Industry News

Ace Hardware Buys into ECommerce

Ace Hardware has purchased a majority stake in ecommerce start-up The Grommet, which specializes in new product launches from independent entrepreneurs.

Ace Hardware has purchased a majority stake in e-commerce start-up The Grommet, which specializes in new product launches from independent entrepreneurs.

The two companies started working together last year and discovered that, among The Grommet’s three million-plus subscribers, customers of the site visit Ace 50% more frequently and spend 2.8 times as much as the average Ace Rewards customer.

526 Media Group

Publisher of two monthly magazines for LBM dealers and distributors—The Merchant Magazine, founded in 1922 to serve the western U.S., and Building Products Digest, formed in 1982 to serve east of the Rockies.

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