STOCK TITAN

Tractor Supply Celebrates Grand Opening of Tenth and Largest Distribution Center in Maumelle, Arkansas

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Tractor Supply (NASDAQ: TSCO) has opened its largest distribution center in Maumelle, Arkansas. This 1.1 million square-foot facility, representing an investment of over $175 million, will create 500 full-time jobs. The center will serve 250 stores across the Southeast, Midwest, and Texas, and fulfill digital orders. The facility aims for a LEED Gold® certification and features a solar array system generating five million kilowatts of electricity annually, reducing its carbon footprint by 4,100 metric tons of CO2 per year. The center also employs autonomous mobile robots for efficiency.

Positive
  • Opened the largest distribution center in Maumelle, Arkansas, at 1.1 million square feet.
  • Investment of over $175 million in the region.
  • Creation of 500 full-time jobs for local residents.
  • The facility will serve 250 stores across multiple regions including the Southeast, Midwest, and Texas.
  • Includes a solar array system producing five million kilowatts of electricity per year.
  • The solar system reduces carbon footprint by approximately 4,100 metric tons of CO2 annually.
  • The facility aims for LEED Gold® certification.
  • First Tractor Supply facility to use autonomous mobile robots for small item fulfillment.
Negative
  • High initial investment of over $175 million, which may impact short-term financials.
  • Potential risks associated with the implementation of new automation technology.
  • Facility brings 500 full-time jobs to local residents and represents an investment of more than $175 million in the region
  • Arkansas Gov. Sarah Huckabee Sanders and Tractor Supply leadership attend grand opening celebration

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retailer in the United States, announced today the opening of its tenth and largest distribution center in Maumelle, Arkansas. The 1.1 million square-foot facility represents an investment of more than $175 million in the region and will create 500 full-time jobs for local residents.

Cody Ritchson, general manager of Tractor Supply's Maumelle Distribution Center, addresses the audience during the grand opening event. From left to right, Ritchson is accompanied on stage by Arkansas Governor Sarah Huckabee Sanders, Tractor Supply CEO Hal Lawton and Maumelle Mayor Caleb Norris. (Photo: Business Wire)

Cody Ritchson, general manager of Tractor Supply's Maumelle Distribution Center, addresses the audience during the grand opening event. From left to right, Ritchson is accompanied on stage by Arkansas Governor Sarah Huckabee Sanders, Tractor Supply CEO Hal Lawton and Maumelle Mayor Caleb Norris. (Photo: Business Wire)

“Our distribution centers play a critical role in our commitment to being a dependable supplier for our customers as they live Life Out Here,” said Hal Lawton, president and CEO at Tractor Supply. “Each one of our more than 2,200 stores has to have what our customers need, when they need it. As more people embrace this lifestyle and we continue to open new stores across the U.S., our new distribution center in Maumelle will help ensure that we are there for our customers when they need us, providing the legendary service they have come to know and love.”

The Maumelle facility will serve approximately 250 stores in the Southeast, Midwest and Texas, while also fulfilling digital orders in the region. Tractor Supply opened its first Arkansas store in Pulaski County in 1960, and today has 39 stores throughout the state. Tractor Supply also owns and operates eight Petsense by Tractor Supply locations in Arkansas.

Today, Lawton joined Gov. Sarah Huckabee Sanders and Maumelle Mayor Caleb Norris, as well as Team Members and other state and local representatives, for a grand opening celebration.

“I am proud to help welcome Tractor Supply to Maumelle and celebrate the jobs and investment they’re bringing to Central Arkansas,” said Gov. Sanders. “Today’s ribbon cutting shows that when we cut taxes, reduce regulations, and foster a business-friendly environment, great companies like Tractor Supply will choose Arkansas time and again.”

“On behalf of the City of Maumelle, I am proud to welcome Tractor Supply to our thriving industrial park,” said Maumelle Mayor Caleb Norris. “Boasting Tractor Supply’s largest distribution center in the nation is a major milestone for our city, and the company’s Out Here philosophy closely complements our live, work and play community spirit. It is an honor to bring an economic opportunity of this caliber to Maumelle’s residents and the greater state of Arkansas, and I look forward to a future of growth supported by our shared values.”

The Maumelle distribution center is registered with the certification goal of LEED Gold®. The building’s roof features a solar array system consisting of more than 10,000 solar panels that will produce five million kilowatts of electricity per year, enough to support operations during daylight hours. The solar panels will reduce the building’s carbon footprint by approximately 4,100 metric tons of carbon dioxide per year.

The facility is Tractor Supply’s first to utilize autonomous mobile robots at scale for small item fulfillment and will serve as a testing facility for other robotics designed to help reduce costs and increase productivity.

The building began receiving product in April and will begin shipping to stores and customers in June. To learn more about Tractor Supply’s distribution centers and view available employment opportunities, visit https://www.tractorsupply.careers/go/Distribution-Center/9175200/.

About Tractor Supply Company

For more than 85 years, Tractor Supply Company (NASDAQ: TSCO) has been passionate about serving the needs of recreational farmers, ranchers, homeowners, gardeners, pet enthusiasts and all those who enjoy living Life Out Here. Tractor Supply is the largest rural lifestyle retailer in the U.S., ranking 291 on the Fortune 500. The Company’s more than 50,000 Team Members are known for delivering legendary service and helping customers pursue their passions, whether that means being closer to the land, taking care of animals or living a hands-on, DIY lifestyle. In store and online, Tractor Supply provides what customers need – anytime, anywhere, any way they choose at the low prices they deserve.

As of March 30, 2024, the Company operated 2,233 Tractor Supply stores in 49 states. For more information on Tractor Supply, visit www.tractorsupply.com.

Tractor Supply Company also owns and operates Petsense by Tractor Supply, a small-box pet specialty supply retailer providing products and services for pet owners. As of March 30, 2024, the Company operated 202 Petsense by Tractor Supply stores in 23 states. For more information on Petsense by Tractor Supply, visit www.Petsense.com.

Tricia Whittemore (615) 440-4410

Mary Winn Pilkington (615) 440-4212

corporatecommunications@tractorsupply.com

Source: Tractor Supply Company

FAQ

What is the size of Tractor Supply's new distribution center in Maumelle, Arkansas?

The new distribution center is 1.1 million square feet.

How much has Tractor Supply invested in its new Maumelle distribution center?

Tractor Supply has invested over $175 million in the new Maumelle distribution center.

How many jobs will the new Maumelle distribution center create?

The new Maumelle distribution center will create 500 full-time jobs.

Which regions will the Maumelle distribution center serve?

The Maumelle distribution center will serve approximately 250 stores in the Southeast, Midwest, and Texas.

What environmental certifications and features does the Maumelle distribution center have?

The Maumelle distribution center aims for LEED Gold® certification and features a solar array system that produces five million kilowatts of electricity per year.

What technology is being used at Tractor Supply's new Maumelle distribution center?

The Maumelle distribution center uses autonomous mobile robots for small item fulfillment.

Tractor Supply Co

NASDAQ:TSCO

TSCO Rankings

TSCO Latest News

TSCO Stock Data

28.49B
106.52M
0.28%
97.89%
5.59%
Specialty Retail
Retail-building Materials, Hardware, Garden Supply
Link
United States of America
BRENTWOOD