HGTV star Nicole Curtis was at the recent Ace Hardware Spring 2017 Convention & Exhibits to promote products, but she also took time to tell Hardware Retailing about the independent retailers she relies on. Curtis’ TV show “Rehab Addict” details …
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Ace Hardware CEO: In a Retail War, ‘Differentiate or You Die’
When Ace Hardware’s top executive stepped on stage at the start of the co-op’s spring buying show, he had fierce words for fighting competitors: find weakness and “attack it relentlessly.” President and CEO John Venhuizen spoke March 16 to kick …
Read More »True Value Releases 2016 Year-End Results
True Value Company today released its year-end results for fiscal 2016, which included increases in gross billings, retail comp-store sales, net margin and more. The co-op reported total gross billings of $2,073.7 million for the fiscal year ending Dec. 31, up 2 percent. …
Read More »Lowe’s Condensing Ace Canada Operations
Lowe’s is consolidating Ace Canada operations this year so the big-box retailer and the cooperative will share Canadian distribution functions. Ace Canada will close two distribution centers and its main office in the country. Lowe’s distribution network and head office in …
Read More »Year-End Financials Look Good for Ace, Home Depot
The Home Depot and Ace Hardware Corp. released their fourth-quarter and year-end earnings reports this week, showing positive results for both. Ace Hardware Corp. reported financial growth in its fourth quarter and for fiscal 2016, which the co-op’s top executive called a “challenging year.” Read …
Read More »Ace Hardware Reports Solid Growth, Despite ‘Challenging Year’
Ace Hardware Corp. reported financial growth in its fourth quarter and for fiscal 2016, which the co-op’s top executive called a “challenging year.” The cooperative saw fourth-quarter 2016 revenues of $1.2 billion, an increase of 5.8 percent from the fourth quarter of 2015. …
Read More »Retailers Celebrate Independence at True Value Spring Reunion
Home improvement retailers came from around the globe to discover new products, attend educational seminars and network with other business owners at the True Value Spring Reunion. The weather was cold and rainy, but spirits were high as retailers used their …
Read More »Ace Hardware Expanding Distribution Facility for Imported Products
Ace Hardware Corp. plans to expand its Virginia facility that serves as the co-op’s central location for receiving imported products on the East Coast. The project will expand the facility in Suffolk, Virginia, by 138,000 square feet, growing its size to 474,000 square feet. …
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