Ace Hardware celebrated the opening of its 105th location.Th new store in 2022. The Hardware retailers cooperative expects to open at least 60 more new stores by the end of the year, according to a news release.
Ace continues to invest to expand its distribution network to allow Ace stores to stock more inventory and to keep up with customers’ growth. The company plans to add 4.4 million square feet to its distribution network by opening three new warehouses in the next five years. According to the release this will be in addition to the 2.5million square feet it has increased over the past four year.
“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. Ace has opened over 820 stores in the past five year.