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Tractor Supply Announces New Distribution Center in Arkansas | Your money

BRENTWOOD, TN–(BUSINESS WIRE)–January 26, 2022–

Tractor Supply Company (NASDAQ: TSCO ), the largest rural lifestyle retailer in the United States, today announced plans to build a new distribution center in Maumelle, Arkansas. The approximately 900,000 square foot distribution center represents an initial investment of approximately $100 million. The facility is expected to create more than 450 new full-time jobs by the end of 2023 and service approximately 250 Tractor Supply stores at full capacity. Construction is currently expected to begin in mid-2022, with completion expected in late 2023.

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Tractor Supply Co. Announces New Distribution Center in Maumelle, Arkansas (Photo: Business Wire)

“Tractor Supply is thrilled to begin work on our tenth distribution center, and we look forward to a long and mutually beneficial relationship with the Maumelle community,” said Hal Lawton, President and CEO of Tractor Supply. “In support of our Life Out Here strategy, this new distribution center is an important investment to help serve our growing store base and online sales as we build a strong and relevant business for the future. . We appreciate the support of the many state and local officials who have worked hard to establish a business climate in which everyone can thrive.

“From the beginning of the site search, Tractor Supply and JLL, a leading professional services firm specializing in real estate and investment management, worked closely on the project with the State of Arkansas , Maumelle city officials and Chris Murphy, senior project manager with Entergy Arkansas In 2019, Murphy and Tandee White, also of Entergy Arkansas, partnered with the city to certify the site as a Selected,” resulting in a more efficient due diligence process for Tractor Supply.

“We’ve added more than 26,000 new jobs to the state’s economy since 2015, and the creation of 450 full-time jobs will continue to boost the state’s economy and have a big impact on families across the state. ‘Arkansas,” Arkansas Governor Asa Hutchinson said. “Arkansas has a dedicated and skilled workforce that is ready to support the needs of Tractor Supply Company as they embark on this new expansion. We wish the company well as it grows and expands in Arkansas, and we’re here to help however we can.

“This is great news for Central Arkansas and the City of Maumelle. Tractor Supply’s new distribution center is creating hundreds of new jobs in the area and once again demonstrating the strength of the workforce. work of Arkansas and the attractiveness of our location, infrastructure and quality of life,” said Arkansas Lieutenant Governor Tim Griffin.

“Having grown up on a cattle farm and as the wife of a row crop farmer, I know firsthand the importance of farm supply businesses in our communities. I am thrilled that Tractor Supply has chosen my current hometown of Maumelle for their next distribution center. This announcement will bring hundreds of well-paying jobs to central Arkansas as it drives economic growth for our great state,” said Arkansas Attorney General Leslie Rutledge.

“We are thrilled that Tractor Supply is opening its new distribution center in Maumelle,” said Arkansas Commerce Secretary Mike Preston. “Tractor Supply has a long history of meeting the needs of rural residents, and Maumelle is a great place to take the business forward. This center will give Tractor Supply easy and convenient access to stores throughout the region.

“I am thrilled that Tractor Supply is investing in Maumelle with its new distribution center,” said Maumelle Mayor Caleb Norris. “It is clear that Tractor Supply’s values ​​complement Maumelle’s vision quite well and their presence will be a great addition to our community. The new facility located in our growing industrial park will create 450 new jobs and strengthen our already growing local economy. This huge victory for Maumelle follows years of hard work and demonstrates that Maumelle is a thriving town.

Tractor Supply currently operates 34 stores in the state of Arkansas and 2,003 total stores in 49 states, as of December 25, 2021. With the addition of a distribution center in Navarre, OH scheduled for completion in late 2022, Tractor Supply operates nine distribution centers in various locations, including Frankfort, NY; Casa Grande, AZ.; Franklin, KY.; Hagerstown, MD.; Macon, GA. ; Pendleton, IN. ; Waco, Texas; and Waverly, NE. Upon completion of the Maumelle facility at the end of 2023, Tractor Supply will operate a total of ten distribution centers.

About Tractor Supply Company

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, is passionate about its unique niche, targeting the needs of recreational farmers, ranchers and anyone who enjoys living the lifestyle. rural, for more than 80 years. year. Tractor Supply offers a wide range of products needed to care for home, earth, pets and animals with an emphasis on product localization, exclusive brands and legendary customer service for the style of Life Out Here. With more than 46,000 team members, the company’s physical store assets, combined with its digital capabilities, offer customers the ability to buy the products they need anytime, anywhere and the way they choose at the everyday low prices they deserve. As of December 25, 2021, the Company operated 2,003 Tractor Supply stores in 49 states, a consumer mobile app and an e-commerce website at www.TractorSupply.com.

Tractor Supply Company also owns and operates Petsense, a small pet specialty supply retailer focused on serving the needs of pet owners, primarily in small to medium sized communities, and offering a variety of products and pet services. As of December 25, 2021, the Company operated 178 Petsense stores in 23 states. For more information about Petsense, visit www.Petsense.com.

To stay up to date on all things Life Out Here, follow Tractor Supply on Facebook, instagram and Twitter.

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Mary Winn Pilkington (615) 440-4212

KEYWORD: ARKANSAS TENNESSEE UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: CONSUMER RETAIL OTHER RETAIL AGRICULTURE NATURAL RESOURCES SPECIALTY PETS

SOURCE: Tractor Supply Company

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PUBLISHED: 01/26/2022 09:00/DISC: 01/26/2022 09:02

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