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Tractor Supply names Thomas Kingsbury to board

BY HBSDealer Staff

Tractor Supply Company has appointed Thomas Kingsbury to the company’s board of directors.

Kingsbury is a 40-year retail veteran and has served as a senior executive with several major retailers, including Kohl’s Corporation and The May Department Stores Company. He has served as president, CEO, and a member of the board of directors for Burlington Stores, Inc., since December 2008 and was appointed chairman in May 2014. 

“We are thrilled to welcome Tom to our board of directors,” said Cynthia Jamison, Tractor Supply Company’s Chairman of the Board. “Tom is a talented leader with a pulse on consumer behavior and purchasing patterns, as well as an expert in merchandising strategies that drive market share growth and margin improvement. As we continue to focus on linking our physical and digital storefronts into one seamless shopping environment through the ONETractor initiative, we look forward to the contributions Tom will bring to the company.”

“Tractor Supply has an extremely authentic brand with a proven store growth strategy, unique merchandising assortments, and knowledgeable team members that have made them the leading authority in the rural lifestyle segment,” Kingsbury said. “I’m excited to be joining the company’s board as Tractor Supply continues to implement strategic initiatives to enhance shareholder value.

Based in Brentwood, Tractor Supply Company is the largest rural lifestyle retail chain in the United States and operates 1,665 Tractor Supply stores in 49 states. 

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HBSDealer Stock Watch: More mixed movement

BY HBSDealer Staff

Winners and losers were about equally split on Monday, with BMCH leading the way with a 3.8% gain.  Other winners were TREX, up 1.75%, and SHLD, up 1.35%.

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Here’s a product test you don’t see every day

BY HBSDealer Staff

In a remote forest north of Vancouver, product experts from LP Building Products and two of the world’s leading kayakers put the durability of LP Legacy sub-flooring to an unusual test. They sent it over the edge of Britannia Falls, a 70-foot drop flobing at 625 cubic feet of water per second.

Then they left the panel in the falls’ swirling wake overnight.

Check out the video here:

“As we were developing this campaign, we really wanted a way to differentiate our product from everything else in the market,” says LP Business Marketing Manager Lorraine Russ. “One way to do that is to show the performance of the board in a completely different and unique way. And what better way to do that than to put the product into some really extreme conditions that go far beyond what you might see on even the harshest jobsite.”

The company says that 24 later, when the team retrieved the board from the river, the panel showed some bumps and bruises but no signs of swelling.

The company says its LP Legacy sub-flooring is APA-rated with the highest bending stiffness and as one of the strongest sub-floor panels in the industry. The sub-floor boasts superior moisture resistance that prevents edge swell. It carries a class-leading “Covered Until It’s Covered” no-sand warranty, as well as a Lifetime Limited Warranty that lasts as long as the home. 

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