 | |
| Company type | Privately held company retailers' cooperative |
|---|---|
| Industry | Hardware stores |
| Founded | Chicago, Illinois, U.S. (October 25, 1924) |
| Founders |
|
| Headquarters | , US |
Number of locations | Over 5,700 (2022)[1] |
Area served | International[2] |
Key people | John Venhuizen (President and CEO); Steven Burggraf (chairman of the board) |
| Revenue |  US$9.17 Billion (2022) |
| US$341 million (2022) | |
| US$340.6 million (2022) | |
| Total assets | US$3.491 billion (2022) |
| Total equity | US$891.8 million (2022) |
Number of employees | 12,500 (2022)[2][3] |
| Website |
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Ace Hardware Corporation is an American hardware retailers' cooperative based in Oak Brook, Illinois, United States. It is the largest non-grocery retail cooperative in the United States.[4]
Founded on October 25, 1924, as "Ace Stores", the company changed its name to "Ace Hardware Corporation" in 1931. It grew dramatically following World War II, more than tripling its sales between the late 1940s and 1959. After the retirement of longtime president and founder Richard Hesse in 1973, Ace was sold to its retailers, becoming a retailer-owned cooperative. It first reached $1 billion in wholesale sales in 1985 and $5 billion in 2015. As of 2019[update], it has over 5,200 locations in 60 countries.[1] Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and the United Arab Emirates.[5][6]
- ^ a b About Us Ace Hardware.
- ^ a b "Ace Hardware Customer Service". ACE Hardware. Retrieved December 3, 2015.
- ^ Ace Hardware Craft.
- ^ O'Connor, Claire (March 2, 2015). "How Ace Hardware Turned Corner Stores Into A $4.7 Billion Co-Op". Forbes. Retrieved August 10, 2016.
- ^ Cite error: The named reference
Acewas invoked but never defined (see the help page). - ^ "Ace Hardware International Implements Blue Ridge Supply Chain Planning" (Press release). Ace Hardware. August 11, 2016. Retrieved August 12, 2016 – via Business Wire.