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Tag Archives: co-op

Ace Stores Honor Veterans With Free Flags for Memorial Day

Veterans

Horizon Ridge Ace Hardware honors military veterans all year long, so joining Ace Hardware’s corporate goal to give away 1 million U.S. flags to customers and Veterans of Foreign Wars posts was an easy decision. On May 26, participating Ace ... Read More »

Ace Hardware Sees Q1 Revenue Increases, ‘Record Sales Growth’

Ace Hardware

Ace Hardware Corp. reported increases in revenue and sales, including double-digit online sales growth, in its first quarter of 2018. Ace, which released its financial results May 23, achieved revenue of $1.3 billion, an increase of 6 percent above the ... Read More »

True Value’s 2017 Financials Show Slight Revenue Decline

True Value

True Value Co. has released its final annual report as a cooperative, showing a slight revenue decline in 2017 from the year prior. In April, the company announced the sale of 70 percent of its stock to private-equity firm ACON Investments and ... Read More »

True Value Shareholders Vote to Proceed With Sale

ACON

After months of speculation, 15 roundtable sessions and thousands of individual conversations and emails with members, the votes are in and True Value’s shareholders have overwhelmingly approved the sale of 70 percent of the company’s stock to private-equity firm ACON ... Read More »

Ace Hardware Partnering With 4 Giant Eagle Grocery Stores

Giant Eagle

Ace Hardware is working with four Giant Eagle supermarkets in Pennsylvania to open hardware stores within the grocery stores. “We can confirm that select Giant Eagle locations in the Pittsburgh area will be integrating Ace Hardware stores,” Ace Hardware says ... Read More »

True Value Members Favor Sale, but Co-Op Extends Voting Deadline

true value

As of April 13, True Value Co. has received the retailer votes it needs to sell to a private investment firm, but the co-op is extending its member voting deadline to April 20. The company announced March 15 that it agreed to ... Read More »

CEO Retires From 121-Store Westlake Ace Hardware Chain

Westlake Ace Hardware

Westlake Ace Hardware CEO Tom Knox has retired, and Joe Jeffries, who was president and chief operating officer, has replaced him in the role. Westlake is a 121-store chain that is corporately owned by the Ace Hardware cooperative, which bought ... Read More »

Do it Best Exec Mike Altendorf to Retire in August

Mike Altendorf

Mike Altendorf, vice president of information technology for Do it Best Corp., is retiring after  working more than 30 years in the independent home improvement industry. Altendorf joined Do it Best Corp. in 2009 as director of IT business planning ... Read More »