Platinum Anniversary for Home Hardware Founder Walter Hachborn



    Marks 70 Years of Shaping the Canadian Home Improvement Retailing
    Industry

    ST. JACOBS, ON, June 16 /CNW/ - In June 1938, Walter Hachborn took a job
as a stock-boy at a local hardware store and launched what would become a
remarkable seventy-year career. Over the past seven decades the President and
Co-Founder of Home Hardware Stores Limited turned an $8.00 a week job into the
nation's largest network of independent hardware Dealers and a $4.8 billion
Canadian icon.
    "The vision of individual Canadians growing profitable, sustainable and
long-term businesses was the foundation on which Home Hardware was founded
more than 40 years ago," said Walter Hachborn, President and Founder Home
Hardware Stores Limited. "A lot has changed since 1938, but with independents
still controlling about seventy percent of the Canadian home improvement
market, Home Hardware is as committed as ever to helping entrepreneurial
Canadians thrive in this industry."
    Walter Hachborn was born in Conestogo, Ontario in July 1921 and was
married in 1947 to Jean Brown. After service in the Canadian Army during the
Second World War he returned to his previous job at Hollinger Hardware. In
1950 he purchased the business and embarked on his journey to ensure the
survival of independent retail hardware and building material dealers in
Canada. After careful and extensive industry research, Hachborn committed
himself to what he saw as the most effective method to accomplish his vision -
a network of Dealer-owned companies with centralized distribution that could
command large buying power. Home Hardware Stores Limited was founded on
January 1, 1964 and grew from first year sales of $4,103,140, to a network of
more than 1,000 stores and annual retail sales of $4.8 billion in 2007.
    "On behalf of the more than 1,000 Home Hardware Dealer-Owners across
Canada who profitably run and operate their own businesses every day, I want
to thank Walter for his role in the success of Home Hardware Stores Limited,
his commitment to the independent retailer and his dedicated service to the
hardware industry," said Paul Straus, Vice-President and CEO of Home Hardware
Stores Limited. "This platinum anniversary is a testament to the strength and
endurance of Walter's original vision and business model. Walter's career
serves as evidence of the limitless opportunities that independent retailing
provides innovative and entrepreneurial spirited Canadians."
    Throughout his seventy-year career, Hachborn's commitment to both
industry and community have seen him bestowed with several honours, including:
named Citizen of the Year, Woolwich Township (1976); received an Honorary
Degree of Doctor of Laws from Wilfred Laurier University (1985); named
Distinguished Retailer of the Year by the Retail Council of Canada (1988);
inducted into the Canadian Hardware/Housewares Hall of Fame (1989); named
Master Entrepreneur of the Year by Ernst & Young (1996); appointed a Member of
the Order of Canada by Adrienne Clarkson, Governor General (1999); named
Retailer of the Century by Hardware Merchandising (1999); awarded the Queen's
Golden Jubilee Medal (2003); and, awarded the Retail Council of Canada's
Lifetime Achievement Award (2007).
    "Walter Hachborn is a true Canadian business icon," said Diane J.
Brisebois, President and CEO, Retail Council of Canada. "He has instilled a
spirit of humanity and charity in the Home Hardware culture that can be felt
in cities and towns all across this country."
    Celebrations for Hachborn's milestone will take place across the country
with staff barbeques at each of Home Hardware's Distribution Centres and will
continue at the 2008 Fall Market where the more than 10,000 Home Hardware
Dealers and Vendors who visit the market will have a chance to join in the
celebration.

    About Home Hardware Stores Limited

    Home Hardware Stores Limited is Canada's largest independent hardware,
lumber and building materials and furniture retailer with more than 1,000
stores across Canada, under the Home Hardware, Home Building Centre, Home
Hardware Building Centre and Home Furniture banners. Dealers have access to
100,000 quality brand name and private label products and the company has
annual retail sales of $4.8 billion. The cooperative was founded on January 1,
1964 by 128 independent hardware Dealers.

    /NOTE TO PHOTO EDITORS: Photos accompanying this release are available on
    the CNW Photo Network and archived at http://photos.newswire.ca.
    Additional archived images are also available on the CNW Photo Archive
    website at http://photos.newswire.ca. Images are free to accredited
    members of the media/




For further information:

For further information: Rob Wallace, Home Hardware Stores Limited,
(519) 664-4710, rob.wallace@homehardware.ca

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Home Hardware Stores Limited

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