Tractor Supply breaks ground on new DC
Tractor Supply Company is beefing up its distribution infrastructure in the Northeast with the construction of a new distribution center in Frankfort, New York.
This will be the eighth total distribution center for the farm and ranch retailer, which also operates DCs in Casa Grande, AZ, Franklin, KY, Hagerstown, MD, Macon, GA, Pendleton, IN, Waco, TX, and Waverly, NE.
“The addition of our new distribution center in New York is important to our continued growth, as the facility will provide Tractor Supply the capacity we need to further our store expansion in the Northeast Corridor of the country,” said Greg Sandfort, Chief Executive Officer. “We are always looking for new ways to reach our customers as quickly and efficiently as possible, and this distribution center will play a critical role in our digital fulfillment strategy. We’re excited to begin the building process and look forward to a longstanding partnership with the great Frankfort community.”
New York Governor Andrew Cuomo said, "We have invested more in the Mohawk Valley in six years than the region had seen in decades and it’s paying off. Unemployment is down, while private sector jobs are up and we've successfully attracted Tractor Supply Company to Herkimer County, which will soon create 350 good jobs for hard-working Upstate New Yorkers. This is a huge win for Herkimer County and the entire region, and we look forward to a long, successful partnership with the company."
A groundbreaking ceremony was held on Wednesday, with Tractor Supply executives and local government officials in attendance.
The facility is expected to begin shipping by the end of 2018 and will be approximately 930,500 square-foot in size, with the potential to create more than 350 new full-time jobs over the next six years.
“This groundbreaking is the result of several years of work and dedication by many to bring a tenant to the Frankfort 5S South Business Park,” said Chairman Bernard Peplinski, Sr., of the Herkimer County Legislature. “As the walls go up and the doors open later next year, the residents of Herkimer County and the surrounding area will benefit from the additional jobs and resulting economic growth as we work with Tractor Supply.”
Senator James Seward said, “Whenever I discuss economic development for the Mohawk Valley, the conversation inevitably turns to the Frankfort 5S South Business Park, also known as the Pumpkin Patch. Tractor Supply’s arrival is great news and the project will stimulate our regional economy leading to future growth and more good paying jobs for our families.”
Assemblyman Anthony Brindisi of Utica said, “Tractor Supply Company will be an outstanding tenant and will bring job opportunities to many area residents, which will help businesses in surrounding communities as well. Through securing state funding toward the cost of a new water tower and infrastructure improvements, we were able to help make this project a reality. I want to acknowledge the Herkimer County Legislature, the Herkimer County IDA, and everyone else who partnered on this very significant investment in our community.”
Sylvania’s plug-and-play smart bulb
The makers of Sylvania lightbulbs say the company’s new HomeKit-enabled Sylvania Smart A19 Full Color Light Bulb will be ready for delivery in September.
The company says the bulb will be the first that can be easily controlled via Siri and Apple’s Home app, and doesn’t require buying a separate hub or smart socket. Another feature, it doesn’t need a Wi-Fi router to function.
Consumers will screw in the Bluetooth-enabled bulb into any lamp, sync it with the Home app on their Apple device, and start controlling the light.
The product carries an MSRP of $44.99.
Ledvance, maker of SYLVANIA general lighting in the US and Canada, describes the product as a breakthrough that brings smart-home features to the masses.
Our new HomeKit-enabled Sylvania Smart products are perfect for those who have heard how great it is to have a Smart Home but aren’t yet ready to tackle the installation and maintenance responsibilities of a larger system. Every iPhone, iPad and Apple Watch user already has the Home app at their disposal,
“Our new HomeKit-enabled Sylvania Smart products are perfect for those who have heard how great it is to have a Smart Home but aren’t yet ready to tackle the installation and maintenance responsibilities of a larger system,” said Aaron Ganick, head of Smart Business Americas, Ledvance.
Floyd Sherman is stepping down
It's the end of an era for Dallas, Texas-based Builders FirstSource.
The company announced that CEO Floyd Sherman, 78, has announced his resignation next year, effective January 1, 2018.
As part of the succession plan, chairman Paul Levy confirmed that Chad Crow, currently president and COO, will then assume the role of president and CEO.
“Today we are formally announcing the transition of Builders FirstSource leadership," said Levy. "Floyd's stewardship of Builders FirstSource began in 2001, only a few short years after the company was founded, when Builders FirstSource was at a critical point in its development. Floyd's vision, leadership and execution were instrumental in creating the business we have today."
"Through his 16 years of leadership, Floyd has effectively guided Builders FirstSource through industry downturns, numerous business changes and the successful acquisition and integration of ProBuild, and, today, we announce this transition at a time when the company is producing record results," added Levy. "We owe a great debt to Floyd for his brilliant leadership and his unwavering determination to make our company the success it is today. We are very pleased that he will remain on the Board of Directors through May 2018, and serve as an employee advisor to the company through March 2019."
Commenting on the transition, Mr. Sherman remarked, “I could not be more proud of what we have built at Builders FirstSource. I am confident in Chad Crow’s leadership, and know I am leaving the company in very capable hands. Over Chad’s 18 year tenure, he has been involved in all aspects of our operations, including serving as CFO for seven years and COO the past three years. He was instrumental in taking the company public, guiding us through the worst housing downturn in history, and setting Builders FirstSource on a positive growth trajectory. His extensive industry experience, knowledge of our operations, and respect for our people, will be invaluable assets as the company implements its growth strategy in the coming years.”