Eight home improvement retailers were recently named “Young Retailer of the Year” for 2014 by the North American Retail Hardware Association (NRHA).
The national recognition program, now in its 18th year, identifies and promotes the next generation of aspiring independent home improvement retailers and recognizes individual achievement in the industry by retailers 35 years of age and younger throughout the United States and Canada. Selected from different retail categories, winners are chosen based on criteria such as career accomplishments, community involvement, hardware industry education and extracurricular activities.
The honorees represent three categories including stores with annual sales under $2 million, stores with annual sales over $2 million and retailers operating multiple locations. The 2014 Young Retailer of the Year honorees are:
Under $2 Million in Annual Sales
James Coté – Owner/Manager of Osterville House & Garden, Osterville, Mass.
When he was just 24 years old, Coté purchased a struggling hardware store that was about to go out of business. Over the next three years, he used his leadership and vision to rebuild the store’s credibility with the community, expand the store’s inventory and increase sales 76 percent. Coté has also been involved in local politics, holding a seat on the town council and working on legislation to improve his community. “I think it’s important to give back to the community that gives so much to me,” he says. “I want to make sure people know that we are a lot more than just a brick-and-mortar store; we are a part of the community.”
Blake Burgess – Partial Owner/General Manager of York Ace Hardware, York, Neb.
After purchasing a local hardware store in 2010, Burgess spearheaded an update of nearly every aspect of the store, from its inventory to its operations to its design. The result was sales increases and a 22 percent margin dollar increase. Burgess has continued to build the business by introducing a commercial supply program, doubling the number of employees and introducing several niche categories. He believes his success helps him give back to the community. “The more successful my business is, the more I can give back to a community that has supported us,” he says.
Lee Rector – Thomas Home Center True Value, McKinleyville, Calif.
While he grew up working in the family hardware store, Rector started working full-time in the business establishing a marketing department at the same time he was going full time to college. After graduation, he became the retail manager and oversaw a full remodel of the store, which began increasing sales after several years of decline. He has also taken on managing the store’s outreach and fundraising, which includes community groups, youth sports, Habitat for Humanity and Relay for Life.
Over $2 Million in Annual Sales
Zach Coblentz – Outdoor Power Equipment Division Manager for Hartville Hardware, Hartville, Ohio
Every year since Coblentz took leadership of the power equipment department at Hartville Hardware, sales in that area have increased by double digits. His leadership skills are evident in his aggressive approach to bringing in new product lines, his refined sense of merchandising large equipment and his ability to bring together a strong team committed to customer service. “The sign of a true leader is having someone follow him, and Zach has built a team that respects him and is willing to work hard for him,” says Howard Miller, president of Hartville Hardware. “Under Zach’s leadership, sales in power equipment have nearly doubled in the last five years.”
Trevor Kowalchuk – Dealer/Owner of Brandon Home Hardware Building Centre, Brandon, Manitoba, Canada
When Kowalchuk decided to merge his business with a local building center, he faced a difficult, but ultimately rewarding task. Integrating the two stores meant keeping a store that was shoppable in the midst of extensive renovations to the building. Because of his efforts, the sales have increased by double digits in categories across the store, including a 63 percent increase in plumbing sales and a 54 percent increase in flooring sales over two years.
Dana Sneade Banyasz – Director of Operations, Sneade’s Ace Home Center, Owings, Md.
One of the high points of Banyasz’s career may be the way she has drawn in more female shoppers through a highly profitable Yankee Candle category and a Christmas department. She also has been instrumental in overseeing a store expansion and expanding the company’s offering of live plants and vegetables. She also takes the lead in coordinating the store’s involvement in a wide range of community events and fundraisers.
Adra Kennard – President of Kennard Ace Hardware, Newberry, Fla.
Not long after she took over the store when her father retired, Kennard doubled the total square footage of the family business and tripled the sales volume. She has so far directed the opening of three stores and used her keen sense of what the customer wants to help her shape her product mix. “Neither my father nor I have ever been afraid to try new things in business, whether it is product, technology or adding a niche,” she says.
Brian Morgan – Manager of The T.H. Rogers Lumber Co., Siloam Springs, Ark.
Within a few years after taking a job at T.H. Rogers, Morgan was promoted to manager of T.H. Rogers’s Siloam Springs store. Quickly recognizing opportunities in the marketplace, Morgan set upon expanding the store’s offerings. When a nearby door shop closed, he purchased the business and added it to the list of services his store offers. He also ventured into commercial concrete accessories, such as rebar, bridge decking and road construction materials. After investing in an experienced salesman and merchandise, in a few months his investment had paid for itself and started turning a profit.
“This program continues to gain prestige in the retailing industry. Manufacturers, retailers and wholesalers all anticipate the selection and celebration of the extraordinary accomplishments of the honorees,” NRHA President and CEO Bill Lee says. “To be selected as a Young Retailer of the Year is a high honor. These honorees exemplify the true spirit of this award with their business acumen and spirit of giving back to their communities.”
Sponsors of the 2014 Young Retailer of the Year program include Apex Tool Group, Fluidmaster, Intertape Polymer Group and the American Hardware Manufacturers Association.
- Apex Tool Group, located in Apex, N.C., is a worldwide manufacturer of a wide variety of power tools, hand tools and accessories used in automotive, construction, consumer, electronics, general industrial and other applications.
- The Fluidmaster Company is headquartered in San Juan Capistrano, Calif. It manufacturers and markets its popular line of valves and accessories to both plumbers and DIYers.
- The American Hardware Manufacturers Association (AHMA) serves the needs of the manufacturing segment of the hardware/home improvement industry from its headquarters in Schaumburg, Ill.
- Intertape Polymer Group (IPG), headquartered in Montreal, Quebec, and Bradenton, Fla., is a global supplier of a broad range of packaging products and tape products for both retail and industrial customers.
The Young Retailer of the Year awards banquet will be held May 5 at the Renaissance Las Vegas Hotel prior to the opening of the National Hardware Show®. For more information on the awards program, winners and show, please visit: http://www.nrha.org.