Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Mitre 10 expands: tie-up to major US hardware co-operative

1 July 2014

Mitre 10 expands product range with tie-up to major US hardware co-operative

Kiwis are set to get access to a new range of home improvement products, with the country’s leading home improvement and garden retailer Mitre 10 New Zealand Limited today announcing a long-term strategic alliance with United States based Ace Hardware International, the world’s largest hardware co-operative.

Mitre 10 CEO Neil Cowie said the agreement, effective from today (1 July 2014), will further strengthen Mitre 10’s product offering.

“Following strong recent growth in both turnover and store numbers here in New Zealand we have been actively seeking an additional strategic supply partner to support our continuing growth and better serve our DIY and trade customers with an extended range,” Mr Cowie said.

“We are delighted that the arrangements we have made with Ace Hardware give us access to a single source of products from the United States, access to shared expertise, and a stronger supply chain.

“While we will continue to source from our many suppliers here in New Zealand and in Asia, our new affiliation with Ace Hardware International gives more choice to Kiwis who want to improve their homes.

“Like us, Ace Hardware is a locally owned and operated co-operative with strong community ties built on the passion and ingenuity of its retail store owners. We feel these synergies, along with the organisation’s proven wholesale performance, make them an ideal partner for us.

“We are really excited to enter this alliance and believe it will help us to keep up the momentum we’ve achieved over the past few years to continue forward with solid growth and expansion.”

Ace International Holdings President Bob Moschorak applauded the strategic alliance between Mitre 10 and Ace Hardware, which has a retail sales turnover of NZ$13.7 billion per year.

“Ace Hardware is pleased to be the exclusive wholesale supplier to New Zealand’s largest and most successful home improvement retailer, Mitre 10,” Moschorak said.s

“From Mitre 10’s vision to be ‘the best home improvement store in every town’ and its customer-centric values, to its strong financial performance and market-leading position, we could not think of a company better aligned with Ace’s vision to further grow our international wholesale presence.”

New products sourced via Ace Hardware International are expected to hit the shelves in Mitre 10 stores in the coming months. As well as providing national product solutions, the agreement also provides the individual Mitre 10 stores with the opportunity to purchase product from Ace Hardware themselves.

About Mitre 10
Mitre 10 is a New Zealand co-operative with 81 locally owned and operated stores nationwide that employ close to 4,000 team members combined. It is the country’s largest home improvement and garden retailer and one of the fastest growing trade merchants. Mitre 10 has been a household name since 1974 and has been voted the most trusted home improvement retail brand in New Zealand four times.

About Ace Hardware International
For 90 years, Ace Hardware has been known as the place with the helpful hardware folks in thousands of neighbourhoods across America, providing customers with a more personal kind of helpful. In 2014, Ace ranked ‘Highest in Customer Satisfaction with Home Improvement Retail Stores, Eight Years in a Row’, according to J.D. Power. With more than 4,850 hardware stores locally owned and operated across the globe, Ace is the largest hardware co-operative in the industry. Headquartered in Oak Brook, Illinois, Ace and its subsidiaries currently operate 14 distribution centres in the U.S. and also have distribution capabilities in Shanghai, China; Panama City, Panama; and Dubai, United Arab Emirates. Its retailers' stores are located in all 50 states, the District of Columbia and approximately 60 countries. For more information on Ace, visit www.acehardware.com.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news