Ace Hardware recently celebrated the opening of its 105th new store in 2022. The company expects to open at least an additional 60 more new stores by the end of the year. As stated in a communication from the largest retailer-owned hardware cooperative in the world, Ace continues to invest in expanding its distribution network to house more inventory closer to the growing number of Ace stores and customers, to keep pace with growth.
The company plans to add 4.4 mio square feet of capacity to its distribution network by opening three new warehouses in the next five years. That is in addition to the more than 2.5 mio square feet it has added in the past four years.
“With over 100 new stores already opened for the year, we remain enthusiastically bullish about the continued prospect for new store growth,” said Ace Hardware President and CEO, John Venhuizen. “I applaud our local Ace owners for the pace with which they have integrated our digital efforts with our physical assets. Seventy per cent of Acehardware.com orders are picked up in store and 20 per cent are delivered to customers by our own red vested heroes, thus further advancing the relevance and necessity of our neighborhood stores.”
Ace operates more than 5,600 locally owned hardware stores in all 50 states and 70 countries, with global sales topping USD 20 bn.