Oak Brook, Ill. — Ace Hardware, the largest retailer-owned hardware cooperative in the world, has opened more than 100 new stores in 2023, and is planning to open more than 170 by the end of the year. Globally, Ace has opened more than 1,100 stores in the past 5 years.
“With over 100 new stores already opened for the year, we remain enthusiastically bullish about the continued prospect for new store growth,” says John Venhuizen, president and CEO of Ace Hardware. “I applaud our local Ace owners for the pace with which they’ve integrated our digital efforts with our physical assets. Seventy percent of Acehardware.com orders are picked up in store and 20% are delivered to customers by our own red vested heroes, thus further advancing the relevance and necessity of our neighborhood stores.”
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.
Ace operates more than 5,800 locally owned hardware stores in all 50 states and 60 countries, with global sales topping $22 billion. Headquartered in Oak Brook, Ill., Ace and its subsidiaries operate an expansive network of distribution centers in the U.S. and have distribution capabilities in Ningbo, China; and Santa Catarina, Mexico. Ace also owns Ace Hardware Home Services, a collection of local service companies with experienced professionals dedicated to helping homeowners complete home maintenance tasks. For more information, visit www.acehardware.com.
SOURCE: Ace Hardware Corporation