Oak Brook, Illinois-based Ace Hardware Corporation reported “record” 2021 fourth-quarter revenues of $2.1 billion — an increase of 0.7% over the same quarter a year ago — while total year-end revenues topped $8.6 billion. The year-end revenues were 10.7% above 2020. Full-year 2021 net income reached $330 million, an increase of 4.1% on top of […]
Category: Ace Hardware
Ace Opens Store in Mexico
Ace Hardware International Holdings, Ltd. opened its first store in Monterrey, Mexico in late October, and the company plans to open 13 additional stores by the end of next year. The store is the first under Ace’s new “turnkey franchise model” announced in 2020. The company now operates in approximately 70 countries and has opened […]
Ace Has ‘Record’ 3Q
Oak Brook, Illinois-based Ace Hardware Corporation reported “record” third-quarter revenues of $2 billion, an increase of $28.1 million, or 1.4%, from the third quarter of 2020. Ace’s net income for 2021 3Q was $99.3 million, an increase of about $600,000 over the third quarter of 2020. U.S. retail same-store-sales reported by the approximately 3,400 Ace […]
Ace Hardware on Track to Open 170 Stores
Retailer-owned hardware cooperative Ace Hardware Corp., Oak Brook, Illinois, has opened 110 new stores in 2021 with plans to open at least 60 more by the end of the year. Globally, Ace has opened the doors on 900 stores in the past five years, while disbursing dividends of $293 million in 20220, which marked a […]
