IBT Enterprises Hammers Out Vendor Agreement With Menards

IBT to serve as exclusive provider for home improvement retailer's in-store partners

Jun 29, 2010, 09:00 ET from IBT Enterprises, LLC

ATLANTA, June 29 /PRNewswire/ -- IBT Enterprises, the premier provider of design, build and consulting services for the financial services and specialty retail industries, has signed an agreement with home improvement retailer Menards to serve as the preferred provider of in-store financial and retail partners.

Under the terms of the agreement, IBT will identify strategic partners to co-locate within Menards stores and provide the design and construction of the in-store facilities. The in-store locations provide customers with added convenience allowing a one-stop location for their needs.

"Many of Menards' customers are business owners, whether contractors, tradesmen or other home improvement service providers," said Adam Ray, sales and leasing representative for Menards. "Placing a financial institution in the front of our stores means these entrepreneurs can make one less stop during their work day. Doing so improves their productivity, allows them to generate more revenue and better serve their customers. The combination is a natural fit."

In addition to design and construction services, IBT will also provide training for the in-store partners. These sessions will teach vendors about Menards' culture and train employees for the different interactions that occur in an in-store facility. It will also ensure employees know how to provide all of the services that company offers.

"Staffing a stand-alone banking branch or retail establishment is very different from an in-store facility," said Carmen Cox, vice president and retail account manager for IBT. "For example, when you visit a traditional financial institution, most of the employees are behind a desk or teller window and may focus on one service. In the in-store model, employees are more apt to interact with customers as they come and go, and in some cases roam the aisles to assist customers with their shopping."

Today Menards operates 255 home improvement stores throughout the Midwest. The company is well-known for its high-quality, name brand merchandise and the materials, tools, and supplies for its customers' home improvement projects.

For more information about IBT and its design, build and construction services, visit www.ibtenterprises.com.

About Menards

Menards is well-known throughout the Midwest for their complete selection of high-quality, name-brand merchandise and the materials, tools and supplies for all your home improvement projects. Plus, most Menards stores also carry name brand appliances, pet products, lawn and garden supplies, and convenience groceries as your one-stop shopping experience. There is something for everyone from the beginning do-it-yourselfer to the most experienced contractor at Menards.

A family-owned company started in 1960, Menards has always been dedicated to service and quality and currently operates 255 home improvement stores located in Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wisconsin and Wyoming. Menards is known throughout the home improvement industry as the low price leader. Menards does things right – the company's strength and success can be seen in the well-stocked and maintained stores, the lowest prices in town and the way guests are always treated like family in a hometown hardware store atmosphere. For more information about Menards, visit www.menards.com.

About IBT Enterprises, LLC

IBT Enterprises is a leading source of forward-thinking design for the financial services and specialty retail industries. During its 25-year history, the company has consulted to more than 190 retail and 550 financial services clients on the development of thousands of workspaces. IBT Enterprises offers a comprehensive range of integrated services, including retail distribution strategy, market research, space planning, design and construction, performance training, and coaching. IBT Enterprises is a certified Woman Owned Business Enterprise and a member of the U.S. Green Building Council. For more information about IBT Enterprises visit www.ibtenterprises.com.

SOURCE IBT Enterprises, LLC