Content about Ace Hardware Corporation

April 1, 2014

Oak Brook, Ill.-based Ace Hardware Corporation is hoping to gain a sales and marketing boost from its 90th anniversary.

To commemorate the occasion, Ace is hosting a nationwide promotion April 2-7, during which time customers can get 20% off gallons of Clark+Kensington paint+primer in one, as well as special offers on a variety of lawn, garden and outdoor living items. Some home maintenance products will also be priced at 90 cents in honor of the milestone.

March 27, 2014

Oak Brook, Ill.-based Ace Hardware Corporation, the industry’s largest retailer-owned hardware cooperative, recognized Les Orchekowsky of Sierra Vista, Ariz., with Ace’s first-ever Ray A. Griffith Retail Leadership Award.

Named after Ace’s former CEO Ray A. Griffith who retired in March 2013, the award will be given annually to the Ace retailer that most personifies Griffith’s outstanding leadership traits and exemplifies Ace’s core values.

February 28, 2014

Oak Brook, Ill.-based Ace Hardware Corp. recognized seven vendors for their superior commitment and service to the hardware cooperative, its retailers and customers at the 2014 Spring Convention and Exhibits held February 24-26 in Houston.

This year’s collection of Ace Vendor of the Year award winners are:

• Allway Tools, a premier manufacturer of paint sundries and specialized tools, based in the Bronx, N.Y. 

February 20, 2014

Ace Hardware Corp. announced today that it has acquired Emery-Waterhouse, the Portland, Maine-based distributor of hardlines products for independent lumber, paint, industrial and hardware outlets. 

“The acquisition of Emery-Waterhouse serves as a tremendous catalyst to leverage wholesale purchasing power,” said John Venhuizen, president and CEO, Ace Hardware. “We are confident that both Ace retailers and Emery-Waterhouse customers will benefit from the additional scale and expanded assortments.”

February 19, 2014

Oak Brook, Ill.-based Ace Hardware Corp. reported total fiscal 2013 revenues of $4.2 billion, an increase of 8.2% over the previous year.

“2013 was a record year for the company," said John Venhuizen, Ace president and CEO. “We outperformed our operating plan, exceeding $4 billion in consolidated revenues and $100 million in net income for the first time in our history.”

January 29, 2014

In celebration of seven straight years winning "Highest in Customer Satisfaction with Home Improvement Retail Stores" in the J.D. Power Home Improvement Retailer Satisfaction Study, Ace Hardware is kicking off its first-ever J.D. Power Award Neighborhood Tour across the country.

Ace's J.D. Power trophies will be showcased and presented for photo opportunities at stores across the country during the 17-week tour, which will make stops at more than 100 stores in 24 states.

December 17, 2013

Oak Brook, Ill.-based Ace Hardware Corp. hired Frank Carroll as general merchandise manager.

Reporting to senior VP merchandising, marketing and sales John Surane, Carroll will focus on merchandising strategy both domestically and internationally. 

November 13, 2013

Ace Hardware Corp. released its third-quarter earnings report today to the generally positive results of 8.9% growth in revenues since 2012, but more of the same in terms of income.

The hardware cooperative netted $1.0 billion in revenues for the third quarter, an increase of $84.4 million over the same quarter in 2012.

Meanwhile, net income came in at $34.4 million, little changed since 2012's figure of $34.3 million.

September 18, 2013

Jim Ackroyd, CEO of Vision Ace Hardware in Naples, Fla., will assume chairman-of-the board status at Ace Hardware Corp. in June 2014.

Ace Hardware, which underwent a CEO transition earlier this year as John Venhuizen replaced the retiring Ray Griffith, delayed the transition of the chairman position to mitigate disruption, according to the co-op.

Ackroyd will replace Dave Ziegler of Ziegler’s Ace, which has nine locations in Illinois. Vision Ace operates 11 locations in Florida.

August 14, 2013

Pointing to sales gains in virtually every department, Oak Brook, Ill.-based Ace Hardware Corp. reported second-quarter revenue growth of 9.7% -- to $1.74 billion from $1.07 billion. Net income increased to $42.3 million, compared with net income of $14.9 million in the same quarter last year.

CEO John Venhuizen said the co-op is pleased with the results so far in 2013. "Sales increased in virtually every department with significant growth at both wholesale and retail from our Discovery Edge, Level 3 merchandising re-sets and branding inititatives," he said. 

June 19, 2013

Las Vegas — Ray Griffith kicked off the Golden Hammer retail awards presentation with a joke: "Does everyone have an hour? I have a long speech." He got an even bigger laugh when he called out a moderator for his use of the word "entertainment" to describe the panel discussion.

But the concepts that Griffith and the other retail honorees shared during the 29th Golden Hammer Awards ceremony held here during the National Hardware Show contained a serious tone as hardware stores appear to be poised to pounce on a swelling industry recovery.

April 16, 2013

The Oak Brook, Ill.-based co-op says it intends to spread the word about the growth of Craftsman products in Ace stores.

Oak Brook, Ill.-based Ace Hardware says the rollout of the Craftsman brand across its network of stores has crossed the 2,000 location milestone. 

Since Ace signed a deal in 2010 with Sears to bring Craftsman products to Ace stores, more than 2,000 neighborhood Ace stores now offer a full line assortment of more than 650 Craftsman products, the co-op announced today.

March 22, 2013

The Oak Brook, Ill.-based co-op reported fiscal 2012 revenues of $3.8 billion along with a strong fourth quarter.

Oak Brook, Ill.-based Ace Hardware Corp. posted fiscal 2012 revenues of $3.8 billion, up 3.6% from the previous year. 

The co-op’s net income of $81.8 million increased 5.3% for the year.

“We are very pleased with our fiscal 2012 results as revenues and net income were both higher than last year and our plan,” said Ray Griffith, Ace CEO, who will be replaced by John Venhuizen as CEO, effective March 31.

March 15, 2013

NEW ORLEANS — The recent marriage of Valspar and Ace Hardware Corp. was by far the most colorful product story at Ace's Spring Convention and Exhibits held here.

Not only were dealers eager to see Ace's paint department vision of the future, they were hungry for details on the incentives in place to retrofit their stores.

One retailer suggested that the Valspar topic boosted attendance at the show. Others on the floor ran the gamut from dealers who embrace the change enthusiastically, to those who want to stay with their existing brands, notably Benjamin Moore.

March 15, 2013

On March 31, John Venhuizen will step from behind the scenes into one of the most front-and-center posts in the hardware business — that of CEO of Ace Hardware Corp. After standing and delivering a motivational presentation to thousands of dealers at the co-op's Spring Convention & Exhibits in New Orleans, he sat down with HCN.

HCN: What worries you as you step into the CEO role?

March 8, 2013

The 86-store Midwest hardware store chain, recently purchased by Ace Hardware, spent the past year planning the new layout.

Among the new design elements of Westlake Ace Hardware’s Bolivar, Mo., location are an open-air entranceway, unique signing and decor, and browse-friendly lifestyle categories situated in the center of the store.

February 27, 2013

The Oak Brook, Ill.-based co-op launched hardwarestoresforsale.com as a listing service for retailers, regardless of affiliation.

A new online tool from Oak Brook, Ill.-based Ace Hardware is designed to help retailers sell a hardware store or find an existing retail space.

The website -- hardwarestoresforsale.com -- launched in mid-February as a listing service for "all convenience hardware retailers, no matter their affiliation." 

February 20, 2013

Oak Brook, Ill.-based Ace Hardware Corporation will present “Vendors of the Year” awards at its upcoming 2013 Spring Convention & Exhibits in New Orleans.

Oak Brook, Ill.-based Ace Hardware Corp. will present “Vendors of the Year” awards at its upcoming 2013 Spring Convention & Exhibits in New Orleans.

The seven vendors were selected based on superior commitment and service to the hardware cooperative, its retailers and customers, according to Ace.

The award winners are:

January 2, 2013

Ace Hardware Corp.’s paint program is going through a major makeover with Valspar stepping up as a supplier and taking over the co-op’s paint manufacturing facilities. 

Ace and Valspar announced a long-term deal, under which Valspar will manufacture and supply Ace-branded paint products to Ace dealers. The companies also announced that Valspar has acquired Ace Hardware’s paint manufacturing assets, including two manufacturing facilities located near Chicago.

December 27, 2012

Oak Brook, Ill.-based Ace Hardware’s recent purchase of the 85-store Westlake Ace Hardware chain -- the co-op’s largest customer -- represented “good offense” and “good defense,” according to the co-op’s message to Ace retailers.

December 18, 2012

Ace Hardware Corp. acquired Lenexa, Kan.-based Westlake Ace Hardware for $88 million.

Westlake was named the HCN 2011 Retailer of the Year, and was featured in the May 2011 issue of Home Channel News. Since 2006, the company was owned by a private equity firm -- Goldner Hawn Johnson and Morrison. 

December 17, 2012

Dating back almost to the Great Fire of Chicago, Stauber’s Ace Hardware turned 140 years old in 2012.

Founded in 1872 by Louis Stauber, a Swiss immigrant, in Chicago one year after the Chicago fire ravaged the city. The store was relocated more than 100 years ago to the Northcenter area of Chicago, where it currently does business today. 

November 29, 2012

Ace Hardware Corp. has recognized six member stores with the company’s second-annual “Coolest Hardware Store” awards.

The six winners, named during Ace’s annual Platinum Conference held recently in Las Vegas, share common traits yet offer local flavor and product selection above and beyond most hardware stores:

November 19, 2012

Ace Hardware Corp. plans to give away a complete room makeover as part of its Merry Paint Makeover design contest.

It works like this: Through No. 26, homeowners can go to Ace’s Facebook page and upload a photo and 100-word description of a room in their house that needs home improvement for the holiday season. 

November 6, 2012

Oak Brook, Ill.-based Ace Hardware Corp. has officially been granted a trademark for the phrase “In-store Wingman,” according to Plus Patent News.

The trademark was granted by the United States Patent and Trademark Office. Ace has used the phrase to promote its customer service in the past, including in this twitter tweet from May.