Ace grows more strongly in the second quarter

Ace Hardware, the globally active US cooperative, increased its sales in the second quarter (to 29 June 2013) by 9.7 per cent to US $ 1.1743 bn. Retail sales on a comparable store area grew by 5.3 per cent. Due to a weaker first quarter, the increase in sales for the first six months as a whole was 6.0 per cent to US $ 2.0975 bn. The increase in like-for-like terms was 3.0 per cent. This figure has reportedly been rising continuously in the last few months and increased from 6.1 per cent in June to 9.8 per cent in July.