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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. [1]
- 7,577 (2019)
- US$8.6 billion (2021)
Richard Hesse. 1868-1944. German zoologist whose textbook Ecological Animal Geography (1924) set the standard for biogeography study, covering the distribution of animal life in terrestrial, freshwater, and marine ecosystems. Hesse recognized that the distribution patterns of animal life are correlated to the complex relationships that exist ...
In 1924, to increase buying power and profits, entrepreneurs Richard Hesse, E. Gunnard Lindquist, Frank Burke and Oscar Fisher united their Chicago, Illinois, hardware stores into "Ace Stores". The company was named after the ace fighter pilots of World War I, who were able to overcome all odds.
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Before he retired in 1973, co-founder and long-time president Richard Hesse sold Ace to its member-dealers, thereby forming a dealer-owned hardware cooperative. Purchase of a minimum stake in Ace was required for membership, and dealers contributed a percentage of their co-op purchases to a national advertising fund.
Richard Hesse. Professor Emeritus at the UNH School of Law, Richard Hesse has published on a variety of legal and ethical topics. He served as a community lawyer in Philadelphia, heading a police community relations project before moving to Boston to head a national project focused on the rights of consumers.
May 18, 2018 · The Ace Hardware organization was founded in the early 1920s, when Richard Hesse, Frank Burke, Oscar Fisher, E. Gunnard Linquist, and William Stauber united to form a purchasing and advertising partnership among their Chicago -area hardware stores.
Email: Richard.Hesse@law.unh.edu. Office: UNH School of Law, 2 White Street, Concord, NH 03301. Programs offered by Richard A. Hesse all supported by the New Hampshire Humanities Council. Richard A. Hesse is an active participant in the civil rights movement nationally and in New Hampshire.
