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

Ace Hardware Reports Third Quarter 2018 Results

• Record third quarter revenues of $1.4 billion, an increase of 6.3 percent from last year • U.S. same-store-sales up 1.8 percent during the quarter • Third quarter net income…
Read More

Read More

Ace Hardware Wants You to Know It’s Proud to Not Be a Big-Box Store

94-year-old chain stresses mom-and-pop traditions

Read More

Ace Hardware Ranks No. 6 for Fourth Consecutive Year on Franchise Times’ Top 200

“We are proud to be recognized by Franchise Times as a top franchise for the fourth year in a row,” said John Tovar, Vice President Operations and New Business for…
Read More

Read More

Archived Stories

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,…
Read More

Read More

Survey points to hardware optimism

How optimistic are 765 Ace Hardware retailers surveyed in the recent biennial Retailer Satisfaction Survey? Almost 90% say they “intend to grow and expand operations in the near term,” the…
Read More

Read More

Hardware store steps up for the kids

Brooklyn, New York-based retailer Matt Mazzone’s idea to sell chocolate for charity has been a huge hit. It started out local, and sweetened into a national program whereby Ace stores…
Read More

Read More