Ace Hardware, the largest retailer-owned cooperative in the world, reached the No. 4 spot on Franchise Times’ Top 400 List. The company moved up from its No. 5 ranking last year. The Franchise Times’ Top 400 List is an annual ranking of the 400 largest franchise systems in the United States by global systemwide sales, based on the previous year’s performance.
Ace Hardware has consistently ranked in the top 10 on the prestigious list, garnering its highest position on the list at No. 4 this year. Ace overtook Burger King to claim the No. 4 position, growing sales by more than 21 percent, equating to a $3.5 billion increase. Ace’s growth marks the best dollar amount sales increase across all franchises last year.
“Ace is honored to be recognized by Franchise Times as one of the top franchises in 2021, and we are thrilled to jump into the 4th position on this impressive list,” says John Kittell, vice president, retail operations and new business. “The incredible growth we have seen not only this year, but in the past five years, is a testament to the commitment and leadership of our independent store owners who work hard to provide amazing customer service every single day to serve their neighbors and support their local communities.”
Ace Hardware hosted its first in-person convention since the start of the pandemic in September 2021.