Ace Hardware Article Index for
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Information About

Ace Hardware




Ace Hardware is a Hardware Store that was formed in 1924 by Richard Hesse , E. Gunnard Lindquist , Frank Burke and Oscar Fisher in Chicago , Illinois . The company became a cooperative in 1973. By 1976 Ace became a Retailers' Cooperative . Independent owners became dealer-owners and shareholders in the company. Because it's a co-op and not a franchise, each Ace 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 identical. This is causing much resistance from the smaller stores because of the cost of the program.

As of 2005 , the $13 billion retail hardware Cooperative contains over 4,600 independent stores throughout the United States and in 70 different countries. Ace Hardware was named after the Ace fighter pilots of World War I , who were able to overcome all odds.

Their long-time slogan — ''The helpful hardware place'' — has been replaced by ''The helpful place''. Another change came when their 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 Madden , a former NFL coach and announcer.
Prior to John Madden, Suzanne Somers was a spokesperson for Ace Hardware but was dropped because of a previously issued topless poster for an unknown sporting goods brand. 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. Hodnik had served as ACE's leader since 1996. Tom Glenn serves as Chairman of the Board. ACE Hardware Corporation now does over $3 billion in hardline sales and $100 million in net profits.


ACTIVITIES PER COUNTRY


  • Israel , established 1993 {Link without Title}

  • Philippines , affiliated with SM holdings

  • United States , established 1924

  • United Arab Emirates - Part of the Al Futtaim Group

  • Mexico

  • Peru , established 1989 - Part of Banco Vivensa Group

  • ---In Peru the company under the name of Ace Home Center Maestro or just '''Ace Home Center''' has 7 stores in Lima and there is a plan for opening one store in Arequipa in 2008 . An store located on San Isidro District in Lima had a terrible accident on early 00s, the store burned an everything inside was lost, the store had to be demolished. The slogan used in Peru is: '''Todo tiene solución al precio mas bajo''' (''Everything has solution at the lowest price'').



EXTERNAL LINKS



Online Stores



Retailers

(These sites operate autonomously from the cooperative retailer's online store located at acehardware.com.)