BNET Industries

Ace Hardware

Last Fiscal Year Sales:$3.4B

Private
US

Dow Jones Description

Dealer-Owned Hardware Cooperative

President & CEO

Ray A. Griffith

Number of Employees 1,000

Contact Information

2200 Kensington Ct

Oak Brook, Illinois 60523-2100

acehardware-ven...

(630) 990-6600

Peer Companies

NAICS Code Hardware Merchant Wholesalers: 423710

Recent Events

Ace posts 13.9% decline in Q3 sales

11/19/09 - Financial Announcement - View Story
TMS tools expand logistics procurement functionality

9/17/09 - Licensing / Contract - View Story
Dempsey family signs 10-year lease to open second ACE Hardware store

9/14/09 - Sites Leased - View Story
Ace Hardware, Activant Extend Point-of-Sale Partnership

8/19/09 - Joint Venture / Alliance - View Story

News & Analysis

ace hardware and sales - All News and Analysis

In Brief

- 2007-09-06

Ace Hardware shortfall Ace Hardware Corp. discovered an approximately $154 million shortfall on its books while preparing to convert from retailer- owned cooperative to for-profit corporation and likely will have to restate its financial results for the past five years, President and CEO Ray Griffith said Wednesday....

Tags: accounting, Ace Hardware, Associated Press, Chrysler LLC, Costco Wholesale Corp., SALES
First quarter sales up 7.4 percent at Ace Hardware.(NewsMakers: REPORTING ON THE INDUSTRY)

- 2006-06-01

Ace Hardware Corp. reported wholesale sales of $876.9 million for the first quarter ended April 1, 2006, which was a 7.4 percent increase compared to sales of $816.2 million for last year. Net earnings for the period were flat at $14.7 million. Ace Hardware...

Tags: sales, Ace Hardware
Third quarter sales rise 5.4 percent at Ace Hardware.(NEWSMAKERS)

- 2005-12-01

Ace Hardware Corp. reported that wholesale hardlines sales for the third quarter ended Sept. 30, 2005, were $855.2 million, 5.4 percent greater than sales of $811.2 million for the third quarter 2004. Net earnings for the third quarter were $29.9 mil Ace Hardware Corp. reported that...

Tags: Ace Hardware, sales
Ace Hardware posts record net income in 2004; plans new DC in Washington.(Newsmakers: reporting on the industry)

- 2005-04-01

Ace Hardware Corp. concluded its 80th anniversary milestone in 2004 with record net earnings for the second consecutive year. The co-op reported net earnings of $101.9 million on consolidated wholesale sales of $3.29 billion in 2004. Wholesale sales Ace Hardware Corp. concluded its 80th anniversary...

Tags: sales, earnings, net income, Ace Hardware
New decor spurs sales.(Store Design)(Seashore Ace Hardware)

- 2004-08-01

* Seashore Ace Hardware is nestled among the quaint shops and restaurants that make up the scenic seaside town of Stone Harbor, NJ., and the sights inside the store are no less impressive. Giant boats and colorful mansions line the streets leading in * Seashore Ace...

Tags: Ace Hardware, sales

Calling all shoppers.(Steve's Ace Hardware's mobile phone accessories.)(Brief Article)

- 2004-04-01

* Sixty six percent of Americans own cell phones and with skyrocketing phone sales come an increase in demand to accessorize them. Realizing the upward sales trend, Ron Menegon of Steve's Ace Hardware in St. Helena, Calif., figured he deserved a piec * Sixty six percent...

Tags: Ace Hardware, cell phone, mobile, phone, sales
Early bird holiday shoppers drive Ace sales success.(Late News)(Ace Hardware)(Brief Article)

- 2004-01-01

Ace Hardware reported that 34 percent of the sales of the promoted items in its third annual one-day sale, conducted on the Friday after Thanksgiving, were ... Ace Hardware reported that 34 percent of the sales of the promoted items in its third annual one-day sale,...

Tags: Ace Hardware, sales
Retailer uses a high-end presentation to maximize sales of low-end tools. (Niche Opportunities).(Bob's Ace Hardware in Rockford, Illinois)(Brief Article)

- 2003-06-01

* What started as a few tables to display entry price-point hand tools has become a full-fledged 34-foot tool bay at Bob's Ace Hardware in Rockford, Ill. * What started as a few tables to display entry price-point hand tools has become a full-fledged...

Tags: Ace Hardware, sales, tool
Local Focus.(Business)

- 2003-03-04

Ace Hardware posts sales, profit growth OAK BROOK - Ace Hardware Corp. said Monday its fiscal 2002 profit rose 12.3 percent to $82.1 million. Sales grew 3.6 percent to $3.029 billion, which Ace said solidified its spot as the largest volume member-owned cooperative in...

Tags: Ace Hardware, ConAgra Foods Inc., SALES, Strategy
Anthrax is a spoil spore for company

- 2002-03-01

A home test kit for anthrax looked like a sure cure for sickly Vital Living Products Inc. of Mattews. Then in November, FBI agents raided company headquarters, wanting to know where Vital Living got the anthrax it claimed had been used to prove the kits worked. A few days later,...

Tags: Ace Hardware, Government, Litigation, Retail, SALES, SEC

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Decision Makers

Name (plus bio)	Position
Ray A. Griffith	President & CEO
Rita D. Kahle	Executive Vice President
Arthur J. McGivern	General Counsel, Secretary & Senior Vice President
David F. Myer	Senior Vice President, Intl & Paint
Paul M. Ingevaldson	Senior Vice President, Intl & Technology
Daniel C. Prochaska	Vice President, Supply Chain
Jan Supler	Vice President, Retail
Jimmy Alexander	Vice President, HR
John Venhuizen	Vice President, Business Development
Kenneth L. Nichols	Vice President, Retail Operations
Lori L. Bossmann	Vice President, Mdsg, Advertising & Marketing
Michael A. Zipser	Vice President, Retail Development, New Business & Co Stores
Michael G. Elmore	Vice President, IT
Rick Affolter	Vice President, Finance
Rick Whitson	Vice President, Retail Support
Ronald J. Knutson	Vice President, Finance
William J. Bauman	Vice President, Retail Support
Doug White	General Manager
Rob Babiak	General Manager
Blanche Kallstrom	Owner
Bob Kallstrom	Owner
Bruce Abel	Owner
Carl Moses	Owner
James Fields	Owner
Ken Slavin	Owner
Richard Kruckenberg	Owner
Ron Elmore	Owner
Terry Valentine	Owner
William Harris	Owner
Angel L. Garcia	Director, Global Retail Operations
Bob Guido	Director, Retail Operations, Midwest
Jay Heubner	Director, Application Development
Maurice Adams	Director, Intl Licensees
Maurice Ademe	Regional Director, Asia, Pacific
Mel Gregory	Regional Director, Middle East, Africa, Canada
Rigo Diaz	Regional Director, Latin America, Caribbean
Rob Collins	Director, Global Supply Chain
Scott McLean	Director of Transportation
Scott Zirlin	Director, Retail Support, Northeast Region
Tim Rignell	Director, Retail Support, Midwest Region
Tony Fyfe	Director, Agd Asia, Ltd.
Andrea Almeida	Regional Sales Manager, South America, Spain, Canary Islands
Bob Brown	Regional Manager, Middle East, Africa
Carey Skoglund	National Logistics Manager
Carl Biggerstaff	Hardware Manager
Chris Parks	Manager
Christopher Boniface	Assistant Manager, Public Relations
Cindy Sullivan	Manager
Diane Flynn	Manager, Technology Business
Frank Murphy	Manager, Retail Technology Prods
Gary Paulson	Manager, General Mdse
George Schuster	International Finance Manager
Ismael Diaz	International Logistics Manager, Miami Airc
Joe Nylen	Sales Manager
Julio Martinez	New Business Manager, Latin America, Caribbean
Keith Moon	Purchasing and Inventory Manager
Lee Guillemette	Hardware Manager
Mary Shryock	Hardware Manager
Nick Russell	Retail Business Manager
Pablo Garrido	Regional Sales Manager, Mexico, Central America, Caribbean
Patrick Duschkin	Manager
Robert Ybarra	Regional Manager, Europe, Canada
Roger Smith	Manager
Terrance Howard	Corporate Freight Consolidation Manager
Tim Maust	Manager
Karena Stone	Assistant Controller
Randy Clavell	Controller, Gm
Alma Gonzalez	Marketing Assistant, Mexico, Central America, Caribbean
Anne Flynn	Executive Assistant
Barb Horazdovsky	Executive Assistant
Bill Rancic
Carm Discianno	Accounts Payable Supervisor
Darlene Card	International Merchandising Assistant
Debbie Williams	Transportation Coordinator
Debby Freiman	Executive Assistant
Donna Flenard	General Counsel
Gloria Guerrero	Senior Marketing Assistant, South America, Spain, Canary Islands
Jagoda Spaseski	Analyst I
Jan Sypniewski	Executive Assistant
Joe Menotti	Telecomm Supervisor
Jonice Parnell
Lyle Lee	International Associate Buyer
Meghan Allen	Merchandising Edi Administrator
Melissa Krch	Executive Assistant
Michelle Fligelman	Merchandising Assistant
Robin Rechenmacher	International Senior Staff Accountant
Rosa Serrano	International Merchandising Assistant
Sandy Brandt	Treasurer
Suzette Huggins	Executive Assistant
Tim Steiger	International Associate Buyer
Don Zimmerman	Director
Lon McAnally	Director
Ron McClinton	Director

Board of Directors

Name (plus bio)	Position
J. Thomas Glenn	Chairman
D. William Hagan	Board of Directors
Daniel L. Gust	Board of Directors
David S. Ziegler	Board of Directors
Eric R. Bibens	Board of Directors
Ernst Haberli	Board of Directors
Jeff Girard	Board of Directors
Jeffrey M. Schulein	Board of Directors
Jeffrey M. Schulien	Board of Directors
John M. Patricia	Board of Directors
Lori J. Terpstra	Board of Directors
Richard A. Karp	Board of Directors
Richard F Baalmann Jr	Board of Directors
Richard R. Baalmann	Board of Directors
Richard W. Stine	Board of Directors
William J. Bolton	Board of Directors

Organization	Position	Status
Ace Hardware Corporation	President & CEO	Current

Organization	Position	Status
Ace Hardware Corporation	Executive Vice President	Current
University of Illinois	Bachelor of Science Degree In Accounting	Former

Organization	Position	Status
Ace Hardware Corporation	General Counsel, Secretary & Senior Vice President	Current
Ace Hardware Corporation	Vice President	Former
First Union Securities	Officer, Retail	Former
Northwestern University School of Law	Degree	Former

Organization	Position	Status
Ace Hardware Corporation	Senior Vice President, Intl & Paint	Current

Organization	Position	Status
Ace Hardware Corporation	Senior Vice President, Intl & Technology	Current

Organization	Position	Status
Ace Hardware Corporation	Vice President, Supply Chain	Current
Ace Hardware Corporation	Retail Support Manager	Former
May Department Stores Co.		Former

Organization	Position	Status
Ace Hardware Corporation	Vice President, Retail	Current

Organization	Position	Status
Ace Hardware Corporation	Vice President, HR	Current
Ace Hardware Corporation	Inventory Analyst	Former
Bradley University	Bachelor of Science Degree In Marketing	Former

Organization	Position	Status
Ace Hardware Corporation	Vice President, Business Development	Current
Ace Hardware Corporation	Director, Business Development	Former

Organization	Position	Status
Ace Hardware Corporation	Vice President, Retail Operations	Current

Organization	Position	Status
Ace Hardware Corporation	Vice President, Mdsg, Advertising & Marketing	Current
Ace Hardware Corporation	General Accounting Manager	Former

Organization	Position	Status
Ace Hardware Corporation	Vice President, Retail Development, New Business & Co Stores	Current
University of Miami	Master of Business Administration Degree	Former
Hofstra University	Degree	Former

Organization	Position	Status
Ace Hardware Corporation	Vice President, IT	Current

Organization	Position	Status
Ace Hardware Corporation	Vice President, Finance	Current

Organization	Position	Status
Ace Hardware Corporation	Vice President, Retail Support	Current

Organization	Position	Status
Ace Hardware Corporation	Vice President, Finance	Current
Ace Hardware Corporation	Financial Reporting Manager	Former
Ace Hardware Corporation	Controller	Former
Illinois State University	Graduate	Former

Organization	Position	Status
Ace Hardware Corporation	Vice President, Retail Support	Current

Organization	Position	Status
Ace Hardware Corporation	General Manager	Current

Organization	Position	Status
Ace Hardware Corporation	General Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Owner	Current

Organization	Position	Status
Ace Hardware Corporation	Owner	Current

Organization	Position	Status
Ace Hardware Corporation	Owner	Current

Organization	Position	Status
Ace Hardware Corporation	Owner	Current

Organization	Position	Status
Ace Hardware Corporation	Owner	Current

Organization	Position	Status
Ace Hardware Corporation	Owner	Current

Organization	Position	Status
Ace Hardware Corporation	Owner	Current

Organization	Position	Status
Ace Hardware Corporation	Owner	Current

Organization	Position	Status
Ace Hardware Corporation	Owner	Current

Organization	Position	Status
Ace Hardware Corporation	Owner	Current

Organization	Position	Status
Ace Hardware Corporation	Director, Global Retail Operations	Current

Organization	Position	Status
Ace Hardware Corporation	Director, Retail Operations, Midwest	Current
Ace Hardware Corporation	Director, Retail Operations, Midwest	Former

Organization	Position	Status
Ace Hardware Corporation	Director, Application Development	Current
Ace Hardware Corporation	Director, Application Development	Former

Organization	Position	Status
Ace Hardware Corporation	Director, Intl Licensees	Current
Ace Hardware Corporation	Director, Intl Licensees	Former

Organization	Position	Status
Ace Hardware Corporation	Regional Director, Asia, Pacific	Current

Organization	Position	Status
Ace Hardware Corporation	Regional Director, Middle East, Africa, Canada	Current

Organization	Position	Status
Ace Hardware Corporation	Regional Director, Latin America, Caribbean	Current

Organization	Position	Status
Ace Hardware Corporation	Director, Global Supply Chain	Current

Organization	Position	Status
Ace Hardware Corporation	Director of Transportation	Current

Organization	Position	Status
Ace Hardware Corporation	Director, Retail Support, Northeast Region	Current
Ace Hardware Corporation	Director	Current

Organization	Position	Status
Ace Hardware Corporation	Director, Retail Support, Midwest Region	Current
Ace Hardware Corporation	Director	Current

Organization	Position	Status
Ace Hardware Corporation	Director, Agd Asia, Ltd.	Current

Organization	Position	Status
Ace Hardware Corporation	Regional Sales Manager, South America, Spain, Canary Islands	Current

Organization	Position	Status
Ace Hardware Corporation	Regional Manager, Middle East, Africa	Current

Organization	Position	Status
Ace Hardware Corporation	National Logistics Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Hardware Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Assistant Manager, Public Relations	Current

Organization	Position	Status
Ace Hardware Corporation	Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Manager, Technology Business	Current

Organization	Position	Status
Ace Hardware Corporation	Manager, Retail Technology Prods	Current

Organization	Position	Status
Ace Hardware Corporation	Manager, General Mdse	Current

Organization	Position	Status
Ace Hardware Corporation	International Finance Manager	Current

Organization	Position	Status
Ace Hardware Corporation	International Logistics Manager, Miami Airc	Current

Organization	Position	Status
Ace Hardware Corporation	Sales Manager	Current

Organization	Position	Status
Ace Hardware Corporation	New Business Manager, Latin America, Caribbean	Current

Organization	Position	Status
Ace Hardware Corporation	Purchasing and Inventory Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Hardware Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Hardware Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Retail Business Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Regional Sales Manager, Mexico, Central America, Caribbean	Current

Organization	Position	Status
Ace Hardware Corporation	Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Regional Manager, Europe, Canada	Current

Organization	Position	Status
Ace Hardware Corporation	Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Corporate Freight Consolidation Manager	Current

Organization	Position	Status
Ace Hardware Corporation	Manager	Current

As Executive Vice President since October 2000, Rita is responsible for the Merchandising, Finance, Human Resources, Administration and Strategic Planning for the company. She joined Ace in 1986 as an Assistant Controller. In June 1988, she was promoted to Controller, and in December 1991 was named Vice President, Controller. In December 1993 she was named Vice President Finance and in September 1997 was promoted to Senior Vice President Wholesale. A graduate of the University of Illinois, Rita earned a bachelor of science degree in accounting and became a Certified Public Accountant in 1978. Before joining Ace, she worked for Peat, Marwick, Mitchell & Co., where she spearheaded the audit team from 1978 to 1986.

Organization	Position	Status
Ace Hardware Corporation	Assistant Controller	Current
Ace Hardware Corporation	Executive Assistant	Current

Organization	Position	Status
Ace Hardware Corporation	Controller, Gm	Current

Organization	Position	Status
Ace Hardware Corporation	Marketing Assistant, Mexico, Central America, Caribbean	Current

Organization	Position	Status
Ace Hardware Corporation	Executive Assistant	Current

Organization	Position	Status
Ace Hardware Corporation	Executive Assistant	Current

Organization	Position	Status
Ace Hardware Corporation		Current

Organization	Position	Status
Ace Hardware Corporation	Accounts Payable Supervisor	Current

Organization	Position	Status
Ace Hardware Corporation	International Merchandising Assistant	Current

Organization	Position	Status
Ace Hardware Corporation	Transportation Coordinator	Current

Organization	Position	Status
Ace Hardware Corporation	Executive Assistant	Current

Organization	Position	Status
Ace Hardware Corporation	General Counsel	Current

Organization	Position	Status
Ace Hardware Corporation	Senior Marketing Assistant, South America, Spain, Canary Islands	Current

Organization	Position	Status
Ace Hardware Corporation	Analyst I	Current

Ray assumed his role of President and CEO in April 2005. He joined Ace in 1994 as a Director of Retail Operations for the Western Division. He was promoted to Vice President Retail Development and Marketing in September 1997 and was named Vice President of Merchandising in September of 1998. In October 2000, he was promoted to Executive Vice President Retail and in April 2004 was named Executive Vice President and COO. He then became President and COO in January 2005. Prior to joining Ace, Ray was president of Coast to Coast. He is a 1975 graduate of Southern Illinois University, Carbondale, Ill., where he earned a bachelor of science degree in business.

Organization	Position	Status
Ace Hardware Corporation	Executive Assistant	Current
Southern Illinois University		Former

Organization	Position	Status
Ace Hardware Corporation	Telecomm Supervisor	Current

Dorvin joined Ace as Chief Financial Officer in March 2008 to oversee all financial-related activities of the company, including treasury, retailer financial services, general and operational accounting, budgeting and forecasting, tax, insurance, payroll and audit services. He came to Ace with extensive financial and accounting experience from leading private and public retail corporations. Most recently, Lively served as executive vice president and chief financial officer for Maidenform, Inc., where he enhanced its financial reporting process and managed cost-saving initiatives surrounding gross margins from supply chain. From 2000 to 2004, he held the position of senior vice president and corporate controller at Toys "R" Us, Inc. Other positions include vice president and corporate controller at Reader's Digest (1998 2000); vice president, chief financial officer and secretary at Silverado Foods, Inc. (1995 1998); assistant controller at Pepsi Cola International (1992 1995); professional accounting fellow at Financial Accounting Standards Board (1990 1992); and senior audit manager at Arthur Andersen, LLP (1980 1990). In 1980, he graduated from the University of Arkansas with a bachelor of arts degree in accounting.

Organization	Position	Status
Ace Hardware Corporation		Current
Toys & Co.	Corporate Controller	Former

Organization	Position	Status
Ace Hardware Corporation	International Associate Buyer	Current

Organization	Position	Status
Ace Hardware Corporation	Merchandising Edi Administrator	Current

Organization	Position	Status
Ace Hardware Corporation	Executive Assistant	Current

Organization	Position	Status
Ace Hardware Corporation	Merchandising Assistant	Current

Organization	Position	Status
Ace Hardware Corporation	International Senior Staff Accountant	Current

Organization	Position	Status
Ace Hardware Corporation	International Merchandising Assistant	Current

Organization	Position	Status
Ace Hardware Corporation	Treasurer	Current
Ace Hardware Corporation	Treasurer	Former

Organization	Position	Status
Ace Hardware Corporation	Executive Assistant	Current

Organization	Position	Status
Ace Hardware Corporation	International Associate Buyer	Current

Organization	Position	Status
Ace Hardware Corporation	Chairman	Current
Ace Hardware Corporation	Board of Directors	Current

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current

Ziegler is Vice President of Z Hardware Co., a 10-store Ace chain in the north western suburbs of Chicago. Ziegler earned a bachelor of science degree in business administration from Drake University and went on to become a Certified Public Accountant. Prior to joining the family business in 1979, he worked for three years at Arthur Young & Co.

Organization	Position	Status
Z Hardware Co.	Vice President	Current
Ace Hardware Corporation	Board of Directors	Current
Drake University	Bachelor of Science Degree In Business Administration	Former

Organization	Position	Status
Ace Hardware Corporation	Director	Current

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current

Organization	Position	Status
Nanomedex Pharmaceuticals, Inc.	Director	Current
Winn-Dixie Stores, Inc.	Board of Directors	Current
Ace Hardware Corporation	Board of Directors	Current
Pathmark Stores, Inc.	Senior Management	Former
SUPERVALU INC.	Senior Management	Former
Columbia University	M.B.A. In Finance & Marketing	Former
Columbia Business School	M.B.A.	Former
Michigan State University	B.A. Economics	Former

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current

Organization	Position	Status
Ace Hardware Corporation	Director	Current

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current

Array

Organization	Position	Status
Escalade Inc.	President	Current
Ace Hardware Corporation	Board of Directors	Current

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current

Organization	Position	Status
Ace Hardware Corporation	Director	Current

Organization	Position	Status
Ace Hardware Corporation	Board of Directors	Current
Bemis Company, Inc.	Board of Directors	Current

Executive News

Ace Hardware, Activant Extend Point-of-Sale Partnership

BuildingOnline - 8/19/09 - View Story
Activant Solutions and Ace Hardware Announce Collaborative Agreement

TickerTech.com - 8/19/09 - View Story