brought on as a result of the subprime crisis followed by the recession.<\/p>\n

Lowe\u2019s too has considerably scaled back on its typical expansion plans and retrenched as it awaits stronger economic times within the industry.\u00a0 In fact Lowe\u2019s made some headlines of its own recently as it closed several stores across the country while admitting they had been underperforming and showed no signs of improving on that picture.\u00a0 When these closings and the reasoning behind them were announced, word got out that the many employees who suddenly were without jobs were given virtually no notice.\u00a0 This from a company that not too long ago was a darling of Wall Street.<\/p>\n

Meanwhile, while Menard has reduced annual openings over the past two years the company\u2019s real estate department continues to be aggressive in acquiring sites for its future big, big boxes.\u00a0 This is not a company that shrinks from competition. The company continues to plan its new and future openings in disparate locations as it recently announced it will open a new store in Miami Township,Ohio, after demolishing a shopping center it purchased for $5.36 million.\u00a0 The 201,000-sq.-ft. plaza was anchored by Walmart before the discounter moved to another location. The remaining stores will be torn down to make way for the construction of a $9 million Menards store.\u00a0 Negotiations are currently under way for a possible site as Menard looks to expand its regional grasp to the far off climes of Wyoming.<\/p>\n

In addition to expanding through its real estate portfolio, Menard continues to tweak all aspects of its merchandising.\u00a0 The company shook up the industry by being the first chain to add groceries to its product mix after considerable investments in refrigerators and freezers.\u00a0 The company has always prided itself on continuously revising its product selection with an eye toward offering its customers the thrill of the hunt as goods are constantly added and replaced and pricing specials are designed to lure regular customers in on an at least weekly basis.<\/p>\n

Even the company\u2019s founding stands unique. \u00a0Here a single visionary, John Menard founded the retail entity as a single unit solution to the needs of local contractors in 1962 after embarking on a construction business of his own to finance his college education.<\/p>\n

John Menard remains the head and guiding light of the company to this day.\u00a0 His son and heir apparent, Paul is a much respected NASCAR driver and interestingly one of the few who seems to get along with other drivers.<\/p>\n

Several years ago, at the National Hardware Show, word got out one day that a group of buyers from Home Depot had arrived.\u00a0 A distinct mood of anticipation permeated the show.\u00a0 Later, word circulated that the buyers from Menard had just entered the show.\u00a0 The mood quickly changed to something approaching fear.\u00a0 Preparing for the Home Depot buyers evoked a sense of worry due to the amount of total buying power they represented.\u00a0 Menard\u2019s people however came with a reputation for dealing hard.\u00a0 That is a part of the legacy and genius, yes genius of John Menard.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Address: 5101 Menard Dr Eau Claire,WI54703-9604 Telephone: 715 876-5911 Internet Homepage: http:\/\/www.menards.com Total Stores: 259 Total Square Footage: 36,260,000 Total Annual Sales: $8,300,000,000   The perennial number three in Chain Store Guide\u2019s Index of Leading Companies in our Home Center Operators & Hardware Chains database, Menard achieves this distinction as a regional chain behind national… Continue reading Home Center Company Profile: Menard Inc.<\/span><\/a><\/p>\n","protected":false},"author":6,"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":[15],"class_list":["post-313","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/313","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\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=313"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/313\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}