Ace Hardware Moves Up To Franchise List

Retailer-owned hardware cooperative Ace Hardware moved up from the number five to the number four position in the annual ‘Franchise Times Top 400 List.’ The list is a ranking of the 400 largest franchise systems in the U.S. by global system wide sales, based on the previous year's performance. Ace Hardware has consistently ranked in the top 10 on the list. As an essential business, it fast tracked a digital strategy that helped catapult the company into this position. In addition, it is on track to open more than 170 new stores this year and has opened more than 900 stores in the past five years, reaching global sales of more than $20 billion.