PUBLIC COMPANY; YEAR ESTABLISHED: 1926
REVENUE: $900 million
John S. Venhuizen, CEO and president; William M. Guzik, CFO, chief risk officer and executive VP; J. Thomas Glenn, president of East Tennessee and Northwest Georgia; Kerilyn M. Johnson, VP, general counsel and secretary; Lori L. Bossmann, executive VP of supply chain and retail support.
For its first 50 years in business, Ace was privately held. In 1976, Ace became a retailer-owned cooperative. Each store is independently owned and operated by local entrepreneurs. Today, Ace is the largest retailer-owned cooperative in the hardware industry in terms of wholesale and retail sales and strength of the brand. Ace’s 4,600 stores in all 50 states and more than 60 countries generate annual retail sales of approximately $12 billion. Headquartered in Oak Brook, Illinois, Ace currently operates 14 distribution centers in the U.S. and one in Shanghai, China. Ace employs approximately 4,500 corporate team members worldwide and has four regional offices, located in Raleigh, NC; Atlanta, GA; Denver, CO and Woodridge, IL.
Ace Hardware ranked “Highest in Customer Satisfaction among Home Improvement Retail Stores” in a tie in the J.D. Power 2019 U.S. Home Improvement Retailer Satisfaction Study. Since J.D. Power began surveying the home improvement industry in 2007 Ace Hardware has achieved this ranking 12 out of the last 13 years.
The 2019 J.D. Power study is based on responses from nearly 2,433 consumers who have purchased home improvement products or services over the past 12 months. Ace ranked highest among major retailers with an overall satisfaction index score of 840 on a 1000-point scale. According to surveyed consumers, Ace performs particularly well in the category of Staff and Service.This year’s score is based on overall performance in five areas: Merchandise, Price, Sales and Promotions, Staff and Service, and Store Facility.
“Receiving this recognition from J.D. Power and our customers once again is a tremendous honor. We are humbled to receive this award which reflects our Ace owners’ passion for their neighbors and the outstanding service they and their red-vested heroes seek to provide every customer, every time,” said John Venhuizen, president and CEO, Ace Hardware Corporation.