Tractor Supply Company (NASDAQ:TSCO) has announced plans to unveil 1700th store in Mocksville, NC. It is part of the company’s aggressive expansion of the footprint. The new store will be situated at 1029 Yadkinville Road, Suite 101.
Grand arrangements are ON to open the 1700th store on April 7, 2018. The opening ceremony will include the participation of various community groups, introductory meetings and pet adoption event etc.
The company is moving ahead with its growth strategies slowly by incorporating technology advancements, expanding the store base and driving the top line. It is also using the ONETractor initiative to integrate digital and physical assets and provide a convenient and seamless experience to the customers.
Tractor Supply Company is reaping huge benefits from buying online and pickup at an in store apart from expanding the rewards program of Neighbor’s Club for the customers. The firm is also forecasting to post excellent results using its stockyard and mobile POS initiatives.
As part of its growth strategy, the company has opened 101 stores in the year 2017. It also converted 2 Hometown Pet Stores to the Petsense stores. Apart from the conversions, the company also opened twenty five Petsense stores in 2017.
Tractor Supply Company will also open eighty new outlets in 2018 as part of the targeted 2500 stores. It is one of the initiatives of the company to achieve long term domestic growth. According to the recent statistics, the company has operated around 1700 stores in 49 states across the nation as on March 31, 2018.
The company has taken over Petsense LLC in the year 2016 to strengthen its footprint in the growing pet specialty space. The acquisition is expected to add business worth $60 billion to its existing pet business. The company is expected to open twenty pet stores in the year 2018.
A brief information about Tractor Supply Company
Established in the year 1938, Tractor Supply Company operates its own stores of 1700 in 49 states of the US. Its revenues are estimated at $7.26 billion.
