by Mike Duff | Feb 14, 2024 | Retail Articles
Ace Hardware Corp. suffered a fourth-quarter sales slump, but leadership pointed to positives for the fiscal year in announcing financial results. The fourth quarter net income was $500,000 versus a net loss of $4.6 million in the fiscal year 2022. The approximately...
by Mike Duff | Nov 15, 2023 | Retail Articles
In the third quarter, Ace Hardware Corp. reported record revenues of $2.29 billion, up 2.5% from the year-before period. The cooperative posted net income of $130 million versus $100.6 million, while net income attributable to Ace Corporation was $130.5 million versus...
by Mike Duff | Oct 4, 2023 | Retail Articles
Walgreens and Ace Hardware are each planning fall promotions in a season that has been filled with promotions as retailing in the United States adapts to Amazon and its autumn Prime Big Deals Days on October 10-11. After a similar initiative in July, Walgreens...
by Mike Duff | Aug 23, 2023 | Retail Articles
In driving store growth, Ace Hardware has already opened over 100 new stores in 2023, and is planning to open more than 170 by the end of the year, the company indicated as it prepares for its annual convention. The company has opened more than 1,100 stores in the...
by Mike Duff | Aug 17, 2023 | Retail Articles
Although discretionary purchases have been soft lately for some retailers, Ace Hardware Corp. managed a solid quarter with comp sales and income gains. For the second quarter, the cooperative posted a net income of $126.7 million versus $124.8 million in the...
