Content about Ace Hardware Corporation

November 12, 2014

Describing its third-quarter performance as record-breaking, Oak Brook, Illinois-based Ace Hardware Corp. reported total revenues of $1.13 billion for the third quarter of 2014, an increase of 9.1%, from the third quarter of 2013.

Net income was $37.3 million for the third quarter of 2014, up 8.4%.

November 10, 2014

Oak Brook, Illinois-based Ace Hardware Corporation hired Steve Locanto as corporate controller. Reporting to Ace’s Chief Financial Officer Bill Guzik, Locanto will oversee a broad range of financial matters, including internal and external financial reporting, internal controls, operational accounting and systems. 

September 24, 2014

BlueTarp Financial announced that Ace Hardware Corporation has selected BlueTarp as the preferred commercial credit program for its Ace stores. 

The move brings BlueTarp closer to the Ace organization, members of which can choose to participate. The program is rolling out on a limited bases currently, with broad availability targeted for the fourth quarter.

September 21, 2014

Frattallone's Ace Hardware of Minnesota was recognized by Ace Hardware Corp. as the co-op's All-Star Retailer of the Year for its contributions to the Children's Miracle Network.

Mike Frattallone accepted the award during a presentation at the Ace Hardware General Session in Orlando, Florida. The ceremony included an appearance on stage alongside Aiden Morales, the 10-year-old ambassador of Ace's fundraising programs across the country. 

August 28, 2014

Ace Hardware Corporation has employed the wares of Digital Lumens in upgrading the lighting of its 1-million-sq.-ft. Retail Support Center in Rocklin, California.

The facility has been outfitted in Digital Lumens Intelligent LED Lighting since October 2013, saving Ace an average of 81% on lighting-related energy use, the company said.

August 13, 2014

With heavy investment in its Paint Studio and a corresponding media blitz to promote it, wholesale sales at Ace Hardware Corp. jumped double digits in the second quarter, the co-op reported Wednesday morning.

July 31, 2014

As is its annual custom (now in its fourth year), Ace Hardware Corporation recognized a new spate of Ace stores in its 2014 "Coolest Hardware Store" awards. Six stores nabbed the title out of 4,850 Ace stores worldwide, named officially during Ace's Platinum Conference held in Las Vegas.

July 18, 2014

Portland, Maine-based Emery-Waterhouse, the hardlines distributor acquired by Ace Hardware Corp. in February, announced the new hire of Charles Chibante as VP of Sales.

Chibante comes to Emery-Waterhouse bringing over 20 years of experience in retail, operations, marketing and leadership, including 13 years with Wal-Mart in various leadership positions, as well as eight years as a partner in a family owned and operated construction company.  

June 13, 2014

Oak Brook, Illinois-based Ace Hardware Corporation made some updates to its corporate board of directors, not the least of which includes the planned appointment of Jim Ackroyd as chairman.

Ackroyd is the CEO of Vision Ace Hardware, an 11-store chain in southwest Florida. He was named vice chairman last year as part of a planned changeover within the chairman position. As a member of Ace's board since 2008, he was also re-elected to another three-year term as a member director.

June 11, 2014

Ace Hardware Corporation hired Karen Fedyszyn as VP of information technology (IT) and chief information officer.

Reporting to Ace’s CFO, Fedyszyn will play an integral role in driving strategic technology and systems management for Ace to shape business functions and deliver significant return on investments, the co-op said.

June 9, 2014

The J.D. Power 2014 U.S. Home Improvement Retailer Store Satisfaction Study gave high marks to Oak Brook, Ill.-based Ace Hardware Corp.

J.D. Power’s ranking have Ace Hardware “Highest in Customer Satisfaction with Home Improvement Retail Stores” for the eighth year in a row. Ace has captured this ranking ever since the organization began this study eight years ago. 

May 14, 2014

Oak Brook, Ill.-based Ace Hardware Corp. reported today that strong performance in core categories lifted the co-op to what it calls its "best first quarter for both revenues and net income in its 90-year history." 

The co-op reported total revenues of $1.1 billion for the first quarter, up 16.8% from the same quarter last year. Net income was $24.4 million, up from $4.4 million in the year-ago quarter.

April 22, 2014

Ace Hardware is celebrating the milestones it has reached within its supply chain in the aim of reducing its carbon footprint this Earth Day.

Specifically, two Ace Hardware Retail Support facilities are being recognized for their participation in zero landfill initiatives, which see to it that a product is reused instead of being sent to a landfill or incinerator. The Ace Hardware Import Redestribution Center in Suffolk, Va. has been enjoying zero landfill status for over a year, and the counterpart facility in Kent, Wash. is 95% of the way there.

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.