Hardware Retailing

MAY 2018

Hardware Retailing magazine is the pre-eminent how-to management magazine for small business owners and managers in the home improvement retailing industry.

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May 2018 | HARDWARE RETAILING 155 1969 New Ventures Menards launches its truss plant, which became Menards Building Division and manufactured building materials, such as siding. 2016 Labor Trouble The National Labor Review Board rules Menards violated federal law, its second violation in as many years. 9 The Big Time Menards opens several large-format stores, each at more than 200,000 square feet, throughout the Midwest. 10 1990s Growth and Change Menards doubles its store count throughout this period. The company sells Menards Building Division in 1994. industry in 1958. 7 As more machinery was introduced into dairy farming, he recognized a need for low-cost agricultural buildings to house livestock and equipment. 7 Within a year, Menard's pole building construction business was already gaining a reputation in Eau Claire, Wisconsin, where Menards' corporate headquarters is now located. 7 As consumers started requesting lumber and building materials, Menard entered into the building materials business, calling his retail outlet Menard Cashway Lumber and opening the first retail location in 1964. 4 The company expanded into manufacturing more substantial building materials on-site, opening a truss plant in the late 1960s. 7 The truss plant eventually developed into the Menard Building Division and manufactured steel siding and roofing, interior and exterior doors, decking and treated lumber and other materials. 7 Menards sold the Menard Building Division in 1994, ending more than 30 years in the pole building business. 7 During that same period, the company operated 78 Menards stores. 4 An early experimentation for the retailer was using an efficient delivery system to supply its stores. Menards was the first DIY home improvement company to use the "hub-and-spoke" system, with all deliveries originating from the company's distribution facility in Eau Claire. 4 Home Depot and Lowe's would later adopt similar distribution strategies, and a Forbes analyst speculates that the companies were inspired by Menards to implement similar methods in their businesses. Menards supplied all of its stores from its distribution center in Eau Claire until 1998, when a second center opened in Plano, Illinois, according to the company. Menards now operates 11 distribution centers in eight states, including two in Wisconsin and three in Iowa. 7 1 corporate.walmart.com 2 corporate.target.com 3 Office of the Wisconsin Secretary of State 4 Forbes (multiple articles) 5 Lowes.com 6 corporate.homedepot.com 7 Menards.com 2000s

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