Ace Hardware: Inventory shortfall

Ace Hardware, America’s largest cooperative, has discovered a discrepancy of US $ 154 mio in the company’s records. The shortfall, which dates back five years, was uncovered during an audit as part of the preparations for conversion to a conventional corporation. According to Ace CEO Ray Griffith, this plan has been put on hold for the time being. You can find a detailed report on developments at Ace Hardware under the Trade Topics heading at DIYglobal plus (v. Other articles on this subject).