Ace Hardware
Ace Hardware Corporation is an American hardware retailers' cooperative based in Oak Brook, Illinois, United States. It's the largest non-grocery retail cooperative in the United States.
| Company type | Private retailers' cooperative |
|---|---|
| Industry | Hardware stores |
| Founded | Chicago, Illinois, U.S. (1924) |
| Founders |
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| Headquarters | , |
Number of locations | Over 5,700 (2022) |
Area served | International |
Key people | John Venhuizen (President and CEO); Brett Stephenson (Chairman of the Board) |
| Revenue | US$9.17 Billion (2022) |
| US$341 million (2022) | |
| US$340.6 million (2022) | |
| Total assets | US$3.491 billion (2022) |
| Total equity | US$891.8 million (2022) |
Number of employees | 12,500 (2022) |
| Website |
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Founded in 1924 as "Ace Stores", the company changed its name to "Ace Hardware Corporation" in 1931. It grew dramatically following World War II, more than tripling its sales between the late 1940s and 1959. After the retirement of longtime president and founder Richard Hesse in 1973, Ace was sold to its retailers, becoming a retailer-owned cooperative. It first reached $1 billion in wholesale sales in 1985 and $5 billion in 2015. As of 2019, it has over 5,200 locations in 60 countries. Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and the United Arab Emirates.