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Tag Archives: co-op

Why Did Ace Hardware Buy an E-Commerce Business?

The Grommet

John Venhuizen, Ace Hardware president and CEO, recently took questions from Hardware Retailing about the co-op’s purchase of The Grommet, an e-commerce startup company. Ace announced the purchase Oct. 3. Hardware Retailing (HR): Why did Ace purchase a majority stake in The Grommet?  John Venhuizen (JV): There ... Read More »

Ace Hardware Buys E-Commerce Company

Grommet

Ace Hardware Corp. announced Tuesday that it has purchased the majority stake in e-commerce startup The Grommet. The Grommet operates an e-commerce website that markets and sells new and innovative products created by independent entrepreneurs, also known as makers, according to Ace. The Grommet has ... Read More »

Ace Hardware Hosts Maker to Market Event for Product Inventors

Maker to Market

Ace Hardware Corp. hosted its first Maker to Market™ Day, an event created to allow entrepreneurs and inventors to pitch product ideas that could end up for sale in co-op stores. Ace employees who make purchasing decisions for more than 5,000 ... Read More »

True Value Fall Reunion Pushes Retailers to ‘Act Now’

True Value Fall Reunion

As retailers begin planning ahead for their busy spring selling season, those attending the True Value Fall Reunion were also encouraged to think in the moment. The buying show, which the co-op hosted in Chicago at McCormick Place, ran Sept. ... Read More »

Ace CEO: Hurricanes, Plans and an ‘Incredibly Good Enemy’

Ace Hardware

Ace Hardware’s president and CEO, John Venhuizen, recently sat down with Hardware Retailing for an interview. He discussed weather events that have impacted Ace retailers, strategies for competing with “an incredibly good enemy” in Amazon and the co-op’s opportunities and plans for growth. ... Read More »

Branneky True Value Hardware Journey Continues After 160 Years

Branneky

In the mid-19th century, many Americans took off on the Oregon Trail in search of new lands and opportunities. Its main departure points were in Missouri, and the route stretched 2,000 miles to California. More than 400,000 pioneers traveled the ... Read More »

Ace Hardware CEO: ‘It’s Either Forward or It’s Lights Out’

Ace Hardware

The Ace Hardware 2017 Fall Convention began with both warnings and encouragement from the cooperative’s top executives. Ace leaders spoke to retailers at the buying show’s general session, which started off the Aug. 17-19 convention in Chicago. President and CEO ... Read More »

EXCLUSIVE: True Value CEO Discusses Earnings, Sale Rumors

exclusive

The results of continued investments in True Value’s strategic plan are starting to pay dividends and the recent rumors swirling around a potential sale of the co-op will not be a distraction, according to the company’s president and CEO John ... Read More »