Ace Hardware Opens 105 Stores in 2022, and Counting
Retail Leader Staff
Ace Hardware recently celebrated the opening of its 105th new store in 2022. The retailer-owned hardware cooperative expects to open at least 60 more new stores by the end of the year, according to a news release.
To keep pace with the growth, Ace continues to invest in expanding its distribution network to house more inventory closer to the growing number of Ace stores and customers. The company plans to add 4.4 million square feet of capacity to its distribution network by opening three new warehouses in the next five years. That's in addition to the more than 2.5 million square feet it's added in the past four years, per the release.
"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've integrated our digital efforts with our physical assets. Seventy percent of Acehardware.com orders are picked up in store and 20% 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 $20 billion. In the past five years, Ace has opened more than 840 stores.