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Tag Archives: co-op

True Value Responds to Bloomberg Report Regarding Possible Sale

True Value Co.

According to a Bloomberg report Monday, True Value Co. is “considering a sale that could value the home-improvement store chain at about $800 million.” People who asked not to be identified as they weren’t authorized to speak publicly say the company ... Read More »

Ace’s Retail Holdings Expand to 100 Stores

Westlake Ace Hardware

Ace Retail Holdings, the division of Ace Hardware that owns and operates the Westlake Ace Hardware chain, has expanded to 100 stores. Westlake Ace Hardware in June finalized its acquisition of two Q.P. Ace Hardware stores in the Omaha, Nebraska, area. Westlake ... Read More »

Ace Hardware Pushing for New Store Growth With Program

Ace Hardware

Ace Hardware Corp. has launched a new financing program for Ace Hardware store owners in an effort to help fuel new store growth efforts. The financing program gives qualified Ace store owners access to up to $200,000 in a dollar-for-dollar equity match ... Read More »

Ace Hardware Acquires Another Big-Box Executive

Ace Hardware

Ace Hardware has announced a second big-box home improvement executive hire this week, recruiting Lisa Doyle from Lowe’s to serve as its new head of retail training. Doyle previously was vice president of learning and development at Lowe’s, according to a June 22 statement from ... Read More »

Former Home Depot Exec Takes VP Post at Ace Hardware

Ace Hardware

Ace Hardware Corp. has hired former Home Depot executive John Sommers Jr. to serve as the co-op’s vice president of merchandising. Sommers, who starts with Ace on July 10, is a 23-year veteran of Home Depot and has worked in a variety of positions in ... Read More »

A Year After Orlando Shooting, Hardware Store Continues Community Support

Toole's Ace Hardware

On the anniversary of the deadly Pulse nightclub shooting that unfolded just blocks from their store, the owner and employees of Toole’s Ace Hardware on South Orange Street in Orlando, Florida, banded together to support their community’s memorial event. On ... Read More »

Ace Hardware Names New Board Member

Ace Hardware

Ace Hardware Corp. has named Karen May as a new member of the cooperative’s board of directors. May is executive vice president and chief human resources officer of Mondelēz International Inc., which was formerly Kraft Foods Inc. She has served in a ... Read More »

True Value Reports Small Q1 Declines

True Value Co.

This week, True Value Co. reported a decrease in both revenue and gross billings, citing unfavorable weather patterns that led to a decline in retail traffic for the first quarter. The co-op posted gross billings of $502 million through the ... Read More »