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The first Menards hardware store opened in 1964. By opening a truss plant in the late 1960s, Menards grew to produce more substantial building materials on-site. The truss plant evolved into the Menard Building Division, which produced steel siding and roofing, interior and exterior doors, decking and treated lumber, and other materials.
Menards store in Lafayette, Indiana. Menard opened his first hardware store in 1964. [11] As of 2021, his company owned 335 Menards stores and 12 distribution centers. As of 2005, Menards grossed an estimated $5.5 billion in sales. Menard had a net worth of $8.6 billion in 2013, according to the Forbes 400, and is the richest person in ...
Pages in category "Hardware stores of the United States" ... Meeker's Hardware; Menards; Mendo Mill; N. N. P. Smith Pioneer Hardware Store; Newtown Hardware House; O.
It could not match the capacity of Tuttle, which was a larger two-level mall with four anchor stores (including all three of Northland's anchors, plus a Marshall Field's). The opening of Tuttle was far more devastating to Westland Mall, as JCPenney moved from Westland to Tuttle, but nonetheless attracted shoppers from the nearby suburbs of ...
Despite competition from large chain stores (commonly referred to as big-box or destination hardware stores, e.g., The Home Depot, Lowe's and Menards) new hardware stores in the US continue to open. [7] There are four major nationwide wholesale suppliers to hardware stores. All four report more than US$1 billion in annual sales.
But Menards announced later in the year that its expansion plans were being put on hold because of a general economic downturn at that time. [ 5 ] In 2012, a new Hollywood Casino was constructed and opened near the site of Westland Mall, spurring new growth in the surrounding area that had become economically depressed.