Menards

Menards Inc.
Private company
Industry Retail (Home Improvement)
Founded 1960 (1960)
Founder John Menard Jr.
Headquarters Eau Claire, Wisconsin, U.S.
Number of locations
305
Key people
John Menard Jr. (President)
Scott Collette (Chief Operating Officer)
Charlie Menard (General Manager Distribution, Manufacturing, and Logistics)
Gaylen Heckman(Operations Manager)
Russ Radtke (Chief Merchant)
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

Menards Inc. is a chain of home improvement centers primarily in the Midwestern United States.

The privately held company, headquartered in Eau Claire, Wisconsin, has approximately 300 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, Menard 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

Exterior of the Menards store in Ankeny, Iowa. An example of the older exterior.

In 2007, the 240,000 sq ft (22,000 m2) and larger Menards stores began selling groceries.[6]

Advertising

Menards utilizes weekly print ads, while also utilizing TV and radio ads.[7]Radio and TV ads are sometimes accompanied with banjo music played by Gary Shaw of Wisconsin.[8] 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.[9]

Auto racing

Menards has supported several racing drivers, including Paul Menard, John Menard's son;[10] Robby Gordon; P. J. Jones;[11] Brandon Jones;[12] and Matt Crafton.[13] and partially Simon Pagenaud.[14] Menards has also become the title sponsor of races in the Xfinity Series[15] and ARCA Racing Series.[16]

Industry ranking

Menards store in West Lafayette, Indiana

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".[17]

Controversies

Menards has been involved in a number of incidents concerning environmental regulations with the United States Environmental Protection Agency and several state department equivalents, including:

References

  1. 1 2 3 "Menard on the Forbes America's Largest Private Companies List". Forbes. Retrieved 13 January 2017.
  2. "Bloomberg Billionaires Index - John Menard Jr". Bloomberg.com. Retrieved 2017-03-14.
  3. "About Us at Menards". Retrieved May 25, 2014.
  4. 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.
  5. "Menards is building centers in Iowa, Ohio instead of Eau Claire". La Crosse Tribune.
  6. Doris Hajewski (April 13, 2007). "Got milk at Menards?". Journal Sentinel. Retrieved 2012-01-07.
  7. "THE MARKETING 100: MENARDS: JOHN MENARD". Retrieved 2017-03-14.
  8. "Ditties for the decades". Milwaukee Wisconsin Journal Sentinel. Retrieved 21 April 2014.
  9. "Seasoned Menards guy is hard to wear out". JS Online. Journal Sentinel Inc. 7 July 2002. Archived from the original on 4 September 2002. Retrieved 29 January 2017.
  10. "Paul Menard - Richard Childress Racing". Richard Childress Racing. Retrieved March 14, 2017.
  11. "Sponsor Search Page". Racing Reference. Retrieved March 14, 2017.
  12. "Menards to Continue Partnership with RCR XFINITY Programs - Richard Childress Racing". Richard Childress Racing. January 22, 2016. Retrieved March 14, 2017.
  13. "Crafton, Menards extend ThorSport partnership". Retrieved March 14, 2017.
  14. "Menards doubles sponsorship deal with Penske, Pagenaud for 2017". IndyCar.com. Retrieved March 14, 2017.
  15. "XFINITY Series race results for Menards 250 at Michigan". FOX Sports. June 11, 2016. Retrieved March 14, 2017.
  16. "NASCAR's Matt Crafton Enters May 15 Menards 200". ARCA Racing. Retrieved March 14, 2017.
  17. schickg@nrf.com (2016-06-30). "STORES Top Retailers 2016". National Retail Federation. Retrieved 2017-03-14.
  18. 1 2 3 4 5 6 7 "Big Money - Features". Milwaukee Magazine. April 30, 2007. Retrieved May 2, 2012.
  19. "Menards Faces EPA Administrative Order For Damaging South Dakota Stream". EPA. 2006-03-08. Retrieved May 2, 2012.
  20. "Menard ordered to pay $30,000 to settle illegal dumping charge". 2011-01-18. Retrieved April 19, 2016.
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