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Published 02.09.2015 | Author : admin | Category : The Respect Principle Pdf

The privately held Wisconsin-based chain has a store in Findlay and has sites to construct two in metro Toledo.
The Toledo area had fierce competition from major home-improvement chains in the 1990s before they pulled out, leaving the area with no major do-it-yourself stores for at least a year. The Home Depot and Lowe's stores are on well-traveled corridors, such as Central Avenue in Sylvania Township and Alexis Road in Toledo, and carry items that appeal to do-it-yourselfers as well as professional contractors. He said two chains probably could do well in the market, but not the three major ones, plus The Andersons Inc. Disagreeing is Jeffrey Gibbons, a research associate with William Blair & Co., an investment bank in Chicago that recently conducted an analysis of the home-improvement market.
He said his company's analysis of the Toledo market found that it currently has a home-improvement store for every 30,000 households. Mark Lee, of Menards' properties division, said the Eau Claire, Wis., company does not comment about its competitors, but it expects to break ground on at least two stores this year on land it owns on Alexis Road across from the Meijer Inc. The company also is seeking request for a parcel on Curtice Road near I-280 in Northwood and plans to build a $58 million manufacturing and distribution complex in Williams County. The competition might benefit shoppers, however, in variety of choices and in pressure to offer specials and price discounts. Home Depot, of Atlanta, the nation's largest such chain with 1,750 stores, offers up to 50,000 items, such as floor and wall coverings, for contractors and seasoned do-it-yourselfers.

The Andersons, a general merchandiser that has three stores in metro Toledo, appeals to some do-it-yourselfers with products and a reputation for quality service and advice.
Dave Long, a retail expert with CB Richard Ellis, Reichle Klein in Maumee, said Toledo's retail scene is different from a decade ago, so he doesn't expect a fallout like the one of the 1990s. Still, Pete Rauh, an owner of Wayne's Lumber, a Toledo firm in business more than 50 years serving mostly contractors, said he can't imagine that all the national chains will survive if they keep trying to undercut each other. Such a shakeout occurred in the last decade, although not necessarily because of cutthroat local competition. Builders Square and Handy Andy had financial problems corporately and left the market in the mid to late 1990s.
Menards is a tough competitor, but The Andersons should weather the competition with its products and the level of staff knowledge and help, said Dan Anderson, president of retail business for the local firm. Asked if the Toledo market can handle so many home stores, he said, "The marketplace decides who the best competitors are. A Menards spokesperson tells WGEM that they have more than one hundred positions to be filled. He said his analysis found that a market is considered adequately served if it has one store for every 25,000 to 26,000 households.
Gibbons said the main difference between today's market and that of the 1990s was that Builders Square and Handy Andy Home Improvement Centers were smaller regional companies that were not as well run or financed as the larger chains.

2 chain with 952 stores in 45 states, offers more home decor items and appliances that would appeal to women. TheToledo market did not see a new home-improvement store until 1999, when Home Depot opened its first store, in West Toledo. Weiner Company announces its latest commercial retail development, Adrian Plaza (Adrian Acquisitions, LLC). Gibbons, the retail expert from Chicago, said Menards is known for offering quirky specials, like a free stepladder if a customer spends at least $22.22. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. For more information on this site, please read our Privacy Policy,, Terms of Service, and Ad Choices.

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