July 5, 2019
Ace Hardware Corporation, the world’s largest retailer-owned hardware cooperative, announced today it will open new Ace Hardware stores in 11 former Orchard Supply Hardware locations in California.
“Ace is delighted to fulfill a need by bringing back the local, neighborhood hardware store in 11 California communities,” said John Venhuizen, president and CEO of Ace Hardware Corporation. “Ace intends to honor the tremendous legacy Orchard Supply Hardware established in these communities while infusing them with Ace’s unique culture and helpful service for which Ace has become famous.”
With 173 new domestic store openings in 2018, Ace Hardware continues to grow and increase its presence in local markets with over 4,400 stores across the country. Ace Hardware is excited about the opportunity to serve several communities spanning both northern and southern California. Nine of the stores will be owned and operated by Westlake Ace Hardware, a subsidiary of Ace Hardware Corporation. Two of the eleven stores will be owned and operated by independent retailers.
• 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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