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*
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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• 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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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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– 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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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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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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