Weekly Industry Insights — 08/09/24
Bliffert Lumber Promotes Dejewski to Chief Financial Officer
Century Club retailer Bliffert Lumber, headquartered in Milwaukee, Wis., has announced Dave Dejewski as the new chief financial officer. Dejewski, who has been with the company since 2022 as controller, will now oversee the company’s financial operations and lead its financial team. Bliffert Lumber Owner Eli Bliffert highlighted the company’s recent expansion from two to 14 locations, underscoring the importance of Dejewski’s financial expertise in navigating future growth. Dejewski, who brings 15 years of experience to the role, expressed enthusiasm about contributing to Bliffert’s continued success. His appointment took effect on July 31, 2024, and he will be based at the company’s Oak Creek location.
Crescent Tools Unveils New Cushion Grip Adjustable Wrench
Crescent Tools, the Charlotte, N.C.-based inventor of the adjustable wrench, has launched a new cushion grip adjustable wrench designed to make fittings faster and eliminate on-the-job frustration. The tool features a Quick-Fit Jaw with a 1-degree slope for quicker fitments, an off-corner loading design to prevent rounding of fasteners, and a wide jaw for increased access and capacity. Additionally, a smaller knurl minimizes the risk of accidental back-off. The wrench is available in various sizes, including 6″, 8″, 10″, and 12″. “We are excited to offer a solution to a common job site frustration,” said Ryan Kropfelder, senior product manager. For more information, see this Crescent Tools press release.
Ace Hardware Adopts VusionGroup’s Digital Labels for Store Efficiency
Ace Hardware has entered into a partnership with VusionGroup to implement advanced digital shelf label technology across its network of more than 5,000 stores. This initiative, coinciding with the retailer’s 100th anniversary, aims to enhance pricing accuracy and operational efficiency. The new system, which uses VusionGroup’s Bluetooth-based IoT platform and cloud management software, will allow Ace to update pricing quickly and manage store operations more effectively. The technology also includes LED features for improved in-store navigation. For more information, see this related press release. For more information about electronic shelf tags and other evolving technology for retail hardware stores, see Craig Webb’s article “7 Big Ideas from the Retail Industry’s Big Show” in the February issue of Hardware Connection.
Do it Best Expands Online Lumber Sales Capabilities
Do it Best has announced the expansion of its online lumber sales capabilities, enhancing the shopping experience for customers. “Lumber was among the top searches on our site, showing clear market demand,” said Brianna Wells, divisional manager of ecommerce: marketing and merchandising. The initiative allows customers to pre-buy online before visiting the store, providing a streamlined experience. The enhanced platform features more than 1,500 lumber items, with new products added daily. Do it Best is collaborating with its members to integrate their POS systems, ensuring real-time updates on pricing and inventory. The company aims to meet the evolving expectations of consumers and support its members in staying competitive in the dynamic market. Early results show positive trends in online orders and in-store purchases.
Hillman Announces Leadership Transition: Jon Michael Adinolfi to Become CEO in 2025
Hillman, a fasteners manufacturer based in Cincinnati, Ohio, announced that effective January 1, 2025, Jon Michael Adinolfi, the current chief operating officer, will assume the roles of president and chief executive officer. Doug Cahill, the current chairman, president and CEO, will transition to the role of cxecutive chairman. This planned leadership succession aims to ensure continuity in Hillman’s leadership and strategy. “Hillman has built a 60-year legacy of service and innovation,” Adinolfi said. “As the next CEO, I look forward to continuing this legacy and deepening our partnerships with customers across North America.” The leadership change is part of Hillman’s long-term strategic planning to maintain its position as a trusted partner in the hardware and home improvement industry. For more information, visit the Hillman press release.
Do it Best Awards $1,000 Intern Scholarship
Do it Best concluded its 2024 summer internship program on August 2 by awarding a $1,000 scholarship to Ethan Schrek, a business analytics and applied computational mathematics and statistics student at the University of Notre Dame. The internship offers students the opportunity to gain real-world experience through mentorship, professional development, and team-based projects. The program culminates in a capstone presentation, evaluated by company executives, where students showcase their growth. Schrek’s outstanding performance earned him the top scholarship. “This scholarship acknowledges Ethan’s dedication and hard work,” said VP of Human Resources Gary Furst.
