Ace Hardware is one of the world’s largest hardware retailers, with over 4,600 stores in 60 countries. The company was founded in 1924 by Richard Hesse and Frank Ace, and is headquartered in Oak Brook, Illinois, United States. Ace Hardware is a member of the Ace Hardware cooperative, which allows it to procure merchandise at bulk discounts and pass the savings on to customers.
The company has been expanding rapidly in recent years, with new store openings in the United States, Canada, Mexico, China, India, and the Philippines. In 2017, Ace Hardware acquired U.S.-based hardware chain True Value Company for $2.5 billion. The acquisition added 2,000 stores to Ace Hardware’s portfolio and made it the largest hardware retailer in the world.
Ace Hardware has been investing heavily in digital transformation initiatives in recent years. In 2018, the company launched a new e-commerce platform called Ace Hardware Direct. The platform allows customers to order products online and pick them up at their local Ace store. Ace Hardware is also piloting a new program called Shop from Store, which allows customers to shop for products online and then have them delivered to their local store for pick-up.
The company plans to continue its expansion into new markets and invest in digital transformation initiatives in order to drive growth. Thanks to these efforts, Ace Hardware is well-positioned for continued success in the future.
Conclusion: Yes, Ace Hardware is expanding rapidly with new store openings and acquisitions around the world. The company is also investing heavily in digital transformation initiatives to drive growth.
