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July 29, 2015 10:16 AM ET

Specialty Retail

Company Overview of Ace Hardware Corporation

Company Overview

Ace Hardware Corporation operates as a retailer-owned hardware cooperative worldwide. It engages in the wholesale of a range of products, including electrical, paint and solvents, hand tools, plumbing, and lawn and garden power equipment. The company also provides value-added services, such as advertising, marketing, and merchandising services to its retail members. It markets its products primarily to retailers that operate hardware stores and with whom the company has a retail membership agreement in the United States. In addition, the company distributes hardline products for independent lumber, paint, industrial, and hardware outlets in the northeast; and provides propane. Further, it of...

2200 Kensington Court

Oak Brook, IL 60523

United States

Founded in 1924

Key Executives for Ace Hardware Corporation

Chief Executive Officer and President
Age: 45
Chief Financial Officer, Chief Risk Officer and Executive Vice President
Age: 55
President of East Tennessee and Northwest Georgia
Age: 56
Vice President, General Counsel and Secretary
Executive Vice President of Supply Chain and Retail Support
Age: 54
Compensation as of Fiscal Year 2015.

Ace Hardware Corporation Key Developments

Ace Hardware Corporation to Expand A New Retail Support Center in Saratoga County At 55 Northern Pines Road in Gansevoort, New York

Ace Hardware Corporation will expand with a new Retail Support Center in Saratoga County at 55 Northern Pines Road in Gansevoort, New York. The soon-to-be expanded facility, part of the organization's supply chain network of facilities strategically located across the globe, is made possible with Empire State Development's Excelsior Jobs Program investment of up to $500,000 for Ace Hardware's commitment of 25 new jobs to the region. Ace warehouses supply merchandise to the more than 4,800 Ace Hardware retail stores worldwide.

Ace Hardware Corporation Names Rick Williams as Vice President of Information Technology

Ace Hardware Corporation has named Rick Williams as vice president of information technology, or IT. Reporting to Ace's CFO, Williams will play an integral role in further driving strategic technology and systems management for Ace to shape business functions and deliver significant return on investments. Williams joined Ace Hardware in 1988 as a software developer within IT. He worked within the retail division of IT for more than 15 years and has worked with and supported every department at Ace over his career. He has held various positions within the organization, including Director of Software Engineering and most recently, Senior Director of IT Business Systems.

Ace Hardware Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 4, 2015

Ace Hardware Corporation reported unaudited consolidated earnings results for the first quarter ended April 4, 2015. For the quarter, total revenues were $1,186.1 million against $1,078.7 million a year ago. Operating income was $31.9 million against $26.5 million a year ago. Net income attributable to Ace Hardware Corporation was $29.9 million against $24.4 million a year ago. Net cash used in operating activities was $71.5 million against $42.8 million a year ago. Purchases of property and equipment were $8.3 million against $7.0 million a year ago.

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