Entrepreneur Magazine Places Ace Hardware Among the World’s Elite Franchise Companies in 43rd Annual Ranking
OAK BROOK, Ill., January 25, 2022 /PRNewswire/ — Ace Hardware is among the top 1% of franchise business opportunities in the world, according to Contractor The magazine’s annual “Franchise 500” for 2022.
Ace ranks 12th out of 1,177 franchise businesses analyzed and 500 ranked, according to Contractor. the Irvine, California.The New York-based publisher has produced the landmark ranking for 43 years, since 1979.
Contractor Franchise 500 is the oldest and most comprehensive ranking of franchise companies in the world, evaluating unit growth, financial strength, stability and brand power. It scores 150 data points, with the highest cumulative scores becoming its Franchise 500 ranking.
“We are honored to be highly ranked in the Entrepreneur‘s 43 rankingrd 500 annual deductible,” said John Kittel, Vice President of Retail Operations and New Business at Ace Hardware. “Helping local entrepreneurs own profitable businesses independently, often in the neighborhood where they live, backed by our trusted global brand, industry-leading products and services, is the backbone of our business.”
“The recognition by Contractor is truly a testament to our retailers across the country living our brand promise every day by serving their communities,” he said.
Ace ranked first in the “Various Retail Businesses” category of the Franchise 500. Overall, it improved its ranking from 23rd in 2021.
“The companies named to this year’s list have shown us how being resilient, supportive and agile can help meet extraordinary challenges and also underscore the courage and innovation that define entrepreneurship.” noted Contractor Chief Editor Jason Feifer.
Earlier in January, New York-based Incisiv has rated Ace Hardware among the best in home improvement category for online and offline customer experience, citing its “omnichannel prowess”.
In December, Redwood City, California-based Reputation ranked Ace Hardware as the second most valued retailer in America. The company analyzed 3.7 million Google reviews to calculate a “reputation score” for each; Ace Hardware scored highest for “consumer sentiment” and “buyer engagement.”
In November, QuebecOrckestra’s Fifth Annual Omnichannel Capability Study Ranked Ace Hardware Third Overall of 100 considered retailers. It scored highest in the home improvement category, ahead of The Home Depot, Tractor Supply. Co and Lowe’s
About Ace Hardware
Ace Hardware is the world’s largest retailer-owned hardware cooperative with more than 5,500 locally owned and operated hardware stores in approximately 70 countries. Based at Oak Brook, IL., Ace and its subsidiaries operate an extensive network of distribution centers in the United States and have distribution capabilities in Ningbo, China; Colon, Panama; and Dubai, United Arab Emirates. Since 1924, Ace has been part of local communities around the world and is known as the place where helpful hardware people are. For more information, visit acehardware.com or newsroom.acehardware.com.
SOURCE Ace Hardware Corporation