Tractor Supply plans location in Wyoming
Tractor Supply Co. plans to open a store in Wyoming — its first-ever location in the state as it continues to expand into the western region of the country.
"Wyoming marks the 48th state of operation for Tractor Supply, and we are very pleased to be entering the market with our new store in Rawlins, Wyo.," said Greg Sandfort, president and CEO. "Tractor Supply seeks to be the most dependable supplier of basic maintenance products necessary to care for home, land, pets and animals. We are proud to be part of the Rawlins community, both in creating jobs and supporting the product needs of our rural customers. This represents the first of many Tractor Supply stores in the Wyoming market as we continue our expansion in the West."
The Rawlins store, located at 2201 Plaza St., will hold its grand opening event Saturday, Oct. 26.
"We believe that Tractor Supply will be a great one-stop shop for farm, ranch and rural customers in the Rawlins and surrounding communities," said Lee Downing, SVP operations. "Our Rawlins store team members are ready and able to provide Tractor Supply customers with seasoned advice regarding both products and projects."
As of Sept. 28, Tractor Supply operates 1,245 stores in 47 states. The company’s stores are focused on supplying the lifestyle needs of recreational farmers and ranchers. The company also serves the maintenance needs of those who enjoy the rural lifestyle, as well as tradesmen and small businesses. Stores are located in towns outlying major metropolitan markets and in rural communities.
The company offers the following comprehensive selection of merchandise: equine, pet and small animal products, including items necessary for their health, care, growth and containment; hardware, truck, towing and tool products; seasonal products, including lawn and garden items, power equipment, gifts and toys; maintenance products for agricultural and rural use; and work/recreational clothing and footwear.
Lumber Liquidators posts strong Q3
Lumber Liquidators increased its net income in the third quarter of fiscal 2013 58.4% to $20.4 million, from $12.9 million in the year-ago period.
Net sales grew 24.5% to $254.3 million, from $204.3 million in the same period a year earlier. Same-store sales grew 17.4%, driven by a 9.8% increase in the number of customers invoiced and a 6.9% increase in the average sale.
"We experienced consistently strong demand across the third quarter as our superior value proposition continues to resonate with a growing customer base,” said Robert M. Lynch, president and CEO of Lumber Liquidators. “We continue to gain share in a highly fragmented market through our outstanding team of hardwood flooring experts, delivery of a wide assortment of high-quality products and by maintaining our position as the low-price leader.”
Looking ahead, Lumber Liquidators expects to open 10 to 12 new stores in the fourth quarter of the year, for a total of 29 to 31 new stores in fiscal 2013. Net sales for the full year are expected to be in the range of $985 million to $995 million, from a previous range of $940 million to $963 million. Same-store sales are expected to grow 14% to 15% for the year and 9% to 14% during the fourth quarter.
The third quarter ended on Sept. 30, 2013, only four days after federal agents raided Lumber Liquidators offices in what remains an ongoing investigation of imported wood flooring sold at Lumber Liquidators. The retailer is cooperating with the investigation. It is uncertain what if any impact the publicity surrounding the investigation could have on sales, but based on positive forecasts for the fourth quarter and full year it appears Lumber Liquidators does not expect any significant negative effect.