Founded in 1945, Do it Best Corp. (formerly Hardware Wholesalers Inc. or HWI) is the only US–based, member-owned comprehensive and fully integrated hardware, lumber and building materials buying cooperative in the home improvement industry. Serving more than 3,800 member-owned locations throughout the United States and in 54 other countries, Do it Best Corp. is comprised of independent hardware, home center, lumberyard, commercial/industrial and web-based businesses. With annual sales of $2.996 billion, Do it Best Corp. is the second largest co-op in the industry.
Through Do it Best Corp., members can buy direct from more than 3,000 vendors and still take advantage of their strong group buying power. Members also gain ordering flexibility, which allows them to order the quantities they actually need. They can then pass on these savings to their customers in the form of competitively-priced products.
Another advantage of Do it Best Corp. membership is the co-op’s extremely efficient operation. The company boasts the lowest operation costs in the hardware co-op industry – just 1.94% for the 2015 fiscal year. Do it Best Corp. achieved these marks with no long-term debt.
High efficiency is important to a buying co-op like Do it Best Corp. because profits are returned to the members in the form of year-end rebates. Total 2015 rebate distributed to members was $116.4 million.