Some customers have wondered if Ace Hardware and the Ace Co. are one and the same. This is because the companies have similar names and have also both appeared in recent news reports.
True Value is not a big Ace Hardware store. They have a small Ace Hardware store with about 12-15 employees. They are the same as Ace Hardware. They are owned by the same company.
Are Ace Hardware and True Value the Same in 2022?
Ace Hardware and True Value are both retail cooperatives that specialize in hardware products and services, but they’re not the same company, nor do they share the same board of directors. However, True Value and Ace share the same brands such as DeWalt, Stanley and WorkPro, among others, as of 2022.
So you want to buy the best quality, most secure, high tech, and environmentally friendly tool and hardware products? If you do, then you’ve already come to the right place! Today, I’ll be talking about the two biggest tool and hardware stores in today’s society: Ace Hardware and True Value!
Does Ace Hardware Own True Value?
True Value sells a wide variety of home improvement products, such as lumber, paint, and appliances. Ace Hardware sells plumbing supplies, lawn and garden supplies, and hardware. Both companies also offer home improvement classes and workshops, such as a five-week course called Ace Home Improvement.
Ace Hardware is a majority owned company by SM Group of Companies and the SM Group is an associate member in the Ace Hardware partnership.
True Value is owned by ACON, who acquired the business in 2018. The first store in the US opened in 1972.
Is Ace Hardware Better Than True Value?
Ace hardware is well known and recognised among its neighbours, whereas True value is still not so popular.
Ace Hardware sells tools that are specific to their market. They include things like paint, wood, gardening, and power tools. They do not stock pet supplies, and they also can’t offer the exact same quality of service that the True Value employees can.
Is Ace Hardware Bigger than True Value?
Ace Hardware has more stores in the United States than True Value, and the company currently has more locations in operation than True Value.
Ace hardware currently have stores in all 50 states and has locations in the states of Hawaii, Washington D.C., Puerto Rico and Guam.
While the parent company, True Value Handyman Centers, does not disclose the locations of their locations, they have over 2,185 locations in operation.
California has a lot of Ace Hardware stores, whereas New York has a lot of True Value stores, indicating that each state has an advantage over the other in terms of where each store is located.
What Does Ace Hardware Have in Common with True Value?
While big name retailers like Home Depot offer a large amount of products in one store, Ace and True Value also offer a wide variety of products in smaller stores. Additionally, the stores are often much more personalized and customer-oriented than big name retailers.
In a field where big-box retailers like Home Depot and Lowe’s are constantly vying for store locations, Ace Hardware and True Value are unique in that they focus on small, independent hardware stores.
Many local hardware stores have been failing or closing down lately across the country, however, it is great that Ace Hardware and True Value are still thriving and growing by offering a wide range of hardware products to the public.
Ace Hardware and True Value both have shares of their companies that are owned by their owners, who are their investors.
Ace Hardware and True Value sells a wide range of hand tools, power tools, lighting, outdoor and garden equipment, as well as a variety of seasonal items such as Christmas decorations.
How is Ace Hardware Different to True Value?
True Value’s franchise fees are lower because they do not charge a franchise fee, but they charge you a franchise fee anyway!
Ace Hardware is planning to turn its back on small local hardware stores and give its control of the hardware supply chain to larger players such as Home Depot and Lowe’s. The price is around $1.5 million, which is more than the cost of opening a single franchise.
If you’re considering getting into the True Value stores, you’re probably better off considering Ace Hardware, since the franchise fee is higher and the startup costs are lower.
Ace Hardware has more products than True Value. However, they can offer home renovations and True Value can offer pet supplies and household.
If you would like to know more, you can also see our posts on whether or not Ace Hardware is a franchise, if Ace Hardware pricing is low, and if Ace is a good store.
Conclusion
There are several reasons why Ace Hardware would cost more than True Value. One reason is that True Value will sometimes pay affiliates if the user buys a specific product that is only available at their store. In contrast, Ace Hardware usually have a full selection of products from a wide variety of suppliers.
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