OAK BROOK, Illinois., October 1, 2021 / PRNewswire / – Ace Hardware, the world’s largest retailer-owned computer hardware cooperative, rose from 5th to 4th place in the annual Franchise Times Top 400 * list. The Franchise Times’ Top 400 List is an annual ranking of the 400 largest franchise systems in United States by overall system sales, based on the performance of the previous year.
Ace Hardware has consistently placed in the top 10 of the prestigious list, securing its highest position on the list at No.4 this year. Ace Hardware is ranked among other world famous companies including McDonalds, 7-Eleven, and KFC. Ace overtook Burger King to claim fourth place, increasing sales by over 21%, which equates to a $ 3.5 billion to augment. Ace’s growth marks the best increase in dollar sales of any franchise last year.
As a core business, Ace accelerated a digital strategy that helped catapult the company to fourth place. “We have moved forward at a breakneck pace to enable three main phases of our digital strategy. Phase 1: Quick fixes (order tracking and cancellation, and integration of Ace rewards), Phase 2: Game changers (order pickup process and mainstream mobile app) and Phase 3: Transformation (mobile help and white glove service last mile). Our Marketing, Digital and IT teams have worked tirelessly to bring more than 660 enhancements to our platform to market when our stores and customers need them most and continue to need them most, ”said John surane, Executive Vice President, Head of Marketing and Sales at Ace Hardware Corporation.
In addition, Ace is on track to open more than 170 new stores this year alone and has opened more than 900 stores in the past five years, helping to exceed global sales by more than $ 20 billion.
“Ace is honored to be recognized by Franchise Times as one of the best franchises in 2021, and we are thrilled to be embarking on the 4e position on this impressive list, ”said Jean Kittell, Vice President of Retail Operations and New Business at Ace Hardware Corporation. “The incredible growth we have experienced not only this year, but over the past five years, is a testament to the commitment and leadership of our independent store owners who work hard to provide exceptional customer service every day to serve their neighbors. and support their local communities. “
Ace Hardware is a retail owned cooperative where independent owners operate the majority of locations. Although Ace is sometimes thought of as a franchise system, Ace “franchisees”, or retailers, not only own their individual stores, but also serve as shareholders in the organization. Unlike a traditional franchise operation, Ace hardware store owners pay no ongoing franchise or royalty fees.
For more information on investment opportunities with Ace Hardware, visit www.myace.com.
About Ace hardware
Ace Hardware is the world’s largest retail-owned hardware cooperative with more than 5,500 locally owned and operated hardware stores in approximately 70 countries. Based at Oak Brook, Illinois, Ace and its subsidiaries operate an extensive network of distribution centers in the United States and have distribution capabilities in Ningbo, China; Colon, Panama; and Dubai, United Arab Emirates. Since 1924, Ace has become a part of local communities around the world and is known as the place with people with useful material. For more information, visit acehardware.com or newsroom.acehardware.com.
Contact: Katie Heraty, [email protected]
SOURCE Ace Hardware Corporation