history In recent years, Globe has received notable recognition
for its innovative products, merchandising solutions and constant growth.
Wal-Mart Canada presented Globe with their Vendor Partner of the Year
award; Rona Hardware granted Globe their Rona Prestigious Partner Award;
Canadian Tire presented their Service Level Award of Excellence to Globe’s
Keystore operation in China; and Centre Magazine bestowed Globe with their
Best In Business award, as voted by Canadian retailers, in 2003. Since
its inception, Globe Electric has been profitable every year. |
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![]() Globe's founder Jack Weinstein |
![]() President & CEO 1962-1990 Sonny Weinstein |
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| Founded
on Montreal’s historic St. Lawrence Boulevard in 1932, Globe Electric
began as a wholesaler and distributor of electrical accessories to contractors,
commercial operations, and retailers. |
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![]() Globe's first advertisement - 1932 |
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| In 1986,
Globe made a dramatic transition from being a domestic distributor to
serving retailers directly with Globe-branded products. The Globe brand
was launched nationally and sales increased by more than 400% in the first
year. For the next several years, Globe continued to capture major retailing
accounts and compete directly against nationally recognized brand names. Keystore also has a location in Shenzhen, China. On March 1, 2005, Keystore invested in two manufacturing facilities, one in Shunde in Guangdong province, and the other in Qingpu Shanghai, for the manufacture of lighting products in China. Changes in the retail market also meant increased challenges. Globe responded with a wide range of initiatives that included: Expanding dramatically the Company’s range
of products (to become a “one-stop” solution for retailers); Globe maintains a growing presence in the U.S. market, which includes the Company’s presence at the prestigious National Hardware Show in Las Vegas. This is now a key annual event for the Company. Globe is focusing on U.S. retail channels such as food and drug stores, hardware and home improvement stores, and mass market and specialty market retail outlets. To be closer to these accounts and respond to their needs in a timely and efficient manner, Globe has created a new company called Globe Electric Company (USA) Inc. Globe's expansive showroom in Montreal has more than 2,000 Globe products on display. In addition to showcasing Globe's inventive packaging and signage, product is merchandised exactly as you would find it in-store: on warehouse and gondola racking, 4-way merchandisers, quarter, half and full pallets, power panels, and clip strips. Globe is currently proceeding with plans to build a new 30,000 sq. ft. office/showroom complex adjacent to its Montreal facility. Globe's strategy for consistent organic growth
is to seek out major North American retail accounts and deliver complete
retail solutions based on the Company's 20 product categories and compelling
merchandizing programs. Globe's goal is to be the industry' leading "one-stop"
source for all consumer retail lighting and electrical needs. |
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