{"id":12028,"date":"2019-04-19T12:38:49","date_gmt":"2019-04-19T16:38:49","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=12028"},"modified":"2019-04-19T12:38:49","modified_gmt":"2019-04-19T16:38:49","slug":"growth-plan-continues-pay-off","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2019\/04\/growth-plan-continues-pay-off\/","title":{"rendered":"Growth Plan Continues to Pay Off"},"content":{"rendered":"

Founded in 1905 and partnered with Ace Hardware Cooperative since 1959, Westlake Ace Hardware<\/strong> is one of the country\u2019s oldest and most successful hardware stores. After 22 years in the company, Tom Knox announced his retirement as CEO, and in April 2018 Joe Jeffries was appointed the new president and CEO. Though Jeffries was stepping into a new role in the company, his knowledge and understanding of Westlake\u2019s growth plan was something he was familiar with, having come from the position of Westlake’s COO. Earlier that year Westlake had finalized the purchase of three hardware chains which expanded their footprint into the hardware industry considerably.<\/p>\n

Jeffries continues Westlake\u2019s growth in 2019, starting the year strong by opening a new store in Parkville, MO. Using data collected by CSG\u2019s analytic team<\/a>, we can see a huge increase in both sales and number of units in the last five years.\u00a0 Between the end of 2014 and 2018, the retailer increased its sales by an impressive 31.7% and opened 38 stores. On average, Westlake Ace Hardware is increasing their locations by nearly 10% per year and 7% in sales. Below are CSG\u2019s predictions<\/a> if Westlake continues on the same dramatic incline of growth.<\/p>\n

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