News | Up 6.2 per cent
BackAce over 6 billion dollars for the first time
The headquarters of Ace Hardware, the largest retail-owned hardware cooperative, has exceeded the USD 6 bn mark with its annual sales for the first time. In financial year 2019, the company made sales of USD 6.0712 bn (EUR 5.6019 bn), thus 6.2 per cent more than last year. Of this, USD 5.5645 bn (EUR 5.1344 bn) was attributed to the wholesale business (up 4.1 per cent) and USD 506.7 mio (EUR 467.5 mio) to the stores operated by the headquarters (up 35 per cent).
Overall, 5 366 stores (end of 2019) belong to the cooperative after 208 stores were added during the year and 95 ceased. Around 810 stores are operated by retailers in around 65 countries outside of the USA.
For the store network in the USA, the headquarters reported only the growth rates on the basis of the feedback from around 3 200 associated traders. According to this, the same-store sales grew last year by 2.8 per cent as a result of a 2.6 per cent increase in average ticket and a 0.2 per cent increase in same-store transactions.
Sales through the online shop under acehardware.com rose by 59 per cent.
- From Lowe‘s Peavey Industries acquires Ace Canada
- First opening in 2021 Ace Hardware announces expansion to Mexico
- Overall growth 30.7 per cent Plus 221 per cent at acehardware.com in third quarter
- Sales up 12.5 per cent Subdued growth in 2019 for Ace Hardware Indonesia
- Same-store sales up 35 per cent Ace Hardware reports record growth in the second quarter
Latest news
Woodie’s DIY grows like-for-like by 17 per cent in 2020
The Irish DIY store chain Woodie's DIY has completed the year 2020 with a plus in like-for-like sales of 17.2 per cent. In November and December View news...
Kingfisher continues to grow in double-digit figures in November and December
The British Kingfisher group has reported continued double-digit growth rates. However there are negative outliers in several countries due to the View news...
French DIY industry works on its supply chain
The Covid-19 pandemic has revealed significant weaknesses within the logistics of the French home improvement industry. After a survey among View news...
Snowstorm forces several DIY stores in Spain to close
Due to snowstorm Filomena, which has brought snow and cold weather to major parts of Spain, several DIY stores have also had to close, in particular View news...
DIY International 4/2020

Actual figures
Statistics Home Improvement Europe
![]() |
|
Post a comment
* Please complete the areas marked in red correctly and in full!.