Ace Hardware Opens More Than 100 New Stores in 2022

Oak Brook, Ill.-based Ace Hardware, the largest retailer-owned hardware cooperative in the world, has opened more than 840 stores in the past five years, and it recently announced the opening of its 105th new store in 2022. The company expects to open an additional 60 more new stores by the end of the year.

“With over 100 new stores already opened for the year, we remain enthusiastically bullish about the continued prospect for new store growth,” says Ace Hardware President and CEO John Venhuizen.

To keep pace with its continued growth, the retailer continues to invest in expanding its distribution network to house more inventory closer to Ace stores and customers. The company plans to add 4.4 million square feet of capacity to its distribution network by opening three new warehouses in the next five years.

Ace operates more than 5600 locally owned hardware stores in all 50 U.S. states and 70 countries, with global sales topping $20 billion annually.