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...
by Mike Duff | Jun 23, 2023 | Retail Articles
Ace Hardware Corp. announced plans to open a new Retail Support Center in Kansas City, MO, spanning approximately 1.5 million square feet. Ace expects it to be fully operational in 2025. Ace Hardware is building the new facility to balance its current distribution...
by Mike Duff | May 18, 2023 | Retail Articles
Unseasonable weather was a contributing factor to the first sales and profit decline at Ace Hardware Corp. in more than six years, the cooperative asserted. In the first quarter, Ace recorded net income of $66.2 million, a decrease of 44.7% or $53.6 million, from the...
by Mike Duff | Feb 17, 2023 | Retail Articles
Although the Massachusetts Institute of Technology comes in first, the top retailer in the Forbes America’s Best Large Employer study was H-E-B at number five. Among retailers, Trader Joe’s at 16 and Costco Wholesale at 25 come in next. Wegmans at 44 and...
by Mike Duff | Feb 15, 2023 | Retail Articles
Costs hit the Ace Hardware Corp. bottom line in the fourth quarter despite comparable and total sales gains. In the fourth quarter, Ace net loss was $4 million versus company net income of $9.9 million in the year-earlier period, the company stated. The 3,600 Ace...
