Ace Hardware Corporation – Member Profile
Corporate NIHAA Member
About Ace Hardware Corporation
Ace Hardware Corporation is an American hardware retailers’ cooperative based in Oak Brook, Illinois, United States. It is the world’s largest hardware retail cooperative, and the largest non-grocery American retail cooperative. Founded in 1924 as “Ace Stores”, the company changed its name to “Ace Hardware Corporation” in 1931. It grew dramatically following World War II, more than tripling its sales between the late 1940s and 1959. After the retirement of longtime president and founder Richard Hesse in 1973, Ace was sold to its retailers, becoming a retailer-owned cooperative.
It first reached $1 billion in wholesale sales in 1985 and $5 billion in 2015. As of 2019, it has over 5,200 locations in 60 countries. Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and the United Arab Emirates.
Ace Hardware Corporation
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| Type | Retailers’ cooperative, Private |
| Industry | Hardware stores |
| Founded | Chicago, Illinois, U.S. (1924; 97 years ago) |
| Founders |
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| Headquarters | Oak Brook, Illinois, U.S. |
| Number of locations | Over 5,200 (2019)[1] |
| Area served | International[2] |
| Key people | John Venhuizen (president and CEO); Jim Ackroyd (chairman of the board) |
| Revenue |  US$ 5.125 billion (2016) |
| Operating income | US$ 170.3 million (2016) |
| Net income | US$ 161.2 million (2016) |
| Total assets | US$ 1.729 billion (2016) |
| Total equity | US$ 533.3 million (2016) |
| Number of employees | 7,577 (2019)[2][3] |
| Website | acehardware.com
acehardware.co.id (Indonesia) |