February 25, 2015

Oak Brook, Illinois-based Ace Hardware Corporation announced a record-breaking performance for fiscal 2014, as it pointed to 201 new domestic stores. 

January 5, 2015

Founded in 1883, and based in Spokane, Wash., Jensen Distribution Services is a wholesale hardware distributor with approximately $150 million in wholesale revenue that serves more than 2,000 customers in 11 western states.

December 23, 2014

Dan Miller has been named VP retail operations and new business, while Brian Wiborg will assume the role of VP retail development and supply.

December 11, 2014

Oak Brook, Illinois-based Ace Hardware reported November same-store sales were up 9.9% over November 2013.

November 12, 2014

Describing its third-quarter performance as record-breaking, Oak Brook, Illinois-based Ace Hardware Corp. reported total revenues of $1.13 billion for the third quarter of 2014, an increase of 9.1%, from the third quarter of 2013.

Net income was $37.3 million for the third quarter of 2014, up 8.4%.

September 22, 2014

Orlando, Florida -- With Internet sales growing faster than other channels across the U.S. retail scene, Ace Hardware rolled out a new Web-embracing deal for dealers.

In essence, retailers that sign up for Ace’s In-Store Pick Up service receive 100% profit on Internet sales, up from 70%.

September 17, 2014

Orlando, Florida -- Financing and technology were among the new-and-improved tools that Ace Hardware executives rolled out onto the stage of the Ace Hardware general session here Wednesday morning.

At the same session, the co-op rallied around the morning's slogan "Building Momentum," and executives had statistics to back it up.             

August 13, 2014

With heavy investment in its Paint Studio and a corresponding media blitz to promote it, wholesale sales at Ace Hardware Corp. jumped double digits in the second quarter, the co-op reported Wednesday morning.

July 31, 2014

How Ace makes a place for itself.

February 24, 2014

Houston -- Ace executives took the stage to deliver rousing speeches at the General Session of the Ace 2014 Spring Convention & Exhibits, congratulating retailers on a strong 2013 and outlining the co-op's vision for 2014 and beyond.

Ace even had a proprietary rock 'n' roll theme song dedicated to its strategic initiative, "20/20 Vision," which added a spirited component to a slide show presented at the session. "The view is worth the climb," crooned the singer.

February 20, 2014

Ace Hardware Corp. announced today that it has acquired Emery-Waterhouse, the Portland, Maine-based distributor of hardlines products for independent lumber, paint, industrial and hardware outlets. 

“The acquisition of Emery-Waterhouse serves as a tremendous catalyst to leverage wholesale purchasing power,” said John Venhuizen, president and CEO, Ace Hardware. “We are confident that both Ace retailers and Emery-Waterhouse customers will benefit from the additional scale and expanded assortments.”

February 19, 2014

Oak Brook, Ill.-based Ace Hardware Corp. reported total fiscal 2013 revenues of $4.2 billion, an increase of 8.2% over the previous year.

“2013 was a record year for the company," said John Venhuizen, Ace president and CEO. “We outperformed our operating plan, exceeding $4 billion in consolidated revenues and $100 million in net income for the first time in our history.”

December 10, 2013

The stakes are high for the nation’s independent retailers. And the competition is fierce. Stores around the country are fighting for their share of the housingmarket recovery in a highly promotional shopping environment.

November 13, 2013

Ace Hardware Corp. released its third-quarter earnings report today to the generally positive results of 8.9% growth in revenues since 2012, but more of the same in terms of income.

The hardware cooperative netted $1.0 billion in revenues for the third quarter, an increase of $84.4 million over the same quarter in 2012.

Meanwhile, net income came in at $34.4 million, little changed since 2012's figure of $34.3 million.

September 18, 2013

Jim Ackroyd, CEO of Vision Ace Hardware in Naples, Fla., will assume chairman-of-the board status at Ace Hardware Corp. in June 2014.

Ace Hardware, which underwent a CEO transition earlier this year as John Venhuizen replaced the retiring Ray Griffith, delayed the transition of the chairman position to mitigate disruption, according to the co-op.

Ackroyd will replace Dave Ziegler of Ziegler’s Ace, which has nine locations in Illinois. Vision Ace operates 11 locations in Florida.

September 10, 2013

Orlando, Fla. -- Ace Hardware CEO John Venhuizen took the stage in Orlando during the co-op’s Fall Convention and energetically spelled out reasons for Ace stores to be optimistic. He also declared: “We lack the luxury to stand still.”

August 14, 2013

Pointing to sales gains in virtually every department, Oak Brook, Ill.-based Ace Hardware Corp. reported second-quarter revenue growth of 9.7% -- to $1.74 billion from $1.07 billion. Net income increased to $42.3 million, compared with net income of $14.9 million in the same quarter last year.

CEO John Venhuizen said the co-op is pleased with the results so far in 2013. "Sales increased in virtually every department with significant growth at both wholesale and retail from our Discovery Edge, Level 3 merchandising re-sets and branding inititatives," he said. 

May 23, 2013

Oak Brook, Ill.-based Ace Hardware reported first-quarter revenues of $923.2 million, up 1.7% from the same quarter in 2012.

Net income of $4.4 million was down from $10.2 million earned in 2012.

April 8, 2013

From Ace's John Venhuizen

March 22, 2013

The Oak Brook, Ill.-based co-op reported fiscal 2012 revenues of $3.8 billion along with a strong fourth quarter.

March 15, 2013

On March 31, John Venhuizen will step from behind the scenes into one of the most front-and-center posts in the hardware business — that of CEO of Ace Hardware Corp. After standing and delivering a motivational presentation to thousands of dealers at the co-op's Spring Convention & Exhibits in New Orleans, he sat down with HCN.

HCN: What worries you as you step into the CEO role?

February 21, 2013

New Orleans -- Ace Hardware CEO Ray Griffith, who will step down as CEO in late March, gave his last general session talk to the collected membership of the co-op.

December 27, 2012

Oak Brook, Ill.-based Ace Hardware’s recent purchase of the 85-store Westlake Ace Hardware chain -- the co-op’s largest customer -- represented “good offense” and “good defense,” according to the co-op’s message to Ace retailers.

September 4, 2012

Ace Hardware president and CEO Ray Griffith announced his plans to retire from the hardware cooperative on March 31, 2013, and the company’s board of directors has named Ace’s chief operating officer John Venhuizen his successor.

Effective Sept. 1, 2012, Venhuizen assumed the role of president, while retaining his existing chief operating officer duties of Ace Hardware Corp. Griffith will maintain his role as CEO until his retirement.