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Ace Hardware is celebrating 100 years in business in 2024, and in the first half of the year, has opened over 100 new stores, including its 5,000th domestic location. Ace plans to open more than 200 new stores by the end of the year.
In the first six months of the year, Ace Hardware activated 111 new stores. One of these new stores, Fixit Ace Hardware in Roswell, Georgia, is also recognized as Ace’s 5,000th domestic location. Globally, Ace has opened more than 900 new stores in the past five years, including 203 last year, while disbursing dividends of $357 million and providing a 35% return for Ace shareholders in 2023. Ace’s new store growth has been fueled by existing retailers opening additional locations, competitor stores converting to Ace and new investors opening their first Ace Hardware store.
“I’m so proud to announce our 100th new store opening of the year in the 100th anniversary of the company,” says Ace Hardware president and CEO John Venhuizen. “This serendipitous symmetry is a beautiful testament to the enduring relevance in our faith that human connection and a servant heart is not the enemy of a successful business, it’s the enabler.”
See what Ace has planned to celebrate the milestone anniversary during the Fall Convention, coming up Aug. 8-10 in Chicago.
