Ace Hardware Corp - Company Profile

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Ace Hardware Corp: Segment Analysis

Business Description

Ace Hardware Corp (Ace) is a wholesaler and retailer of hardware, paints and other related products and services. The company sells grills and smokers, outdoor living, lawn and garden, tools, storage and organization, automotive, RV and marine, building supplies, heating and cooling, home and decor, lighting and electrical, paint and supplies, and plumbing products through independently operated retail stores and online store. It also offers value-added services such as marketing, store format design, advertising, insurance, retail training services, promotional support, and merchandising services. The company generates revenue from two sources: Wholesale and Retail. It serves retail and commercial customers in the US and internationally. In FY2022, the company operated 5,000 retail stores. Internationally, the company conducts operations through its subsidiary, Ace Hardware International Holdings Ltd (AIH). AIH serves international retailers in over 65 countries and the US territories, majorly in Latin America, the Middle East, Caribbean, Asia and the Pacific Rim. In 2022, the company operated 2,670 domestic Retailers operating 4,867 domestic retail locations. The company generates revenue from sales categories which includes, Warehouse Merchandise which accounted for 68% followed by Direct Shipment Merchandise (16.5%), ARH revenues (8.6%), E-Commerce (3.4%) and Service Revenue (3.5%) of company’s revenue including elimination.

Business Segments

Performance

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Performance

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