October 3, 2017
Ace Hardware Corporation and The Grommet, today announced that Ace Hardware has completed its acquisition of a majority stake in e-commerce startup, The Grommet.
The Grommet operates an e-commerce website that markets and sells new and innovative products created by independent entrepreneurs, also known as Makers. It has discovered and launched dozens of now household brand names, including FitBit, IdeaPaint, OtterBox, SimpliSafe and SodaStream.
•Record third quarter revenues of $2.0 billion, an increase of 30.7 percent from last year •U.S. same-store-sales up 28.9 percent; Acehardware.com revenues up 221 percent •Record third quarter net income…
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,…