Tag: Ace Hardware

Ace Hardware Acquires The Grommet

Posted on October 4, 2017 by - Blog

Ace Retail Analytics The Grommet

Ace Hardware announced it’s acquisition of The Grommet this week. Ace Hardware and The Grommet first began working together in 2016 as part of a collaboration to bring new, unique and otherwise undiscovered products from independent entrepreneurs, also known as Makers, into select Ace stores. Successful products shared via The Grommet include FitBit, OtterBox and SodaStream. Both companies will have equity in The Grommet, with Ace having majority ownership.

“Ace’s expansive supply chain and network of 5,034 stores coupled with The Grommet’s innovative product discovery platform combine to give dreamers, inventors, innovators and Makers a sustainable, high quality path to meaningful growth, without having to bow down to the altar of Amazon,” Ace CEO, John Venhuizen, said.

Ace store analytics show the value in this partnership of brick and mortar stores with the digital platform. Current customers of The Grommet visit Ace stores over 50% more times more than the average Ace rewards customer, and spend 2.8 times as much in purchases at the stores.

Accelerated Analytics can provide vendors with item and store retail analytics for Ace Westlake and Ace Corporate stores. Contact us to learn more.

Sources: Chain Store Age, Chicago Sun Times, Ace Hardware

Westlake Ace Hardware Hits 100-Store Milestone

Posted on June 29, 2017 by - Blog

Ace Hardware ExpandsTwo new Westlake Ace Hardware stores in Omaha, Nebraska, have brought the store total for this conglomerate of Ace Hardware Stores to 100. The stores were originally Q.P. Ace Hardware Stores, and they will be rebranded with the new ownership name, while keeping personnel the same. Q.P. Ace Hardware will continue to won four other locations in Nebraska, outside of Omaha. Says Westlake Ace Hardware CEO, Tom Knox, “Westlake was founded 112 years ago and has been growing ever since. A big part of their expansion strategy has been to make acquisitions that make sense for our customers and our business as a whole.”

Accelerated Analytics can provide Westlake Ace and Corporate Ace Hardware stores POS reporting and analysis tools to vendors. Hardware and home vendors with products like cleaning supplies, fasteners, tools, paint and plumbing and electrical supplies can get easy access to item-store data to address inventory and sales on a weekly basis.

Source: Chain Store Age

Ace Hardware Announces New Distribution Center in PA

Posted on May 1, 2017 by - Blog

Ace Hardware Corporation, with 5,000 locally owned and operated stores in all 50 states and 60 countries, announced Thursday it will be opening a 1.1 million square-foot distribution center in Bethel Township, PA. The company is investing $20M to create the DC, and will serve stores in Pennsylvania, New York, New Jersey and Washington, DC. The new distribution center will create 208 full-time jobs over the next 3 years.

Lori Bossman, executive VP for supply chain, inventory replenishment and retail support, stated, “The opening of our new distribution center will create operational efficiencies across our entire supply chain network. Stores serviced from this facility will benefit from the stocking of thousands of products and a more streamlined approach to merchandise distribution.”

In addition to The Home Depot, Lowe’s and other DIY retailers, Accelerated Analytics now has insightful Ace Corporate sales and forecast data to add to its customers reporting and analysis tool for 1800 US Ace corporate stores. Contact jennifer@acceleratedanalytics.com to find out more about this exciting opportunity to incorporate Ace Hardware into your weekly reporting, and check out our DIY Solutions page on our website to learn more about how this reporting can help your Account Executives, Marketing and Planning Executives, Field Sales Reps and IT department use our expert POS analysis and tools to respond faster to consumer trends, optimize inventory at your DIY retailers and increase overall sales.

Source: Wall St. Journal