Ace Hardware Outperformance Encouraging for Building Trades
Record revenues for its fourth quarter and full year provide positive signs for the business going forward. The big national hardware cooperative reported consolidated revenues rose 9.9 percent to $2.5 billion for the three months ending Jan. 3. Total wholesale revenues were $2.3 billion, an increase of 10.0 percent compared to the prior year fourth […]
Need Something Fast from Ace? Click on DoorDash
The latest in on-demand delivery has come to the home improvement field with a new Ace Hardware/DoorDash tie-in. Homeowners and builders can now get fast delivery of home improvement essentials – as fast as one hour – from more than 4,000 Ace stores that are part of a just-announced partnership. Ace says it is the first retailer […]
Ace Hardware Will Open 175 Stores This Year
The big hardware chain has already opened 100 new locations this year, part of its nationwide expansion effort. The chain is now up to almost 5,200 retail stores around the country with these latest openings, and more are on the way. With more than 8,700 locally owned and operated stores globally, Ace Hardware says it […]
Lowe’s and Home Depot Lead Texas Flood Relief
Adding to efforts by local businesses and organizations, the two big national chains are making big donations to help. The recent deadly floods in the Hill Country of central Texas have devastated the local area with the loss of life and property. As local groups start to roll out donations and programs to help the […]
Ace Aces First Quarter but Warns of Potential Tariff Issues
The big specialty store operation reported a 4.2 percent gain for the period, even as net income declined. As an indicator of the strength of the DIY home improvement and remodeling sector, Ace’s results are encouraging in a retail environment that still remains challenging for the overall building business. First quarter revenues were $2.2 billion, […]
Ace Hardware CEO Named Retail Radical by The Robin Report
In its annual awards for innovation in the retail field, John Venhuizen was one of handful of executive honorees. “What is more radical than leading a 100-year-old brand into the future by reinventing the legacy hardware store model?” asks The Robin Report, the newsletter for executives in the retail field. It just awarded its Retail […]
Ace Hardware Hits 5,000 Locations; 200 More on the Way This Year
The big retailer is celebrating its 100th anniversary this year with an aggressive expansion plan. With the recent opening of its 100th location in Henderson, NV, Ace is on pace to hit its goal of 200 new stores during calendar 2024. The dealer-owned retail cooperative saw 203 new stores last year and with this year’s […]