Do It Best
Encyclopedia
Do It Best Corp. is a hardware store
retailers' cooperative
. It was founded as Hardware Wholesalers, Inc (HWI) in 1945 in Fort Wayne, Indiana
by Arnold H. Gerberding along with 75 dealers who would become members and invest $1,000 in exchange for shares of stock in the company. Donald Wolf was CEO during a period of rapid growth. The headquarters of Do It Best Corp. are located in Fort Wayne, Indiana
.
HWI took its present name in 1998. Today, Do it Best Corp. has over 4,100 members in every state of the USA and in 47 countries, with sales of more than $3 billion (US).
Hardware store
Hardware stores, sometimes known as DIY stores, sell household hardware including: fasteners, hand tools, power tools, keys, locks, hinges, chains, plumbing supplies, electrical supplies, cleaning products, housewares, tools, utensils, paint, and lawn and garden products directly to consumers for...
retailers' cooperative
Retailers' cooperative
A retailers' cooperative is a type of cooperative which employs economies of scale on behalf of its retailer members. Retailers' cooperatives use their purchasing power to acquire discounts from manufacturers and often share marketing expenses. It is common for locally owned grocery stores,...
. It was founded as Hardware Wholesalers, Inc (HWI) in 1945 in Fort Wayne, Indiana
Fort Wayne, Indiana
Fort Wayne is a city in the US state of Indiana and the county seat of Allen County. The population was 253,691 at the 2010 Census making it the 74th largest city in the United States and the second largest in Indiana...
by Arnold H. Gerberding along with 75 dealers who would become members and invest $1,000 in exchange for shares of stock in the company. Donald Wolf was CEO during a period of rapid growth. The headquarters of Do It Best Corp. are located in Fort Wayne, Indiana
Fort Wayne, Indiana
Fort Wayne is a city in the US state of Indiana and the county seat of Allen County. The population was 253,691 at the 2010 Census making it the 74th largest city in the United States and the second largest in Indiana...
.
HWI took its present name in 1998. Today, Do it Best Corp. has over 4,100 members in every state of the USA and in 47 countries, with sales of more than $3 billion (US).