Oak Brook, Ill. — Ace Hardware, the largest retailer-owned hardware cooperative in the world, has opened 110 new stores in 2021, and is planning to open at least an additional 60 stores by the end of the year.
Ace operates more than 5,500 locally owned hardware stores in all 50 states and 70 countries, with global sales topping $20 billion. Ace’s unique cooperative business model offers local entrepreneurs not only the ability to become owners of their local store operation, but they also become one of a limited number of shareholders of Ace Hardware Corporation.
Globally, Ace has opened more than 900 stores in the past 5 years, while disbursing dividends of $293 million in 2020 — a 46% return for Ace shareholders.
For more information, visit www.acehardware.com.
SOURCE: Ace Hardware Corporation