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.
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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. 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 and incorporated in 1962.
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.
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Store structure
In 2007, the 240,000 sq ft (22,000 m2) and larger Menards stores began selling groceries. 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. 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. Radio and TV ads are sometimes accompanied with banjo music played by Gary Shaw of Wisconsin. 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. 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.
Auto racing
Menards has supported several racing drivers, including Paul Menard, John Menard's son; Robby Gordon; P. J. Jones; Brandon Jones; Matt Crafton; Simon Pagenaud, and Ryan Blaney. Menards has begun sponsoring Team Penske as of 2016. Menards has also become the title sponsor of races in the Xfinity Series and ARCA Racing Series.
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. In that same year, Menard was ranked 45th on the National Retail Federation's list of "100 Top Retailers".
In 2018, Menards was ranked by J.D. Power as "highest in customer satisfaction among home improvement retail stores".
References
Source of article : Wikipedia
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