First-quarter 2019 was a period of growth for Ace Hardware Corp. The Oak Brook, Illinois, co-op on May 22 reported first-quarter 2019 revenues of $1.4 billion, an increase of 5.1 percent from the first quarter in 2018. Net income was $22.6 million …
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Ace Hardware Acquires 50 Great Lakes Ace Stores
Ace Hardware Corp. confirmed May 22 that the co-op now has full ownership of the Great Lakes Ace Hardware chain. The co-op’s first-quarter financial report says that Ace Hardware experienced revenue increases in early 2019, in part due to the acquisition of …
Read More »Ace Looks to Experiences, Relationships for Store Success
In-store experiences and customer relationships were major topics at the Ace Hardware Spring 2019 Convention & Exhibits. Howard Schultz, former chairman and CEO of Starbucks, spoke at the convention’s general session, which kicked off the March 26-28 buying show in …
Read More »Ace Hardware Is Focused on Retailer-Centric Change and Growth
Click the picture to download a PDF of this story. Onward and Upward By Kate Klein, kklein@nrha.org Ace Hardware Corp. is on a growth path that maintains its retailer-owned cooperative model, continues to pursue its core values and finds new, adaptive ways to …
Read More »Brothers Grow a Business by Saving Struggling Stores
From Famine to Flourish Brothers Martin and Art Ruggiero—owners of Desert Foothills Ace Hardware in Phoenix—were already business partners before most kids their age had moved on from their high school and college jobs. Their father, Al, had opened a …
Read More »Insight From 3 Ace Hardware Executives
Hardware Retailing magazine spoke with three top executives from Ace Hardware Corp. to learn more about the co-op’s latest merchandising, logistics and marketing initiatives. John Surane, Executive Vice President, Chief Merchandising and Sales Officer Lori Bossmann, Executive Vice President, Chief Supply Chain …
Read More »Venhuizen Q&A: Ace Maintains Mission While Embracing Change
John Venhuizen President and CEO Venhuizen has worked at Ace Hardware for more than 25 years, serving in a variety of leadership positions. In the past, he has overseen marketing, business development, strategy, supply chain, IT and Ace International. Hardware …
Read More »Boston’s Ace Hardware Finds Fresh Growth
Boston’s Ace Hardware in Page, Arizona, isn’t new to finding opportunities for growth. The store has been operating since the 1960s and is currently going strong under the ownership of brothers Doug, David and Dan Boston. Major, profitable changes to …
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