Ace Hardware is continuing to expand its retail footprint with over 160 new stores arriving in 2022.
The leading hardware retailer that offers national and private brands recently celebrated the opening of its 105th store this year, with 60 more slated to open before 2023.
To meet this growing presence, Ace plans to add 4.4 million square feet of capacity to its distribution network by opening three new warehouses in the next five years. In the last four years, the company added more than 2.5 million square feet.
"With over 100 new stores already opened for the year, we remain enthusiastically bullish about the continued prospect for new store growth,” said Ace Hardware President and CEO John Venhuizen. "I applaud our local Ace owners for the pace with which they've integrated our digital efforts with our physical assets. 70% of Acehardware.com orders are picked up in store and 20% are delivered to customers by our own red vested heroes, thus further advancing the relevance and necessity of our neighborhood stores."
In an age where retailers are shrinking their store footprint, Ace has opened more than 840 stores in the past 5 years. Ace operates more than 5,600 locally owned hardware stores in all 50 states and 70 countries, with global sales topping $20 billion.