Newsroom: 2017 Annual Reports and Financials

April 2, 2018

One need not read or watch too much of the news to understand thechallenges that exist at retail. And to be certain, it was a challenging year for most brick-and-mortar retailers with an estimated 6,700 store closings in the U.S. alone. But against that dismal backdrop stands the humbled swagger of the local underdog – the Ace retailer. While much of the retail world was whacked in the head with declining transactions, employee terminations and store closings, you extended four streaks that I find to be both impressive and critical to our future. Ace retailers have now enjoyed:
• Five years in a row of increased customer traffic
• Six years in a row of net new store growth
• Eight years in a row of increased same-store sales and same-store gross profit
• Eleven years being ranked “Highest in Customer Satisfaction with Home Improvement Retail Stores” by J.D. Power*

Featured Stories

Heartware Story – Hurricane Harvey

  On August 25th, 2017, Hurricane Harvey torn through Rockport, TX leaving a trail of devastation in its wake. This was the strongest hurricane in the US since 2015. Towns…
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Ace Hardware Reports Record First Quarter 2020 Results

• Record first quarter revenues of $1.43 billion, an increase of 3.8 percent from last year • U.S. same-store-sales up 4.2 percent; Acehardware.com revenues up 63 percent • Record first…
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Improving Home Improvement: Home Depot & Lowe’s Lead In Volume But Trail In Customer Satisfaction

To paraphrase Bob Dylan (formerly Robert Zimmerman, of Hibbing MN.) “the times, they are a-changin’” – and fast! The coronavirus has led to previously unimaginable changes in lifestyle. In a…
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Archived Stories

Ace Hardware reports second quarter 2017 results

– Record revenues of $1.5 billion, an increase of 4.6 percent from last year – Net income, including one-time pre-tax charges of $7.8 million for our warehouse reconfiguration to support…
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Backed by Visa, Ace steps up its rewards

October 3, 2010 | By Ken Clark The ability to bring instant credit to the sales floor of Ace Hardware stores is seen as a powerful new sales tool for…
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Boulder’s McGuckin dropping ties to True Value for Ace

McGuckin Hardware is ending its 30-year partnership with the True Value co-op as of Dec. 31, 2016, and will start buying from the Ace Hardware co-op as of Jan. 1,…
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