Menards
| |
Private company | |
Industry | Retail (Home Improvement) |
Founded | 1960 |
Founder | John Menard Jr. |
Headquarters | Eau Claire, Wisconsin, U.S. |
Number of locations | 305 |
Key people | John Menard Jr. (President) |
Products | Building materials, tools, hardware, garden supplies, electrical supplies, ceiling fans, light fixtures, cabinets, home appliances, doors, windows, paint, wood stain, wallpaper, plumbing supplies, carpet, vinyl, linoleum, groceries, automotive |
Revenue | $8.7 billion (Dec 2015)[1] |
Number of employees | 45,000 |
Website | Menards.com |
Menard Inc. is a chain of home improvement centers, located primarily in the Midwestern United States.
The privately held company, headquartered in Eau Claire, Wisconsin, has 305 stores in 14 states: Ohio, Michigan, Indiana, Illinois, Wisconsin, Minnesota, Iowa, Missouri, Nebraska, Kansas, South Dakota, North Dakota, Wyoming, and Kentucky. It is the third largest home improvement chain in the United States, behind The Home Depot and Lowe's.[1]
Company history
In 1959, John Menard, Jr. began building post-frame buildings to finance his college education. By the end of 1959, he found it necessary to hire extra crews, and to purchase more equipment to keep up with demand.[2] After graduating from the University of Wisconsin–Eau Claire in 1962, Menard purchased land in Eau Claire and built an office and shop. The company was founded in 1960[3] and incorporated in 1962.[4]
In 2007, Menards opened their third and fourth distribution centers in Holiday City, Ohio, and Shelby, Iowa, which are 669,000 square feet (62,200 m2) and 735,000 square feet (68,300 m2), respectively.[5]
Store structure
In 2007, the 240,000 sq ft (22,000 m2) and larger Menards stores began selling groceries.[6] Shoppers are able to get items such as frozen pizza, milk, eggs, common snacks, and a variety of canned items. In addition, they carry items such as office supplies, pet supplies, and even mattresses.[7] This new offer has allowed customers to have a more rounded "stop-and-shop" experience while diverting some of the market share from major grocers around the country.
Advertising
Menards publishes weekly print ads and broadcasts TV and radio ads.[8] Radio and TV ads are sometimes accompanied with banjo music played by Gary Shaw of Wisconsin.[9] Ray Szmanda was the "Menards Guy" who used the slogan "Save big money at Menards" regularly on television advertisements from 1976 to 1998, and occasionally since 1999.[10] During the Christmas and holiday season, radio and television ads typically feature an alternate jingle "Warm season's greetings to you all from Menards!" sung by a chorus.[11]
Auto racing
Menards has supported several racing drivers, including Paul Menard, John Menard's son;[12] Robby Gordon; P. J. Jones;[13] Brandon Jones;[14] Matt Crafton;[15] Simon Pagenaud, and Ryan Blaney.[16] Menards has begun sponsoring Team Penske as of 2016.[17] Menards has also become the title sponsor of races in the Xfinity Series[18] and ARCA Racing Series.[19]
Industry ranking
In 2016, Menard, Inc., was ranked 37th on Forbes’ list of "America's Largest Private Companies", with an estimated revenue of USD$8.7 billion.[1] In that same year, Menard was ranked 45th on the National Retail Federation's list of "100 Top Retailers".[20]
In 2018, Menards was ranked by J.D. Power as "highest in customer satisfaction among home improvement retail stores".[21]
References
- 1 2 3 "Menard on the Forbes America's Largest Private Companies List". Forbes. Retrieved 13 January 2017.
- ↑ "Bloomberg Billionaires Index - John Menard Jr". Bloomberg.com. Retrieved 2017-03-14.
- ↑ "About Us at Menards". Retrieved May 25, 2014.
- ↑ Carlyle, Erin (Dec 16, 2013). "Meet The Best Hardware Store In the Nation, And The Midwestern Billionaire Who Built It: John Menard Jr". Forbes. Retrieved May 25, 2014.
- ↑ "Menards is building centers in Iowa, Ohio instead of Eau Claire". La Crosse Tribune.
- ↑ Doris Hajewski (April 13, 2007). "Got milk at Menards?". Journal Sentinel. Retrieved 2012-01-07.
- ↑ "Menards for nails, tools, groceries?". Crain's Chicago Business. Retrieved 2018-07-02.
- ↑ "THE MARKETING 100: MENARDS: JOHN MENARD". Retrieved 2017-03-14.
- ↑ "Ditties for the decades". Milwaukee Journal Sentinel. Retrieved April 21, 2014.
- ↑ "Seasoned Menards guy is hard to wear out". Milwaukee Journal Sentinel. July 7, 2002. Archived from the original on September 4, 2002. Retrieved January 29, 2017.
- ↑ Kangas, Chaz (December 17, 2014). "The "Save Big Money at Menards" Jingle: A History". City Pages. Retrieved December 13, 2017.
- ↑ "Paul Menard - Richard Childress Racing". Richard Childress Racing. Retrieved March 14, 2017.
- ↑ "Sponsor Search Page". Racing Reference. Retrieved March 14, 2017.
- ↑ "Menards to Continue Partnership with RCR XFINITY Programs - Richard Childress Racing". Richard Childress Racing. January 22, 2016. Retrieved March 14, 2017.
- ↑ "Crafton, Menards extend ThorSport partnership". Retrieved March 14, 2017.
- ↑ "Menards doubles sponsorship deal with Penske, Pagenaud for 2017". IndyCar.com. Retrieved March 14, 2017.
- ↑ DiZinno, Tony. "Menards to continue IndyCar sponsorship with Team Penske". NBC Sports. Retrieved 1 September 2017.
- ↑ "XFINITY Series race results for Menards 250 at Michigan". FOX Sports. June 11, 2016. Retrieved March 14, 2017.
- ↑ "NASCAR's Matt Crafton Enters May 15 Menards 200". ARCA Racing. Retrieved March 14, 2017.
- ↑ schickg@nrf.com (2016-06-30). "STORES Top Retailers 2016". National Retail Federation. Retrieved 2017-03-14.
- ↑ "2018 Home Improvement Retailer Satisfaction Survey". J.D. Power. 2018-06-13. Retrieved 2018-08-27.
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