TOP STORIES from our HARDLINES e-Newsletter

Ace files legal action against TIM-BR MART

SPECIAL REPORT — HARDLINES has learned that Ace Hardware in the U.S. has filed an emergency injunction against its Canadian partner, TIM-BR MART Group, through TIM-BR MART’s parent company, TBM Holdco Ltd.

The injunction centres around the licensing agreement Ace has with TIM-BR MART, which expires August 31. After that date, Ace dealers in Canada will be free to seek other sources of hardware supply and other banner affiliations. (RONA has forged a new deal with Ace, and will represent the banner in Canada effective September 1.) Until that time, TIM-BR MART cannot make any efforts to convert the dealers. The legal action charges that this was not the case.

>>FULL STORY IN OUR WEEKLY E-NEWSLETTER.


TIM-BR MART responds to Ace’s emergency order

SPECIAL REPORT — TIM-BR MART Group, through its parent company, TBM Holdco Ltd., is facing legal action from Ace Hardware’s International division. TBM has been charged by its soon-to-be former partner of acting in bad faith as their long-standing licensing agreement winds down at the end of this month. A release by Ace dated August 4 refers to that legal action, saying that TBM has been attempting to switch Ace dealers to an alternative source of hardware supply before the August 31 deadline.

>>FULL STORY IN OUR WEEKLY E-NEWSLETTER.


RONA will hand Ace portfolio to its Winnipeg team

WINNIPEG — On a North American basis, given the proximity of RONA’s TruServ Canada DC in Winnipeg to Ace’s Chicago-area operations, much of the emphasis on Ace from RONA’s side will come out of the TruServ division.

“This agreement will enable us to improve our offering to small dealers across the country, to leverage our existing distribution infrastructure, and to strengthen our…

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BACKGROUND: Ace has a long history in Canada

SPECIAL REPORT — Ace Hardware is the largest co-op home improvement retailer in the U.S., and in the world. Its reach extends to more than 60 countries, but its presence in its neighbour to the north has always been problematic.

Ace’s first attempt to secure a foothold in Canada actually took the form of negotiations back in the 1980s with Cochrane-Dunlop, a full-line hardware wholesaler. Ace even chatted around that time with Macleod-Stedman (which later became TruServ Canada)….

>>FULL STORY IN OUR WEEKLY E-NEWSLETTER.


Imperial’s Norm Caissie acquires Don Park in Toronto

TORONTO — Normand Caissie founder of Richibucto, N.B.-based Imperial Manufacturing, has acquired Don Park Residential Manufacturing, a Toronto-based producer of galvanized duct, pipe, and fitting products for the HVAC market. Don Park had been part of Emco’s takeover of RONA’s commercial division a year ago…

>>FULL STORY IN OUR WEEKLY E-NEWSLETTER.


DAILY NEWS UPDATES

Mumby sells Dynamic to U.S. distributor

SPARTANBURG, S.C. — The Merit Distribution Group will acquire Dynamic Paint Products…

Apex Tool Group acquires Niagara Tools

DALLAS — Generational Equity, which advises privately-held, middle-market businesses…

Target Canada not finished yet: experts

MISSISSAUGA, Ont. — Target won’t give up on Canada too easily, despite calls for…

Titan to acquire Slegg

VICTORIA — WSB Titan, Canada’s largest privately owned gypsum dealer, is poised to buy…

Tim Hortons in talks with Burger King

OAKVILLE, Ont. — Burger King and Tim Hortons have confirmed that they are in talks…

Sears opens Western fulfillment centre

CALGARY — Sears Canada officially opened a 240,000 square-foot…

Craig Menear named Home Depot president & CEO

ATLANTA — Craig Menear has been named president and CEO…

Lowe’s sales and profits soar in second quarter

MOORESVILLE, N.C. — Sales for Lowe’s in the second quarter increased 5.7%…

U.S. housing starts rise in July

WASHINGTON — Privately-owned housing starts in July were at a SAAR of 1,093,000. This is 15.7%…

Hardlines on BNN: big boxes, small stores, and e-retail

Hardlines’ own editor Michael McLarney talked to BNN …

Home Depot posts Q2 gains, hikes outlook

ATLANTA — Home Depot reported sales of $23.8 billion for the second quarter, a 5.7% …

Japan's Muji comes to Toronto

TOKYO — Housewares retailer Muji will open its first Canadian store at the Toronto Eaton…

Walmart hits competition with price cuts

BENTONVILLE, Ark. — Wal-Mart Canada will make sacrifices from its bottom line in order…

Target tackles Canadian woes

MISSISSAUGA, Ont. — Target has announced a series of initiatives to improve its struggling…