Hardware Show flourishes in Orlando
ORLANDO, Fla. — Healthy traffic and more exhibitors of national brands indicate that the National Hardware Show has weathered a one-time move from Las Vegas to this central-Florida city. More than 3,400 exhibitors converged on the Orange County Convention Center, attracting dealers, buyers and reps from all over the U.S., as well as Mexico and Canada.
After only two years at a new location in Las Vegas, the show was forced to move to Orlando, due to space requirements. (Next year it will return to the Las Vegas Convention Center and Sands Expo Convention Center, May 6-8.)
"We are really pleased with two things," says Dennis MacDonald, vp of Reed Exhibitions, which owns the show. "We were able to pull from the South and Southeastern States, more than we did in Las Vegas. And among our pre-registrations, 73% are brand new, so the vendors will get to see new dealers."¬‚
Despite the new locale, or perhaps because of it, Canada was well represented at the show, with buyers from major retail groups, such as Canadian Tire, Home Depot, Home Hardware, Federated Co-op, BMR, UFA, Peavey, and PRO Retail Services, all in attendance. One group that was noticeably absent was RONA, which failed to send any buyers this year, even though that retailer has been strongly represented in the past.
While some detractors criticize the show for its lack of major brand vendors, some are, in fact, beginning to return. 3M had a giant booth, while companies such as Arrow Fastener, Channellock, Danaher Tool, ICI Paints, and Red Devil were all present. Dorel, the Montreal-based company that represents a range of brands in different channels, was front and centre at NHS with its Cosco brand of products.
One major brand that did come back — albeit at the last minute — was Bosch. The giant toolmaker determined that it would meet customers at the show, but was unable to obtain booth space only days before the show was to open. The company negotiated with the show's organizers to have a private room onsite at the convention centre. There, it displayed a range of new products and held private meetings with buyers.
Among the new products being showcased, three trends emerged. Products that were "green" — either manufactured to environmentally friendly specifications or which help consumers be more eco-friendly themselves — were being touted everywhere. Storage and organization was another trend in evidence, with everything from space-saving cabinetry and racking to electrically powered hoists that raise racks and bicycles up out of the way. Third, new innovations spurred by technological advances surfaced in security products, power tools, kitchen wares, and landscape accessories.
Canac-Marquis quits ILDC
ANCIENNE-LORETTE, Que. — Canada's most exclusive buying group has made an extraordinary move by agreeing to the departure of one of its members. Independent Lumber Dealers Co-operative (ILDC) has parted ways with one of its largest members, Canac-Marquis Grenier.
ILDC has fewer than two dozen members, yet these members, who include giants like Kent, with 30 stores in Atlantic Canada, and Copp Building Materials, which has four in London, Ont., has about 140 points of sale across Canada.
Canac-Marquis, which is based here and has 14 outlets throughout Quebec — plus one hardware store in Trois-Rivières — has estimated sales in excess of $250 million, according to the Hardlines Who's Who Directory
The expansion by Canac-Marquis into new markets in Quebec may have contributed to its departure. ILDC has always been strongly represented in that province, where it has eight members besides Canac-Marquis. Its members have always respected geographic boundaries, making sure to stay out of each other's markets. But some Canac-Marquis stores land squarely in the marketplaces of other ILDC members. For example, the one in Chicoutimi competes with a Potvin et Bouchard store, and its hardware store in Trois Rivières is in the environs of one of Patrick Morin's outlets.
Andrew Battagliotti, general manager of ILDC, would not comment on the reasons for the split, except to say that Canac-Marquis "have been good members of ILDC since 1986, with long-term participation in the co-op. However, it reached a point where their goals and strategies differed with those of ILDC, so their board and our board agreed that it was time to split."
RONA's 1Q results fall short of expectations
BOUCHERVILLE, Que. — Poor weather and a slowdown in the housing markets in Quebec and Ontario were cited as the main factors contributing to a 4.1% decrease in RONA's first-quarter sales, which dropped to $9 million from $16.4 million for the first quarter of 2006.
Those same factors may also affect sales for the remainder of this year, the company said in a prepared statement. Bay Street responded quickly to the news, causing RONA shares to drop by $2.29, and close at $22.96, the day the news was announced.
RONA's first-quarter consolidated sales stood at $878.5 million, up 10% over the same period a year ago. These came mainly from acquisitions, such as Chester Dawe, Curtis Lumber, Matˆ©riaux Coupal and Mountain Building Centres, plus store openings, and new affiliate dealers. Excluding the contributions from major acquisitions, consolidated sales increased by 4.7%.
But RONA president and CEO Robert Dutton remains optimistic about the company's outlook for 2007. "Despite the current situation, I still have confidence that we will achieve the goal of our 7-07 program, which is to achieve $7 billion in annualized retail sales by the end of 2007. Our business model is robust and can perform very well in any kind of market environment," he said.
Canadian Tire has healthy 1Q despite slow start
TORONTO — Canadian Tire Corp. had first-quarter net earnings of $64.5 million, up 35.5% over $47.6 million in the same period of 2006. Sales for Canadian Tire's Retail division were up 3.1%, while same-store sales were up 1.3%.
Excluding non-operating gains and losses, company-wide net earnings were $66.9 million, an increase of 24.4% compared to $53.7 million last year. Basic earnings per share were $0.79, an increase of 35.5% compared to $0.58 per share recorded in the first quarter of 2006. Excluding non-operating gains and losses, adjusted basic earnings per share increased 24.4% to $0.82, compared to $0.66 the previous year.
CanWel's sales dip, profits tumble, in first quarter
VANCOUVER — CanWel Building Materials Income Fund, the billion-dollar LBM and hardware distributor that owns CanWel Distribution and CanWel, Hardware Division, had sales of $190 million in its first quarter. That's down from $217 million in 1Q 2006. For the quarter, the Fund reported an improved gross margin of $22 million, or 11.6% of sales, compared with $21 million, or 9.7% of sales, in 2006.
The company attributed lower sales during the quarter, on a year-over-year basis, primarily to industry-wide downward price pressure in lumber and panel products.
Meanwhile, gross margin increased thanks to a rise in the sales of specialty and hardware products, which represented 61% of the Fund's sales in the quarter, up from 58% a year ago. However, net earnings amounted to $166,000, plunging from $2.4 million during the same period in 2006.
"While the lumber and panel products pricing environment remains under pressure and challenging, we are pleased with our success in improving gross margin as we continue to grow the hardware and specialty product categories," said Tom Donaldson, president and CEO of CanWel.
Smart appliances, new cooking technologies are the focus of kitchen and bath show
LAS VEGAS — Smart products that take the work out of housework were the stars of the Kitchen/Bath Industry Show and Conference, which filled all three halls of the Las Vegas Convention Center. Those products included touchless faucets, ovens that take the guesswork out of cooking roasts, and dryers with steam features to eliminate wrinkles, all of which are targeting time-pressed consumers.
New oven technologies, including induction — which uses electromagnetic energy to heat pots and pans directly, while keeping the cooking surface cool, are set to hit the consumer market this fall. This year, home appliances with green features were also a big draw.
The annual event, which draws about 40,000 visitors and 900 exhibitors, ran over three days last week.
U.K.'s B&Q plots entry into India
LONDON — B&Q, Great Britain's largest home improvement retailer, is exploring franchise and joint-venture options with several partners for its planned expansion into India.
India's Economic Times
reports that B&Q, which is part of the retail conglomerate Kingfisher, plans to make an initial investment of $250 million in that country, and sent Steve Gilman, its chief of Asian operations, to India to meet with its minister of commerce and industry, Kamal Nath. B&Q wants a relaxation of retail norms that permit 51% foreign direct investment (FDI) in single-brand retail and 100% FDI in cash-and-carry under the automatic route.
B&Q has more than 700 stores in 10 countries, and will be looking to penetrate an Indian home improvement market that is growing at a 12-15% annual clip, according to an analyst quoted by Economic Times
At the same time, B&Q is reported to be planning a withdrawal from South Korea. It currently has two test stores there, in the capital of Seoul. Both Wal-Mart and Carrefour, which are expanding rapidly in China, pulled out of South Korea a year ago.
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JELD-WEN Windows and Doors, a worldwide leading manufacturer of reliable windows and doors, is seeking a proven sales professional to sell our products as a Territory Sales Manager
in the Northern Ontario market.
The responsibility of the Territory Sales Manager is to take continuous action to maximize repeat sales with existing customers and aggressively pursue new sales opportunities with prospective customers.
Preference will be given to candidates who have at least 5 years experience in selling windows and doors. In addition, a university degree, preferably in a business related program, would be a definite asset. He/she must be results-driven, organized and have the ability to cultivate relationships with window and door dealers and within the local building and architectural community.
JELD-WEN Windows and Doors are an equal opportunity employer and offer equitable wage and benefits packages to qualified applicants.
Forward your resume in confidence to:
John Cooke, Ontario Regional Sales Manager
Attn: TSM Opportunity
We thank you for your submissions, but only those applicants selected for an interview will be contacted.
Castle Building Centres Group Limited
Business Development Manager — British Columbia Region
Castle Building Centres Group is an industry leader among Buying Groups in the Lumber and Building Materials segment in Canada.
You are a highly motivated individual with strong relationship and communication skills that can manage and develop our future growth in British Columbia. This position requires an individual who is familiar with the British Columbia Lumber and Building Supply industry, willing to travel extensively and accustomed to working remote from head office.
Reporting to the Western Canadian Business Development Manager, you welcome the opportunity to work with a dynamic group of independent LBM dealers while planning and executing our future growth initiatives. Providing continual communication to our British Columbia members while understanding their needs is fundamental to your success. Sound computer and presentation skills; combined with good administrative qualities are imperative.
Castle Building Centres Group offers a comprehensive compensation package including full benefits.
All submissions will be treated with complete confidentiality. Please forward your resume in confidence to:
Castle Building Centres Group Ltd
6375 Dixie Road, Suite 400
Bilingual Sales Manager
Sales Manager Position now available for manufacturer of stair components and other quality wood products. Applicants must be bilingual in French and English, must possess extensive marketing knowledge relating to the industry and have some background in LBM.
Please send resume to: ZWT, P.O. Box 729, Vankleek Hill, ON K0B 1R0 Attn: A. Alexander
National Account Manager
Working from the client's Toronto GTA office the National Account Manager will be responsible for consumer hardware head office accounts. The ideal candidate will have a proven record of sales to head offices. You will be computer literate and have a record of achievement. This is a Tier One company, which provides a company car, excellent salary, bonus and benefit package. Please reply in confidence to Rick Harrison at A.E. Harrison & Partners Inc. (www.aeharrison.com
) by email to firstname.lastname@example.org
Self-Motivated, Energetic Sales Representative ~ GTA
Safety ’Äì Integrity ’Äì Diversity ’Äì Quality - Customer Satisfaction ’Äì Efficiency ’Äì Innovation. These core values define our relationships with our customers and with each other.
Delivering building solutions for 100 years, CGC Inc, is a highly successful manufacturer and marketer of gypsum, compound, grid and ceiling tile. With a vision to be the leader in providing building solutions for our customers across Canada
and an aggressive growth plan, there is a need to add a career-minded Sales Representative to our Ontario Sales Team. Duties include promotion, sales and service of our products to dealers, distributors, architects, designers and contractors with a strong focus on ceiling tile and grid products.
The ideal candidate will have at least 5 years building materials experience in sales and/or marketing, familiarity with both retail and commercial channels and post-secondary education in Business, Marketing or a related field.
If you meet the necessary qualifications and possess a great desire to play on a team that recognizes performance with a highly competitive total compensation package and offers great opportunity for career growth, we want to hear from you.
Please submit your resume and cover letter no later than Friday, May 4th, 2007 to:
Attn: Employment & Recruitment Manager
Sales and Marketing Exec Available
Highly accomplished Senior Executive with extensive experience and contacts in the US and Canadian retail/wholesale channels seeks new challenge. Expertise leading turnarounds, start-ups and refocusing underperforming sales and marketing organizations. Strategic thinker, analytical, creative problem solver, growth and profit driver.
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Work hard. Have fun. Make the Customer #1…
It's more than just a catch phrase at TSC Stores. It's the essence of our corporate culture and the attitude we look for in the people we hire. We believe our people are our number one asset. It is why we invest heavily in developing their skills, empowering them to succeed and rewarding their contribution. TSC Stores continues to grow with over 31 store locations currently located throughout Ontario.
As we move forward we are looking at hiring a Category Manager ’Äì Clothing & Apparel.
The Category Manager is responsible for all management initiatives of their assigned category including: category development and execution, product selection, vendor negotiations, pricing, communications and team development. The Category Manager must ensure brand integrity and develop the framework and overall strategy to take a business to market.
Successful candidates must have post secondary school education in Business, minimum 5 years experience as a Category Manger. Detail oriented with the ability to "think outside the box" and demonstrated strength in business development. We are looking for an energetic, self motivated individual who is a proven leader capable of developing and fostering a team environment.
If you are looking at pursuing a career in retail please submit your resume to:
TSC Stores L.P