Ace Hardware evolves to stay competitive
We all know the competitive pressures The Home Depot and Lowes bring to the market. I see Ace Hardware as the Walgreens or CVS in the face of Wal-Mart or Kroger. I believe Ace Hardware renovating and re-engineering its stores is a smart and necessary move. Will the independent franchisees will come on board so all stores will have a similar layout and selection? I’ve read most those owners who are near retirement age don’t see the payoff for them of making the $150,000 investment, and their Franchise Agreement does not force them to upgrade.
I’ll write more on this another day
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Ryan is an attorney and valuation specialist residing in Chicago. He chronicles his thoughts and research on FranchisePundit.com. You may reach him by email ryanknoll@gmail.com or mobile telephone 312-212-3423.
I get as good of service at HomeDepot and Lowes as I do Ace Hardware. I have found some things cheaper at Ace Hardware (shower rings for $1.99 for example).Â