Headlines

Who’s Tops in Co-Ops

List includes Ace Hardware and REI

Published

6 months ago

October 27, 2025

Ace Hardware has about 5000 independently owned and operated stores worldwide, including 4700-plus in the U.S. Photo: jetcityimage/iStock by Getty Images

Cooperatives in the U.S. reported a combined $323 billion in revenue last year, a new study by the National Cooperative Bank has found. That total (down from $325 billion a year earlier) is included in NCB’s 2025 annual rankings of the nation’s top 100 revenue-earning cooperative businesses.

Below are the biggest co-ops in retail-related areas:

Grocery:

Wakefern Food Corp./ShopRite (Keasbey, N.J.), reported $12.8 billion in revenue, earning the sixth position on the list.

Associated Wholesale Grocers Inc. (Kansas City, Kansas) reported $12.1 billion in revenue and ranked ninth.

Hardware & Lumber:

ACE Hardware Corp., (Oak Brook, Ill.) earned $9.5 billion in revenue, ranking 10th.

Do-it-Best Corp. (Fort Wayne, Ind.) reported $4.6 billion in revenue and placed 14th.

Recreation:

Recreational Equipment Inc. (REI) (Sumner, Wash.) reported $3.5 billion in revenue, ranking 17th.

“The NCB Co-op 100 highlights the strength, diversity and impact of cooperative businesses across the United States,” said Casey Fannon, President and CEO at National Cooperative Bank. “These organizations demonstrate how cooperative principles continue to drive economic success while supporting communities nationwide.”

Click here for more from the survey.