In an email to retailers on Nov. 3, Ace Hardware president and CEO John Venhuizen updated retailers on the progress being made in remediating the cybersecurity incident that occurred over the weekend of Oct. 28-29. Venhuizen shared that the Care …
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Ace Hardware Experiences Cybersecurity Incident
Ace Hardware shared an email Monday with its retailers that the organization detected a cybersecurity incident impacting its IT systems. According to the email, ACENET, Warehouse Management Systems, Ace Retailer Mobile Assistant (ARMA), Hot Sheets, Invoices, Ace Rewards and the …
Read More »Ace Hardware Fall 2023 Convention Delivers Promises for Future
At the Fall 2023 Convention, Ace Hardware pledged to build on a century of success and continue to help its retailers be “the place with the helpful hardware folks.” During the opening general session of the event, which was held …
Read More »Ace Hardware Sees Financial Gains in Q2 2023
Marking increases across the board from the second quarter of 2022, Ace Hardware shared its financial reports for the second quarter of 2023. The company’s revenues reached $2.6 billion, up 3.9% from last year, and operating income was $141 million, …
Read More »Ace Hardware Reports Q1 2023 Results
Ace Hardware released its financial report for the first quarter of 2023, marking first quarter revenues of $2.1 billion, a decrease of 5.8% from last year. Net income for Ace in Q1 2023 was $66.2 million, down 44.7% from the …
Read More »Ace Hardware Donating 1 Million American Flags
In a collaboration with the Veterans of Foreign Wars (VFW), Ace Hardware is honoring the brave men and women who made the ultimate sacrifice for our country by giving away 1 million American flags nationwide during Memorial Day weekend. Customers …
Read More »Ace 2023 Spring Convention Builds Hope for Future
From inflation to a challenging labor market, many challenges continue to plague retailers in 2023, but the Ace Hardware 2023 Spring Convention brought a breath of hope during an uncertain time. Hosted March 14-16 at the Henry B. Gonzalez Convention …
Read More »Ace Hardware Shares Q4 and Full-Year 2022 Financials
Ace Hardware Corporation reported record Q4 2022 revenues of $2.2 billion, an increase of $124.5 million or 6% from the fourth quarter of 2021. Net loss was $4.6 million for the fourth quarter of 2022, a decrease of $13.9 million …
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