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Ace Hardware Enters Mexico  Retail Info Systems News

Retail Info Systems News

Wed, Dec 01, 2021 12:00 AM PT


Ace Hardware

Ace Hardware Corporation is an American hardware retailers' cooperative based in Oak Brook, Illinois, United States. It is the world's largest hardware retail cooperative, and the largest non-grocery American retail cooperative.Founded in 1924 as "Ace Stores", the company changed its name to "Ace Hardware Corporation" in 1931. It grew dramatically following World War II, more than tripling its sales between the late 1940s and 1959. After the retirement of longtime president and founder Richard Hesse in 1973, Ace was sold to its retailers, becoming a retailer-owned cooperative. It first reached $1 billion in wholesale sales in 1985 and $5 billion in 2015. As of 2019, it has over 5,200 locations in 60 countries. Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and the United Arab Emirates.


Daily Grommet

The Grommet (formerly The Daily Grommet) is an online marketplace and product discovery platform based in Somerville, Massachusetts for consumer products from maker culture, inventors, entrepreneurs, and small businesses. It was founded in 2008 by CEO Jules Pieri and Chief Discovery Officer Joanne Domeniconi after careers at Continuum, Keds, Playskool, and Stride Rite. They find and review products and select certain ones to be promoted on their web site. They present a new product every weekday with an editorial and video story. Members of the web site then give feedback on the product. Many of their products were initially funded on the crowdfunding platforms IndieGogo or Kickstarter. The Grommet sees itself as a next step after crowdfunding success to help new businesses get launched.Since 2008, The Grommet has launched more than 2,800 innovative products, including products from Fitbit, Food Should Taste Good, GoldieBlox, IdeaPaint, OtterBox, PopSockets, SimpliSafe, SodaStream, and S'well.In June 2014, The Grommet Wholesale was launched at the first White House Maker Faire to distribute products to gift shops, museum stores, garden centers, supermarkets, and speciality retailers.In October 2017, Ace Hardware acquired a majority stake in The Grommet.In April 2019, Pieri's first book, "How We Make Stuff Now: Turn Ideas into Products That Build Successful Businesses" was published by McGraw-Hill Education.


Food City (K-VA-T)

Food City is an American supermarket chain with stores located in Alabama, Georgia, Kentucky, Tennessee, and Virginia. It is owned by K-VA-T Food Stores, Inc., a privately held family and employee-owned corporation (13% via ESOP) headquartered in Abingdon, Virginia. K-VA-T Food Stores owns the Food City Distribution Center (formerly Mid-Mountain Foods), a distribution center K-VA-T helped form in 1974 and acquired full control of in 1998, Misty Mountain Spring Water, LLC, a producer of bottled water, as well as limited-assortment grocery stores named Super Dollar Food Center, Food City Express and Gas'N Go convenience stores, and Food City Wine and Spirits liquor stores. Many of their grocery stores have their own fuel stations, with the Gas'N Go branding. It offers many private label product choices under the brands "Food Club," "TopCare", "That's Smart!", "Food City Fresh!", "Full Circle", "Paws Happy Life", "Simply Done", "Wide Awake Coffee Co.", "Tippy Toes", "Harvest Club", "Evolve", "Over the Top", "Nostimo", "@ease", "CharKing", "Misty Mountain", "Flock's Finest", "b-lieve", "Culinary Tours", "Pure Harmony" and more, many of which are part of the Topco corporate brand program. Food City is also the exclusive distributor of regional favorites such as "Kay's Ice Cream", "Moore's Classic Snacks", "Terry's Classic Snacks", "Kern's Bread", and "Lay Classic Meats".


Hardware store

Hardware stores (in a number of countries, "shops"), sometimes known as DIY stores, sell household hardware for home improvement including: fasteners, building materials, hand tools, power tools, keys, locks, hinges, chains, plumbing supplies, electrical supplies, cleaning products, housewares, tools, utensils, paint, and lawn and garden products directly to consumers for use at home or for business. Many hardware stores have specialty departments unique to its region or its owner's interests. These departments include hunting and fishing supplies, plants and nursery products, marine and boating supplies, pet food and supplies, farm and ranch supplies including animal feed, swimming pool chemicals, homebrewing supplies and canning supplies. The five largest hardware retailers in the world are The Home Depot, Lowe's (both in the United States), Kingfisher of the United Kingdom, Obi of Germany, and Leroy Merlin of France.


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