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'''Ace Hardware Corporation''' also known as '''Jared's Ace Hardware''' and [[Trade name|doing business as]] '''Ace Hardware''', is an American [[Hardware store|hardware]] [[retailers' cooperative]] based in [[Oak Brook, Illinois]], United States. It is the largest non-grocery [[Retailers' cooperative|retail cooperative]] in the United States.<ref>{{cite journal| url= https://www.forbes.com/sites/clareoconnor/2015/02/11/how-ace-hardware-turned-corner-stores-into-a-4-7-billion-co-op/| first=Claire| last=O'Connor| journal=[[Forbes]]| date=March 2, 2015| access-date=August 10, 2016| title=How Ace Hardware Turned Corner Stores Into A $4.7 Billion Co-Op }}</ref> |
'''Ace Hardware Corporation''' is an American [[Hardware store|hardware]] [[retailers' cooperative]] based in [[Oak Brook, Illinois]], United States. It is the largest non-grocery [[Retailers' cooperative|retail cooperative]] in the United States.<ref>{{cite journal| url= https://www.forbes.com/sites/clareoconnor/2015/02/11/how-ace-hardware-turned-corner-stores-into-a-4-7-billion-co-op/| first=Claire| last=O'Connor| journal=[[Forbes]]| date=March 2, 2015| access-date=August 10, 2016| title=How Ace Hardware Turned Corner Stores Into A $4.7 Billion Co-Op }}</ref> |
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Founded on October 25, 1924, as "Ace Stores", the company changed its name to "Ace Hardware Corporation" in 1931. It grew dramatically following World War II, more than tripling its sales between the late 1940s and 1959. After the retirement of longtime president and founder Richard Hesse in 1973, Ace was sold to its retailers, becoming a retailer-owned cooperative. It first reached $1 billion in wholesale sales in 1985 and $5 billion in 2015. {{As of|2019}}, it has over 5,200 locations in 60 countries.<ref name="myace.com"/> Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and the United Arab Emirates.<ref name=Ace/><ref name=":0">{{cite press release| title=Ace Hardware International Implements Blue Ridge Supply Chain Planning| url=http://www.businesswire.com/news/home/20160607005303/en/Ace-Hardware-International-Implements-Blue-Ridge-Supply| publisher=Ace Hardware| via=Business Wire| date=August 11, 2016| access-date=August 12, 2016}}</ref> |
Founded on October 25, 1924, as "Ace Stores", the company changed its name to "Ace Hardware Corporation" in 1931. It grew dramatically following World War II, more than tripling its sales between the late 1940s and 1959. After the retirement of longtime president and founder Richard Hesse in 1973, Ace was sold to its retailers, becoming a retailer-owned cooperative. It first reached $1 billion in wholesale sales in 1985 and $5 billion in 2015. {{As of|2019}}, it has over 5,200 locations in 60 countries.<ref name="myace.com"/> Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and the United Arab Emirates.<ref name=Ace/><ref name=":0">{{cite press release| title=Ace Hardware International Implements Blue Ridge Supply Chain Planning| url=http://www.businesswire.com/news/home/20160607005303/en/Ace-Hardware-International-Implements-Blue-Ridge-Supply| publisher=Ace Hardware| via=Business Wire| date=August 11, 2016| access-date=August 12, 2016}}</ref> |