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August 10, 2012

Oak Brook, Ill.-based Ace Hardware Corp. reported total revenues of $1.071 billion for the second quarter of 2012, up 4.8% from 2011.

Merchandise sales to comparable domestic stores increased 4.3%, in the second quarter of 2012 compared with the prior year. Net income, however, declined to $14.9 million, compared with $34.6 million earned in 2011.

June 26, 2012

Oak Brook, Ill.-based Ace Hardware Corp. has unveiled the redesigned acehardware.com for consumers.

The website features new functionality designed to greatly enhance the consumer’s online experience, prominently featuring product reviews, tips and advice, store locator, enhanced “My Store” pages and Ace’s “Red Hot Buys.”            

June 4, 2012

Oak Brook, Ill.-based Ace Hardware Corp. announced the early redemption of its outstanding 9.125% senior secured notes originally maturing June 1, 2016.  The refinance was driven by the April 13, 2012, closing of a new five-year $600 million senior secured credit facility composed of a new $400 million revolving credit facility and a new $200 million term loan, according to the co-op. 

May 8, 2012

Oak Brook, Ill.-based Ace Hardware Corp. posted total revenues of $908.2 million for the first quarter of 2012, an increase of 6.3% compared with 2011.

Net income was $10.2 million for the first quarter of 2012, an increase of 49.3% compared with $6.8 million in 2011.

February 25, 2012

Oak Brook, Ill.-based Ace Hardware Corp. reported total revenues of $921.7 million for the fourth quarter, up 7.3% from the same quarter in the previous year. Net income was $19.2 million for the fourth quarter, down 6.6%.

For the full year, total revenues were up 5.1% to $3.7 billion.

November 14, 2011

Oak Brook, Ill.-based Ace Hardware Corp. reported total revenues of $912.0 million for the third quarter of 2011, an increase of 10.6% from 2010.

October 12, 2011

Oak Brook, Ill.-based Ace Hardware Co. will unveil its new live goods program in Denver during its Fall Convention & Exhibits Oct. 15 to 17. 

The live goods program was tested at some Northeast retailers with strong results, according to Ace. The new program includes a partnership with BloomIQ.com, offering personalized garden planning tools for customers.

The live goods program is launching nationally in 2012.

August 17, 2011

Dorvin Lively, the former chief financial officer and executive VP of Ace Hardware, has been hired at RadioShack as the company’s CFO, chief administrative officer and executive VP, effective immediately. 

Lively, 53, left the Oak Brook, Ill, buying group on Aug. 10. He joined Ace in March 2008 as senior VP and CFO and was promoted to executive VP in December 2010. 

June 12, 2011

Oak Brook, Ill.-base Ace Hardware Corp. introduced Clark + Kensington, a new line of premier paint of the paint-and-primer-in-one variety.

Ace will begin shipping Clark + Kensingtron from its distribution centers beginning Sept. 6, and it will go nationwide during the first two quarters of 2012. 

The line of 100 percent acrylic, low-VOC paint is named after Ace’s first retail location on Chicago’s Clark Street and the site of their worldwide headquarters.

May 19, 2011

Saddle Brook, N.J.-based Arrow Fastener Co. introduced its new T50 Elite professional manual staple gun and 1-in. (25mm) brad nail gun.

The most recent evolution of the company’s best-selling T50 heavy duty staple gun, the T50 Elite staple gun will arrive in stores in July.  

May 16, 2011

Oak Brook, Ill.-based Ace Hardware Corp. reported total revenues of $845.0 million in the first quarter, up 2.8% from the same quarter a year ago. 

Merchandise sales to comparable domestic stores increased 2.2% in the first quarter.

Net income for the hardware cooperative declined to $6.8 million, down from $11.8 million in the same quarter last year.

October 3, 2010

A reputation for customer service doesn’t come easy, and it doesn’t happen overnight. At the...

September 10, 2010

Oak Brook, Ill.-based Ace Hardware Corp. is bringing its 19-million strong Ace Rewards customer loyalty program to a new level, with the help of Visa.

The new Ace Rewards Visa has been launched nationwide -- marking the first time for a hardware co-op to pair up with one of the big payment networks with a rewards card. Issued by U.S. Bank, the Visa card is available in a consumer version, plus a version designed for small business owners.

September 9, 2010

Through a credit card issued by U.S. Bank, Ace Hardware Corp. is upgrading its Ace...

Oak Brook, Ill.-based Ace Hardware Corp. is bringing its 19-million strong Ace Rewards customer loyalty program to a new level, with the help of Visa.

The new Ace Rewards Visa has been launched nationwide -- marking the first time for a hardware co-op to pair up with one of the big payment networks with a rewards card. Issued by U.S. Bank, the Visa card is available in a consumer version, plus a version designed for small business owners.

November 2, 2008

The diverse nature of the seven home improvement research presentations delivered rapid fire during a...

September 23, 2007

In a surprise announcement that was both shocking and familiar, Ace Hardware revealed on Sept....