Ace Hardware Ranks No. 6 for Fourth Consecutive Year on Franchise Times’ Top 200
Hardware cooperative also secures the number two spot in the retail industry category
Ace Hardware Corporation, the largest retailer-owned hardware cooperative in the world, is pleased to announce it was once again ranked number 6 on the 2018 Franchise Times Top 200, for the fourth year in a row. The respected annual list ranks the largest U.S. franchises by global sales.
“We are proud to be recognized by Franchise Times as a top franchise for the fourth year in a row,” said John Tovar, Vice President Operations and New Business for Ace Ha
rdware Corporation. “Ace grew incredibly over the last year which is a testament to our hardworking independent store owners who continue to provide outstanding service and high-quality products with the convenience their customers have come to expect from Ace.”
For the fourth consecutive year, Ace Hardware ranked among top worldwide companies such as McDonalds, 7-Eleven, KFC, Burger King and Subway. The latest report noted that companies listed in the top 10 collectively added $14.3 billion in sales in 2017, a 5 percent increase and nearly double the growth from the previous year. The top 10 companies currently account for nearly half of the entire top 200 in terms of sales.
Ace Hardware is structured as a retailer-owned cooperative where independent owners operate the majority of locations, even though it is sometimes considered a franchise system, , Ace “franchisees” or retailers not only own their individual stores, but also serve as shareholders in the organization. Unlike a traditional franchise operation, Ace Hardware store owners pay no ongoing franchise or royalty fees.
The Franchise Times Top 200 is an annual ranking of the 200 largest franchise systems in the U.S. by global system-wide sales, based on the previous year’s performance.
For information about investment opportunities with Ace Hardware, visit www.myace.com.
Ace Hardware is the largest retailer-owned hardware cooperative in the world with more than 5,100 locally owned and operated hardware stores in approximately 65 countries. Headquartered in Oak Brook, Ill., Ace and its subsidiaries operate an expansive network of distribution centers in the U.S. and have distribution capabilities in Ningbo, China; Colon, Panama; and Dubai, United Arab Emirates. Since 1924, Ace has become a part of local communities around the world and known as the place with the helpful hardware folks. For more information, visit acehardware.com or newsroom.acehardware.com.