Content about Oak Brook

September 10, 2013

Orlando, Fla. -- Ace Hardware CEO John Venhuizen took the stage in Orlando during the co-ops Fall Convention and energetically spelled out reasons for Ace stores to be optimistic. He also declared: We lack the luxury to stand still.

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.

April 12, 2013

Industry vendors have a unique opportunity to introduce their products to Ace Hardware’s merchandise buyers during its Buying Days event on June 7 in Oak Brook, Ill.

Oak Brook, Ill.-based Ace Hardware Corp. is hosting a Buying Days event June 7 in Oak Brook at the Doubletree Hotel on Spring Road.

The co-op says it is offering vendors an opportunity to introduce their products to Ace buyers during the event. “This event allows prospective vendors to efficiently and effectively introduce their business and products to Ace Hardware,” according to an announcement for the event.

April 5, 2013

Ray Griffith, the recently retired CEO of Ace Hardware, will enter the Home Channel Hall of Fame during the National Hardware Show in May.

The Home Channel Hall of Fame will induct Ray Griffith during the Golden Hammer Awards breakfast ceremony May 8 in Las Vegas.

The event coincides with the 2013 National Hardware Show, May 7-9, at the Las Vegas Convention Center. 

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.

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." 

May 28, 2012

According to an article in The Virginian-Pilot, the Oak Brook, Ill.-based Ace Hardware Corp.’s redistribution center at the CenterPoint Intermodal Center is nearing completion.

The facility, which broke ground last June, is described as a 336,000 square-foot import redistribution center. 

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.

April 16, 2012

Ray Griffith, the CEO of Oak Brook, Ill.-based Ace Hardware, explained during an interview on Fox Business that consumers will continue to spend on their homes.

“We had a real good first quarter, and so far it’s carrying into April,” said Griffith during a segment described by the network as “Banking on do-it-yourself.”  

March 13, 2012

During the Oak Brook, Ill.-based hardware co-op’s spring market in Atlanta, executives communicated their mission and their vision.

Delivering good news early in the general session, CEO Ray Griffith pointed to sales of  $3.7 billion in fiscal 2011, up 5.1% from the previous year and stronger than the planned growth of 3%.

March 2, 2012

Even before Ace Hardware Corp. reported high single-digit sales increases for the quarter and the year — and even during a lingering housing downturn — CEO Ray Griffith told dealers that he liked the position in which Ace finds itself.

“Ongoing uncertainly keeps consumers cautious about spending, but many of you are doing well,” he told the members gathered in Denver for the co-op’s market last year.

February 16, 2012

Orlando, Fla. -- The stage of the 2012 City of Hope “Spirit of Life” event featured one brand new honoree, several more industry icons and 30 years of memories for the hardware/homebuilding group.

Convening for the good of the California-based cancer treatment and research center, executives and supporters filled a banquet room at the Rosen Plaza Hotel here on the eve of the International Builders' Show to honor the man of the hour: Ace Hardware's Ray Griffith. The president and CEO of the Oak Brook, Ill.-based hardware co-op accepted the 2012 Spirit of Life award.

November 16, 2011

Four South Dakota hardware stores have joined Ace Hardware, the Oak Brook, Ill.-based co-op announced recently.

The stores, owned by John Niederauer, are located in the South Dakota cities of Dell Rapids, Miller, Redfield and Tea. All four stores underwent the transformation in mid-August.

September 14, 2011

Workers have been clearing land for what might be a large Ace Hardware distribution center in Suffolk, Va., according to an article in the Virginia Pilot.  

The Suffolk site is part of a planned 5.8 million-sq.-ft. complex under development on 900 acres by CenterPoint Properties Trust, which is based in Oak Brook, Ill., where Ace is also headquartered.

August 10, 2011

In a second-quarter earnings season characterized by weather-depressed sales figures, Oak Brook, Ill.-based Ace Hardware Corp. managed to show a gain in revenues.

For the three months ended July 2, Ace saw revenues increase 0.5% to $1.021 billion. For the six-month period, sales increased 1.6% over the same two quarters in 2010.

June 3, 2011

The J.D. Power and Associates 2011 U.S. Home Improvement Retailer Store Satisfaction Study ranked Ace Hardware highest in customer satisfaction among home improvement retail stores. It's the fifth straight year for the recognition. 

May 29, 2011

For the fourth year in a row, the Ace Foundation's "Motorcycle Miracle Mission" is hitting the road to raise money for Children's Miracle Network Hospitals.

The event generated $100,000 for the cause in the last three years. Riders will travel the 600-mile route from Oak Brook, Ill. -- headquarters of Ace Hardware -- to Marshfield, Wis., and back July 22-24.

April 5, 2011

The 2011 Ace Hardware Spring Convention and Exhibits held last week in Chicago saw a significant boost in attendance from the two previous years, according to the Oak Brook, Ill.-based hardware co-op.

Retailer attendance was up 36% compared with Ace's previous spring show in New Orleans. The Chicago event also posted a 17% increase in attendance compared with the spring show held two years ago in Las Vegas. 

Total convention attendance in Chicago topped out at about 15,000, according to Ace.

March 7, 2011

Whether it’s their geographic market, operating strategy or support from lenders and co-ops, there are plenty of variables that distinguish between a retail company that thrives and a retail company that merely survives.


Meet Costello’s Ace Hardware, where a thriving mind-set and aggressive growth are a function of all three variables, and even a few more. 


December 5, 2010

With multiple initiatives in play—including a plan to create a subsidiary to run its international...

December 1, 2010

Oak Brook, Ill.-based Ace Hardware announced the grand prizewinner of its first-ever Ace Rewards Scratch...

November 11, 2010

With multiple initiatives in play -- including a plan to create a subsidiary to run...

October 6, 2010

Oak Brook, Ill.-based Ace Hardware announced the winners of its Helpful Hands campaign to provide...

October 3, 2010

There’s an old saying in sports: “They don’t ask, ‘How?’ They ask, ‘How many?’ ”...