From Humble Beginnings, Tractor Supply Company Surpasses 2,000 Stores

Rhea-AI Summary

Tractor Supply Company (NASDAQ: TSCO) has reached a significant milestone by surpassing 2,000 stores across the United States, with plans to open 75-80 new stores in 2022. The company originated as a mail-order tractor parts supplier in 1938 and has since grown to serve a diverse customer base, including farmers and pet owners. The latest store opened in Minot, N.D., which is also home to the company’s first retail location. Tractor Supply emphasizes community support, offering a wide range of products for rural lifestyles.

Positive

• Opened 2,000th store, marking significant growth.
• Plans to open 75-80 new stores in 2022, indicating continued expansion.
• Strong historical performance, doubling store count in just ten years.

Negative

• None.

Rural lifestyle retailer hits milestone at record pace with plans to continue rapid growth

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, today announced it has surpassed 2,000 stores and plans to continue its ongoing expansion. The company is set to open 75-80 new stores in 2022, including relocating a store this month in Minot, N.D., home of the original Tractor Supply location.

Tractor Supply's 2,000th Store (Photo: Business Wire)

Tractor Supply Company began in 1938 as a mail-order business focused on providing quality tractor parts to farmers at fair prices. Charles E. Schmidt Sr. ran the business from his Chicago kitchen table before opening a retail store one year later in Minot. Schmidt selected the town for its central location between Texas and Saskatchewan, two hubs for tractor owners.

In 2011, after 72 years in business, Tractor Supply celebrated the opening of its 1,000th store. It added another thousand just ten years later and recently celebrated the grand opening of the 2,000th location in White House, Tenn.

“Beginning with our first store in Minot, Tractor Supply Company established a commitment to meeting and exceeding the needs of our customers, and we have upheld that commitment for more than 80 years,” said Hal Lawton, Tractor Supply’s President & CEO. “By never losing sight of our purpose, we have grown far beyond what Mr. Schmidt could have ever imagined. While we are proud of our history and all that we have accomplished, we are even more excited about the future and the many ways we can continue to support our neighbors who share our passion for Life Out Here.”

Tractor Supply stores provide a one-stop shop for the community, serving farmers, livestock and pet owners, ranchers, part-time and hobby farmers, gardeners, homeowners and others. Tractor Supply customers can access a wide range of products including pet supplies, animal feed, propane tanks, fencing, tools and outdoor power equipment, apparel, gifts and decor and more. The stores carry top brands, such as Purina, Carhartt, Blue Buffalo, Makita and Hobart, as well as products exclusive to Tractor Supply. As part of the company’s ongoing evolution to continually meet customer needs, select Tractor Supply stores around the country feature a garden center that includes live goods and seasonal items for everyone from novice gardeners to professional landscapers.

“Supporting our neighbors means providing them with the products and services they need, but it also means caring for the communities we call home,” adds Lawton. “As we grow, we remain committed to supporting our local customers and the causes that are most important to them.”

Tractor Supply actively participates in their communities by supporting local animal shelters, area 4-H clubs, FFA chapters and more.

Tractor Supply Company Milestones

1938	Charles E. Schmidt, Sr., establishes Tractor Supply as a mail-order business.
1939	Tractor Supply store #1 opens in Minot, N.D.
1959	Tractor Supply goes public on the over-the-counter market.
1964	Tractor Supply store #100 opens in Hutchison, Kan.
1979	Tractor Supply moves headquarters to Nashville, Tenn.
1983	Tractor Supply becomes a private company through a leveraged buy-out.
1994	Tractor Supply goes public and is listed on NASDAQ.
2004	Tractor Supply opens store support center in Brentwood, Tenn.
2011	Tractor Supply store #1,000 opens in South Hill, Va.
2018	Tractor Supply celebrates 80th Anniversary.
2021	Tractor Supply store #2,000 opens in White House, Tenn.
2022	Tractor Supply opens new store in Minot, N.D.

Customers are invited to join Neighbor's Club, Tractor Supply's free loyalty program. Members earn points with purchases, enjoy exclusive benefits, receipt free returns and more. For additional information, please visit NeighborsClub.com.

To learn more about Tractor Supply Company, visit TractorSupply.com.

About Tractor Supply Company

Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, has been passionate about serving its unique niche, targeting the needs of recreational farmers, ranchers and all those who enjoy living the rural lifestyle, for more than 80 years. Tractor Supply offers an extensive mix of products necessary to care for home, land, pets and animals with a focus on product localization, exclusive brands and legendary customer service for the Out Here lifestyle. With more than 45,000 Team Members, the Company’s physical store assets, combined with its digital capabilities, offer customers the convenience of purchasing products they need anytime, anywhere and any way they choose at the everyday low prices they deserve. At January 1, 2022, 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-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. At September 25, 2021, the Company operated 177 Petsense stores in 23 states. For more information on Petsense, visit www.Petsense.com.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220128005089/en/

Tractor Supply Company

Pat Warner

pat.warner@finnpartners.com

Source: Tractor Supply Company

FAQ

What milestone did Tractor Supply Company reach recently?

Tractor Supply Company recently surpassed 2,000 stores in the United States.

How many new stores is TSCO planning to open in 2022?

Tractor Supply Company plans to open 75-80 new stores in 2022.

Where is the latest Tractor Supply store located?

The latest Tractor Supply store opened in Minot, North Dakota.

What is the significance of the Minot location for TSCO?

The Minot location is significant as it is home to Tractor Supply's original retail store.

When did Tractor Supply Company start its business?

Tractor Supply Company began as a mail-order business in 1938.