Menards and The story of its overtime success

What is Menards and who owns it?

Menards is the third largest and biggest chain of home improvement company behind the name of Lowe’s and Home Depot. This home decor and improvement company was founded by John Robert Menard Jr. through his private company named Menard.Inc. John was born on January 22 in 1940. John is a renowned American billionaire businessman, investor, philanthropist, successful entrepreneur who own Menards and the mind behind its success. John is ranked 110^th in the list of world’s richest man.

The company not just only sells home décor and improvement products but also sell lumber. Menard also deal with the development of residential real estate. It has also the large number of its warehouses and manufacturers with over 300 stores in 14 different countries throughout the Midwest. Menard has the largest number of employees surpassing the number of 45000 present employees.

What aspired John to begin Menards?

Earlier in 1958 John noticed that the farming industry was being revolutionized by new and advanced merchandising and new dairy farming systems which also demanded for low cost agricultural buildings to house the stock and machinery. This need of revolutionizing gave John an idea and aspired to develop his own pole building business.

Gathering more knowledge about pole building John started to work on his first pole building. The following year, numerous buildings had been erected in Eau Claire, in the area of Wisconsin. The name of John Menard started to gain reputation in the market and this early success made him purchase his first major piece of equipment which was a 1946 Chevrolet truck. Initially John had two major equipments which were an old Ford tractor and a Chevrolet truck. The demand for John’s pole building started to increase so it became compulsory for him to purchase more equipment and take on additional crews. 

Breakthrough for Menards and Its President John Menard

After completing his education from University of Wisconsin, John holds a degree of Bachelors in Arts he devoted all of his time to his pole building business. Later one Menard was first found as the Menard Cashway Lumber in 1960 by John Menard as its major stockholder and president. The owner purchased a land where a small office and shop were manufactured on the Eau Claire site.

The company started to sell purchasing lumbers and building materials to the public on a cash-and-carry basis. Later on the company added the functions of warehouses and manufacturing by adding plants, steel siding and roofing, beautiful interior and exterior doors, state-of-the-art composite decking, eco-friendly treated lumber, stone and block, engineered roof and floor trusses, fasteners and countertops. After two years, in 1962 the company was incorporated and renamed as Menards to this day.

Statistics and net revenue of Menards and its owner John Menard

According to the statistic the owner of Menards easily make it to the net income of US$15.6 billion while his own retailer company Menard brings him the fortune amount of $10.7 billion.

Menards Rebate

Menards rebates are provided in the form of a Merchandise Credit Check to the customers who are valid towards purchases at any retail store of Menards. While Merchandise credit check, which mean Menards rebates are not valid towards purchases made that are made online through their official website, MENARDS.COM

Do you know how much the world largest retailer company, Menards pay?

The starting pay for any employee at the retail store of Menard ranges from $10.44 to $17.78 per hour. The manager of the Menard’s retail store makes the most with an average hourly rate of $14.63, while the other employees with the title Stocker make the least with an average hourly rate of $10.41 which mostly ranges from $9.90 to $18.04 and the cashiers at their retail store make an average amount of $11.35 per hour.

What time does Menards opens and closes?

According to the details of the retail store of Menards, here is a detailed schedule.

Latest Happenings in Menards

These days Menards his having its Black Friday deals going on their official website and at all of their 300 retails stores nationwide. So save big money at Menards. Avail this sale, as this Black Friday sale features tons of great savings on a wide variety of items from every department of the store.

Besides Black Friday sale, Menards also has its Cyber Monday Sale which goes all year. This sale is considered as one of the best times to shop. Buyer can easily shop from the comfort of home to pick up amazing bargains and take advantage of special purchases at low prices.

With all these amazing sales going on to save your money, Menards is also planning out to open their another retail store at the Wyandotte County which is recently approved by the mayor David Alvey, of  Unified Government of Wyandotte County/Kansas City, Kan.

The mayor David Alvey expressed his joy,

“Attracting the major national retailer to this location is a tremendous accomplishment,” He further added. “When coupled with the Reardon Redevelopment Project lead by Willie Lanier, the opening of the new Merc Co+op on Minnesota (Avenue) and numerous other projects, our community is clearly on the right path toward sustained growth, attracting the daily amenity and shopping opportunities our neighborhoods want and the revenue growth necessary to maintain the services our residents deserve.”

Announcement of new policies at Menards

Menard has made some changes in their policies related to the COVID-19 crisis, which includes:

• Children are welcome. Masks or face coverings are required on children unless in arms or seated in shopping carts.
• Menard’s regular shopping hours have been modified at all of their retailing stores.
• No pets are allowed; however, service dogs are welcome.
• Menards have placed reminders throughout the store to encourage people to remain six feet apart from each other. In addition, they have also placed dividers and floor markings in the areas of heaviest traffic to implement safe distancing.
• For those who feel uncomfortable shopping in stores or wearing a mask or face covering they would be given an advantage of their curbside pick-up service.