Ace Hardware Plans to Open More Than 170 Stores This Year

Ace Hardware has already opened 130 new stores in 2022 and plans to open at least 40 more in Q4 for a total of more than 170 by the end of the year.

Ace operates over 5,600 independently owned hardware stores across all 50 states and 65 countries, with global sales exceeding $20 billion.

“With 130 new stores already open for the year, we remain enthusiastically bullish about the continued prospect for new store growth,” said John Venhuizen, president and CEO of Ace Hardware.

“I applaud our local Ace owners for integrating our digital efforts with our physical assets at such a rapid pace.” Seventy percent of acehardware.com orders are picked up in store, and 20% are delivered to customers by our own red-clad heroes, proving the value and importance of our neighborhood stores.”

Ace has opened more than 900 stores globally in the last five years, while paying out $314 million in dividends and providing a 43% return to Ace shareholders in 2021, according to the company.