Ace Hardware, the largest retailer-owned hardware cooperative in the world, recently celebrated the opening of its 105th new store in 2022, with plans to open at least 60 more by year-end.
The company plans to add 4.4 million square feet of capacity to its distribution network by opening three new warehouses in the next five years. It already has opened 2.5 million square feet in the past four years.
“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. “Seventy percent 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.”
Ace operates more than 5,600 locally owned hardware stores in all 50 states and 70 countries, with global sales topping $20 billion. Ace has opened more than 840 stores in the past five years.
