October 4, 2019
Hardware cooperative maintains the number two spot in the retail industry category
Ace Hardware Corporation, the largest retailer-owned hardware cooperative in the world, is pleased to announce it was recently ranked in the top five in the 2019 Franchise Times Top 200, following four straight years ranked at No. 6. The respected annual list ranks the largest U.S. franchises by global sales.
“Ace is proud to be recognized again by Franchise Times as a top franchise, and thrilled to have earned the number five ranking for 2019,” said John Tovar, Vice President Operations and New Business for Ace Hardware Corporation. “We continue to see incredible growth both in new store openings and among our existing retailers, and it is because of our hardworking independent store owners and their commitment to serving their neighbors with the highest-quality products and the convenience their customers expect from Ace.”
•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,…