August 14, 2008 - Modern Distribution Management

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August 14, 2008

RONA Same-Store Sales Down 4.4% in 2Q

RONA Inc., Boucherville, Quebec, reported sales of $1.47 billion for the second quarter, a slight increase from the same quarter 2007. Profit was $80.1 million, a 7% decrease from the prior year. Same-store sales for the period were down 4.4%.
 
For the first half of 2008, sales were $2.38 billion, a 1.6% increase over the first half of 2007. Profit dropped 14.8% to $81.1 million. The decline is attributable in part to downward pressure of sales in the construction and renovation industry due to lower consumer confidence levels.
 
Results for the second quarter of 2008 clearly show that the efficiency improvement measures we introduced at the beginning of the year are producing gains and have helped mitigate the downward pressure on sales stemming from the current ...

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TriMark USA Agrees to Buy Economy Restaurant Fixtures

TriMark USA, Inc., South Attleboro, MA, a distributor of foodservice equipment and supplies, has agreed to acquire San Francisco, CA-based Economy Restaurant Fixtures, Inc., including its BigTray Division.
 
Jerry Hyman, CEO of TriMark USA said: "This acquisition … puts us into two additional market segments -cash-and-carry and Internet sales, both of which we intend on expanding. It also gives the TriMark family much needed West Coast distribution capabilities."
 
Economy employs 150 individuals between its San Francisco location and a superstore in Sacramento, CA.
 
TriMark USA is a full-service equipment and supplies distributor with over 900 employees servicing all ...

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Wine Distributors Create Joint Venture

Miami, FL-based Southern Wine &Spirits of America, Inc. and Glazer's Distributors, Addison, TX, have created a joint venture to provide distribution of wine and spirits in serve 38 states. The venture will operate under the name Southern/Glazer's Distributors of America.
 
The 38 states served by the new venture account for more than 80% of the wine and spirit sales in the U.S.
 
Wayne E. Chaplin, president of Southern Wine &Spirits of America, Inc. and will serve as CEO of the new joint venture, said: The combination of the resources of our two great companies will bring greater scale and synergies to the marketplaces we serve and, therefore, allow us to be better partners to both our suppliers and our retailer customers. Given the highly competitive landscape at ...

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