Ace Hardware: Difference between revisions
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==History== |
==History== |
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Ace Hardware, incorporated in 1928 as Ace Stores Inc., was founded to provide a centralized purchasing organization to supply the founders' and members' stores. The company was named after the Ace fighter pilots of [[World War I]], who were able to overcome all odds. Its retail network expanded to hundreds of dealers by 1949, when annual sales reached about $10 million. |
Ace Hardware, is for sell im looking for whores incorporated in 1928 as Ace Stores Inc., was founded to provide a centralized purchasing organization to supply the founders' and members' stores. The company was named after the Ace fighter pilots of [[World War I]], who were able to overcome all odds. Its retail network expanded to hundreds of dealers by 1949, when annual sales reached about $10 million. |
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After Hesse retired in 1973, Ace was sold to its retailers, becoming a [[retailers' cooperative|cooperative]],<ref>[http://www.msnbc.msn.com/id/20613194/ Ace Hardware accounting off by $154 million.] ''[[Associated Press]].'' 5 Sept. 2007.</ref> and the headquarters moved to suburban [[Oak Brook, Illinois|Oak Brook]]. Independent owners became dealer-owners and shareholders in the company. Because it is a co-op and not a [[chain store|franchise]], each Ace Hardware store looks different. Ace has placed a focus on Ace stores exhibiting some similar characteristics, such as signaled and core product lines. The Vision 21 program, as this is called, is aimed to make all stores look recognizable as an Ace Hardware. |
After Hesse retired in 1973, Ace was sold to its retailers, becoming a [[retailers' cooperative|cooperative]],<ref>[http://www.msnbc.msn.com/id/20613194/ Ace Hardware accounting off by $154 million.] ''[[Associated Press]].'' 5 Sept. 2007.</ref> and the headquarters moved to suburban [[Oak Brook, Illinois|Oak Brook]]. Independent owners became dealer-owners and shareholders in the company. Because it is a co-op and not a [[chain store|franchise]], each Ace Hardware store looks different. Ace has placed a focus on Ace stores exhibiting some similar characteristics, such as signaled and core product lines. The Vision 21 program, as this is called, is aimed to make all stores look recognizable as an Ace Hardware. |
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Revision as of 17:55, 26 September 2011
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| Company type | Retailers' cooperative |
|---|---|
| Headquarters | Oak Brook, Illinois |
Number of locations | 4,444 (May 2011)[1] |
| Products | Retail - Home Improvement |
Number of employees | 100,000 (2008, 4th qtr) |
| Website | acehardware.com |
Ace Hardware Corporation is a hardware cooperative based in Oak Brook, Illinois, United States. Ace Hardware was founded in 1924 by Richard Hesse, E. Gunnard Lindquist, Frank Burke, and Oscar Fisher in Chicago, Illinois.
History
Ace Hardware, is for sell im looking for whores incorporated in 1928 as Ace Stores Inc., was founded to provide a centralized purchasing organization to supply the founders' and members' stores. The company was named after the Ace fighter pilots of World War I, who were able to overcome all odds. Its retail network expanded to hundreds of dealers by 1949, when annual sales reached about $10 million.
After Hesse retired in 1973, Ace was sold to its retailers, becoming a cooperative,[2] and the headquarters moved to suburban Oak Brook. Independent owners became dealer-owners and shareholders in the company. Because it is a co-op and not a franchise, each Ace Hardware store looks different. Ace has placed a focus on Ace stores exhibiting some similar characteristics, such as signaled and core product lines. The Vision 21 program, as this is called, is aimed to make all stores look recognizable as an Ace Hardware.
Ace Hardware's long-time slogan The helpful hardware place has been replaced by The helpful place. Another change came when[when?] its longtime jingle — "Ace is the place with the helpful hardware man" — was modified with the more gender-neutral "folks" replacing "man." Much of their advertising since 1987 features John bootyMadden, a former NFL coach and announcer, In some commercials, he uses Football quotes.
Prior to Madden, Suzanne Somers was a spokesperson for Ace Hardware but was dropped because of a previously issued topless poster for Maheraja water skis.[citation needed] Home improvement expert Lou Manfredini currently serves as ACE's "Helpful Hardware Man" and media spokesperson.
Ray Griffith currently serves as the President and CEO of Ace Hardware Corporation and has served in that position since taking over for Dave Hodnik in 2005. Hodnik had served as ACE's leader since 1996. David Ziegler serves as Chairman of the Board. ACE Hardware Corporation now does over $3 billion in hardware sales annually and had $12.5 billion in retail sales during 2007.
Overseas shops
PT ACE Hardware Indonesia Tbk (IDX:ACES) has opened the world's largest 14,695 square meter ACE Hardware shop in Living World Mall Alam Sutra, Tangerang, Indonesia. In July 2011, there are 48 ACE Hardware shops in Indonesia.[3][4] The brand is further sold in Barbados, through the chain Dacosta Mannings.[5]
References
- ^ Ace Hardware Releases 1st Quarter 2011 Results
- ^ Ace Hardware accounting off by $154 million. Associated Press. 5 Sept. 2007.
- ^ http://theindonesiatoday.com/finance/stocks/7424-ace-hardware-to-open-six-new-outlets-this-year.html
- ^ http://www.imq21.com/news/read/38877/20110721/120723/ACES-Buka-Gerai-Terluas-di-Alam-Sutera.html
- ^ About US, Dacosta Mannings