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Home > Company Index > Retail > Building Materials & Gardening Supplies Retailing & Wholesale > Ace Hardware Corporation

Ace Hardware Corporation
 NEWS FROM THE STANDARD
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 PROFILE
Ace is the place for thousands of hardware retailers. The nations' #2 hardware cooperative (behind TruServ), Ace Hardware operates about 5,000 hardware stores in the US and about 65 other countries. The co-op distributes to its retailers from more than 20 wholesale warehouses and backs dealers with national advertising, insurance, and training. Dealers receive dividends from Ace's profits. Ace also manufactures paint and offers hardware and household items under the Ace brand. Formed in the 1920s, Ace has responded to strong competition from warehouse-style rivals The Home Depot and Lowe's by remodeling its stores and updating its image.

 COMPETITION
The Home Depot, Inc. (HD)
Lowe's Companies, Inc. (LOW)
TruServ Corporation (dossier)

 DEALS
Deal: OurHouse.com Allies With Ace Hardware
Date Announced: 10.08.99
Value of transaction (US $Mil): 100
Description: Online home-improvement service provider and hardware retailer team to create a Net-based hardware retail and fulfillment operation.

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,945.20
1-Yr. Sales Growth: (7.4)%
Employees: 5,513
Revenue per employee: $534,228.19

 KEY PEOPLE
• David F. Hodnik
    CEO
• Rita D. Kahle
    CFO

 CONTACT INFO
2200 Kensington Ct.
Oak Brook, IL 60523
US
Phone: 630-990-6600
Fax: 630-990-6838
Online: Web Site

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