{"id":3670,"date":"2014-03-27T11:14:30","date_gmt":"2014-03-27T11:14:30","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=3670"},"modified":"2014-03-27T11:14:30","modified_gmt":"2014-03-27T11:14:30","slug":"company-snapshot-ace-hardware-corp-3","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2014\/03\/company-snapshot-ace-hardware-corp-3\/","title":{"rendered":"Company Snapshot: Ace Hardware Corp."},"content":{"rendered":"

Address<\/strong>:
\n<\/strong>2200 Kensington Ct.
\nOak Brook, IL 60523-2100<\/p>\n

Telephone<\/strong>:
\n<\/strong>630 990-6600<\/p>\n

Internet Homepage:<\/strong>
\nhttp:\/\/www.acehardware.com<\/a><\/p>\n

Total Annual Sales:
\n<\/strong>$4,154,200,000 <\/strong><\/p>\n

Senior Executives:
\n<\/strong>David Ziegler- Chairman of the Board
\nJohn Venhuizen- President, CEO<\/p>\n

 <\/p>\n

Ace is the perennial leader of the hardware cooperative segment of the industry. As a co-op the company boasts of its loyal member retailers who represent its entire client base.\u00a0 Of course, as co-op members, retailers are rewarded based on the volume of their annual purchases from Ace.<\/p>\n

Recently Ace Hardware reported its annual financials.\u00a0 Sales improved to $4,154.3 billion, up from $3,840.9 billion from 2012, for an 8.2% increase.\u00a0 As the category leader for the industry, Ace has managed annual sales increases each of the past four years, after two consecutive declines brought on by the recession.<\/p>\n

In December of 2012, Ace made headlines by acquiring its most prominent retail member, Westlake Hardware.\u00a0 These were and remain the co-op\u2019s only stores which are actually company owned.\u00a0 At the time of the acquisition, speculation arose as to whether Ace was entering a new phase of its business.<\/p>\n

At the time of the transaction, Ace stated that this was a unique acquisition and that the retailer\u2019s management team would remain intact and independent.\u00a0 While this seems to be essentially true, In January 2014, Ace appointed Tom Knox as Westlake\u2019s President and CEO.\u00a0 Previously, Knox had been VP Retail Business Development, Training and Supply at Ace\u2019s corporate headquarters.\u00a0 While Mr. Knox seems to have an excellent background to oversee Ace\u2019s number one retailer, his appointment is tailor made for Ace\u2019s corporate interests.<\/p>\n

Just a month ago Ace announced another acquisition.\u00a0 This, however, did not involve a retailer.\u00a0 Ace acquired Emery-Waterhouse, a 170 year old distributor of hardlines products and a profit minded stalwart of the industry.\u00a0 Here, Ace announced that this acquisition is intended to benefit members with an additional dedicated, efficient source of product for its co-op affiliates.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Address: 2200 Kensington Ct. Oak Brook, IL 60523-2100 Telephone: 630 990-6600 Internet Homepage: http:\/\/www.acehardware.com Total Annual Sales: $4,154,200,000 Senior Executives: David Ziegler- Chairman of the Board John Venhuizen- President, CEO   Ace is the perennial leader of the hardware cooperative segment of the industry. As a co-op the company boasts of its loyal member retailers… Continue reading Company Snapshot: Ace Hardware Corp.<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10],"tags":[15],"class_list":["post-3670","post","type-post","status-publish","format-standard","hentry","category-home-hardware","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/3670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=3670"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/3670\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=3670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=3670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=3670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}