Presentation on theme: "New Ace Grocer’s Performance May 2014. Harvest Fare in Fallston, Maryland New 3,100 square foot Ace Express in a suburb of Baltimore, Maryland that opened."— Presentation transcript:
Harvest Fare in Fallston, Maryland New 3,100 square foot Ace Express in a suburb of Baltimore, Maryland that opened November of 2013. Total Store was 33,000 square feet. Harvest Fare has 3 stores in the Baltimore area. Harvest Fare is owned by Jim Streett. Store supplied by SUPERVALU. 2
Russell’s Piggly Wiggly in Clay, Alabama New 6,400 square foot Ace in a suburb of Birmingham, Alabama that opened December of 2013. Total Store was 46,000 square feet. Grocery sales up 20 percent since opening Russell’s Piggly Wiggly have 2 stores in the Birmingham area. Russell’s Piggly Wiggly are owned by the Russell Family. Store supplied by Piggly Wiggly of Alabama. 9
Format Comparison 14 Note: All inventory $$ figures do not include drop ship, bulk fasteners Express format has 83% of the SKU selection in 58% of the linear feet compared to convenience Express format has $60/sq ft of inventory in 3000 sq ft of retail space, when bulk fasteners are included MetricsExpressConvenienceCoreSuper # of SKU’s13,98816,80720,65127,146 4’ Sections162279342557 Linear Feet6491,1161,3662,226 Inventory $$’s$179,276$265,048$322,340$459,693
15 Express Format Performance 137 Store Sample met Ace Express size criteria Retail Hardware SFT 4,000 or less POS submitting stores with consistent YOY POS transmission Excluded from Analysis Commercial Industrial, Contractor Oriented Supply, Non Conforming and NP2 Stores Urbanicity Store CountSales/SFGP/SFTAvg TransGP % Rural44$345.15$156.47$27.4545.7% Suburban74$359.62$167.55$20.7047.4% Urban19$502.99$262.68$17.1052.0% Sales/SFT dramatically higher than Ace Average of $166 Retail Hardware Sq Ft 4,000 or Less Express Format Criteria
Key Performance Points 16 Store NameCityStateSpace AvailableActual Opening 1st Year Retail Results % to Pro forma Ace HardwareMeadeKS 5,00009/28/2011 Ace Hardware of ClintonClintonTN 4,46711/11/2011 Schuele Ace HardwareBuffaloNY 3,00005/23/2012 Ace Hardware Sagamore BeachMA 4,70006/01/2012 Aggie AceDavisCA 3,98007/30/2012 Woodley Park Ace HardwareWashingtonDC 3,40011/29/2012 Ace HardwarePortsmouthRI 3,30012/27/2012 Manchester Ace HardwareManchesterMA 3,53702/15/2013 Falcon Ace HardwareColumbiaSC 4,00004/09/2013 Dame's AcePlattsburghNY 4,20011/13/2013 Massengill Ace HardwareBentonTN 4,00001/06/2012 Cash Saver (Lawrence Bros)AbileneTX 3,80004/24/2012 Olsens Ace HardwareAjoAZ 3,00010/20/2012 Lowe's Family Center #18ChamaNM 3,00001/22/2013 G & R Grocery Inc Webster SpringsWV 4,67205/13/2013 16 3,628Avg sq ft $ 545,000Avg91%Avg
Key Performance Points 17 Increase of supermarket sales of 8 to 12 percent. The low at 1.5 percent to a high of 20 percent increase. Reduction of supermarket shrinkage of 1 to 2 percent. Increased Weekly Average Customer counts from a low of 5 percent to a high of 20 percent. Hardware gross profits averaging 45 percent. Average Total Size of stores that added Ace Express is 43,000 square feet.