Ace Hardware Opens 100th New Store In 2024
As Ace Hardware celebrates its centennial, the retailer-owned hardware cooperative has reached a milestone with the opening of its 100th new store in the current calendar year.
Ace’s total store count now sits at 5,000 and plans call for an additional 200 new stores to open by year’s end.
In the first six months of 2024, Ace Hardware activated 111 new stores – a record-breaking feat for the hardware retailer. Last month, the retailer’s 100th new store for the year opened in Henderson, Nev. One of these new stores, Fixit Ace Hardware in Roswell, Ga., is also recognized as Ace's 5,000th domestic location.
Globally, Ace has opened more than 900 new stores in the past five years, 203 last year, while disbursing dividends of $357 million and providing a 35% return for Ace shareholders in 2023.
"I'm so proud to announce our 100th new store opening of the year in the 100th anniversary of the company," said John Venhuizen, president and CEO of Ace Hardware. "This serendipitous symmetry is a beautiful testament to the enduring relevance in our faith that human connection and a servant's heart is not the enemy of a successful business, it's the enabler."
Ace's new store growth has been fueled by existing retailers opening additional locations, competitor stores converting to Ace, and new investors opening their first Ace Hardware store. Interest in owning and operating a local Ace Hardware store continues to be at historically high levels.
Ace operates more than 5,800 locally owned hardware stores in all 50 states and 60 countries, with global sales topping $22 billion. Ace's unique cooperative business model offers local entrepreneurs the ability to become owners of their local store operation, and also become one of a limited number of shareholders of Ace Hardware Corporation.
In 2024, Ace commemorates 100 years through ongoing celebrations and innovative product launches, including Loud Mouth Barbeque, its first line of barbeque sauces and seasonings, as well as Ace Vintage Threads, its first line of apparel that features the heritage of Ace logos dating back to 1924.
