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Ace Hardware Corporation is basically an American hardware retailer’s cooperative in the United States. It is the world’s biggest hardware retail cooperative, and also America’s largest non-grocery retail cooperative.
It was founded in 1924 as Ace Stores. Then in 1931, the company changed its name to Ace Hardware Corporation. It grew dramatically following after World War 2, more than triplicating its sales between the 1940s and 1959. In 1973, after the retirement of president and founder Richard Hesse, Ace was sold to its retailers, and become a retailer-owned cooperative. In 1985, it first reached 1 billion dollars in wholesale sales and 5 billion dollars in 2015. After 2019, it has more than 5,200 locations in sixty countries. Ace runs seventeen distribution centers in the US, and additional distribution facilities in Panama, China, and the UAE.