Formerly | FDO Holdings, Inc. (2000–2017) |
---|---|
Company type | Public |
ISIN | US3397501012 |
Industry | Retail and services |
Founded | 2000Atlanta, Georgia, United States | in
Founder | George West |
Headquarters | , U.S. |
Number of locations | 191 (1 Jan. 2023) |
Area served | United States |
Key people |
|
Products | Hard surface flooring and related accessories |
Revenue | US$3,433.53 million (2021) |
US$283.23 million (2021) | |
Total equity | US$1,323.2 million (2021) |
Number of employees | 11,985 (December 29, 2022) |
Subsidiaries | Floor and Decor Outlets of America, Inc. |
Website | flooranddecor |
Footnotes /references [1] [2] [3] [4] |
Floor & Decor Holdings, Inc., branded as Floor & Decor, is a multi-channel American specialty retailer of hard surface flooring and related accessories that was founded in 2000 and headquartered in Smyrna, Georgia, United States (a suburb of Atlanta). [3]
The company was founded as FDO Holdings in 2000 by George West, whose family ran West Building Materials. [5] The company changed its name to Floor & Decor Holdings, Inc. in April 2017. [2] [6]
The company doubled in size in the five years between 2011 and 2016, and revenues went from $277 million in 2011 to more than $772 million in 2016. The company had a net income of over $26 million in 2016. Floor & Decor was profitable for the five year period before its initial public offering (IPO). [7]
In 2017, the company had its initial public offering with a 53% gain and ended up having the largest IPO increase of the year. [8]
In February 2018, Floor & Decor opened a new 1.4 million-square-foot distribution center on a 90-acre site in Bloomingdale, Georgia, just 11 miles from the Port of Savannah.
In September 2018, Bisnow reported that Floor & Decor was expected to begin a $160 million expansion of the company that would include 17 new store locations, a possible new headquarters in Atlanta, and nearly $30M in improving its e-commerce and technology infrastructure. [5]
In December 2023, Floor & Decor opened a new store in the New York City Metropolitan Area. [9]
The company’s stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. The company serves professional installers, commercial businesses, and do-it-yourself customers. As of December 2021, the company operated 160 warehouse-format stores, [4] and two small-format standalone design centers in 33 states. Floor & Decor also sells products through its online retail platform. During the first six months of 2018, the company opened five new warehouse-format stores. [10]
Floor & Decor Holdings is listed on the New York Stock Exchange and is a constituent of the Russell 1000 index. [11]
Floor and Decor Outlets of America, Inc. operates as a subsidiary of Floor & Decor Holdings, Inc. and operates retail outlets in 28 states. The company also sells its products online. [12]
Sears Canada Inc. was a publicly-traded Canadian company affiliated with the American-based Sears department store chain. In operation from September 18, 1952 until January 14, 2018, and headquartered in Toronto, Ontario, the company began as Simpsons-Sears—a joint venture between the Canadian Simpsons department store chain and the American Sears chain—which operated a national mail order business and co-branded Simpsons-Sears stores modelled after those of Sears in the U.S. After the Hudson's Bay Company purchased Simpsons in 1978, the joint venture was dismantled and Hudson's Bay sold its shares in the joint venture to Sears; with Sears now fully owning the company, it was renamed Sears Canada Inc. in 1984. In 1999, Sears Canada acquired the remaining assets and locations of the historic Canadian chain Eaton's. From 2014, Sears Holdings owned a 10% share in the company. ESL Investments was the largest shareholder of Sears Canada. Sears Canada operated 125 full-line department stores at its' peak.
JCPenney is an American department store chain with 656 stores across 49 U.S. states and Puerto Rico. It is managed as part of the Catalyst Brands portfolio alongside other apparel retailers such as Brooks Brothers and Eddie Bauer. Its departments include men's, women's and children's apparel, cosmetics, jewelry, and home furnishings along with leased departments managed by Shearshare, US Vision and Lifetouch. The chain focuses on affordable lifestyle products for middle class households.
Burlington, formerly known as Burlington Coat Factory, is an American national off-price department store retailer, and a division of Burlington Coat Factory Warehouse Corporation with more than 1,000 stores in 40 states and Puerto Rico, with its corporate headquarters located in Burlington Township, New Jersey. In 2007, it was acquired by Bain Capital in a transaction and in 2008, Tom Kingsbury became president and CEO. The company went public again in 2013. Burlington is the third largest off-price retailer after TJX Companies and Ross Stores.
Party City Holdco Inc. is an American chain of party stores founded in 1986 by Steve Mandell in East Hanover, New Jersey. The company's headquarters are in Woodcliff Lake, New Jersey.
The Michaels Companies, Inc. is an American retail holding company, headquartered in Irving, Texas. It was formed as a parent company of Michaels in 2014. As of 2021, The Michaels Companies operates its flagship brand, Michaels, and Artistree, a manufacturer of custom and specialty framing merchandise. There are over 1,252 arts and crafts stores located in the United States and Canada.
Euromarket Designs Inc., doing business as Crate & Barrel, is an international furniture and home décor retail store headquartered in Northbrook, Illinois. They employ 8200 employees across over 100 stores in the United States and Canada, with franchises in Central America, South America, Asia and United Arab Emirates.
J.Crew Group, Inc., is an American multi-brand, multi-channel, specialty retailer. The company offers an assortment of women's, men's, and children's apparel and accessories, including swimwear, outerwear, lounge-wear, bags, sweaters, denim, dresses, suiting, jewelry, and shoes.
Payless ShoeSource Worldwide, LLC, is an American multinational discount footwear chain. Established in 1956 by cousins Louis and Shaol Pozez, Payless was a privately held company owned by Blum Capital, and Golden Gate Capital. In 1961, it became a public company as the Volume Shoe Corporation, which merged with The May Department Stores Company in 1979. In the 1980s, Payless was widely known in the U.S. for its Pro Wings line of discount sneakers, which often had Velcro straps instead of laces. In 1996, Payless became an independent publicly held company. In 2004, Payless announced it would exit the Parade chain and would close 100 Payless Shoe outlets. On August 17, 2007, the company acquired the Stride Rite Corporation and changed its name to Collective Brands, Inc. As of 2020, Payless is owned by a group of investors led by Alden Global Capital and Axar Capital Management.
Emart Inc. is the largest retailer in South Korea. The retailer was founded on 12 November 1993, by Shinsegae, as the first discount retailer in South Korea. There were 160 stores across the Country as of December 2016.
Big C, operated by Big C Supercenter Public Company Limited under Big C Retail Corporation Public Company Limited, is a grocery and general merchandising retailer headquartered in Bangkok, Thailand. Big C is as of 2016 Thailand's second-largest hypermarket operator after Tesco Lotus. It has operations in five countries, namely Thailand, Laos, Cambodia, Vietnam and Hong Kong.
Designer Brands Inc. is an American company that sells designer and name brand shoes and fashion accessories. It owns the Designer Shoe Warehouse (DSW) store chain, and operates over 500 stores in the United States and an e-commerce website.
Lesso Home New York is a planned mixed-use development center located in the East Garden City section of Uniondale, New York, on Old Country Road & Merchants Concourse, currently owned by Lesso Mall Development Long Island Inc. The center is being built inside the mostly unoccupied Mall at the Source, which was named for its former anchor store Fortunoff operated until June 2009.
The Children’s Place is a retailer of clothing for children. It sells its products primarily under its proprietary brands The Children’s Place, Gymboree, Sugar & Jade, PJ Place and Crazy 8. The company has about 525 stores in the U.S., Canada and Puerto Rico, and also sells via two online outlets and through five franchise partners in 15 countries. Its product line includes tops, skirts, dresses, jackets, shoes, bottoms, sleepwear and backpacks. The Children’s Place is headquartered in Secaucus, New Jersey, U.S.
Sears Holdings Corporation was an American holding company headquartered in Hoffman Estates, Illinois. It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005. It was the 20th-largest retailing company in the United States in 2015. It filed for Chapter 11 bankruptcy on October 15, 2018, and sold its assets to ESL Investments in 2019. The new owner moved Sears assets to its newly formed subsidiary Transformco.
Wayfair Inc. is an American e-commerce company based in Boston, Massachusetts that sells furniture and home goods online. Formerly known as CSN Stores, it was founded in 2002, and currently offers 14 million items from more than 11,000 global suppliers. It has offices and warehouses throughout the United States and in Canada, Germany, Ireland, China and the United Kingdom.
Ballard Designs is an omnichannel retail company that designs and sells home furniture and accessories with a European influence. Formally part of Cornerstone Brands, a subsidiary of HSN Inc., the company is now one of the Qurate Retail portfolio brands, collectively owned by Qurate Retail Group. There are currently 17 retail stores: Three in Florida, Oak Brook, Illinois, King of Prussia, Pennsylvania, Natick, Massachusetts, Atlanta, Georgia, Mount Pleasant, South Carolina, Denver, Colorado, Tysons Corner, Virginia, Garden City, New York, Charlotte, North Carolina, Nashville, Tennessee, and four in Texas. There are also three outlet stores: one near its corporate headquarters in Atlanta, Georgia, one near its distribution center in West Chester, Ohio, and a third in Louisville, Kentucky. The company's Margate, Florida outlet closed in 2020. Other locations are slated to open in 2024 including Greenville, South Carolina.
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Sears Hometown and Outlet Stores Inc. was an American retail company that sold home appliances, lawn & garden equipment, apparel, mattresses, sporting goods, and tools. The company had four subsidiary store formats: Sears Hometown, Sears Outlet, Sears Hardware and Appliance, and Sears Home Appliance Showrooms. Sears Hometown and Outlet Stores was based in Hoffman Estates, Illinois. Sears Hometown and Outlet Stores was founded in April 2012. The company was a spun off from Sears Holdings in 2012. By May 2019, Sears Hometown and Outlet Stores & its independent dealers & franchisees operated a total of 639 stores across 49 states as well as in Puerto Rico & Bermuda. On June 3, 2019, it was announced that Transform Holdco would acquire Sears Hometown and Outlet Stores. As per the deal, Sears Hometown needed to divest its Sears Outlet division to gain approval. The company ceased to exist on October 23, 2019, when Franchise Group acquired the Sears Outlet division and Transform Holdco acquired the rest of the company.
Michaels Stores, Inc., more commonly known as Michaels, is a privately held retail chain of American and Canadian arts and crafts store. It is North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for makers and do-it-yourself home decorators. The company is part of The Michaels Companies, founded in 2014 and headquartered in Irving, Texas. In addition to Michaels stores, The Michaels Companies operates Aaron Brothers Custom Framing store-within-a-store, and Artistree, a manufacturer of custom and specialty framing merchandise. The company also develops over a dozen private brands sold in Michaels stores, including Recollections, Studio Décor, Bead Landing, Creatology, and Ashland. As of January 2021, there were 1,252 Michaels stores in 49 out of 50 states in the U.S., and Canada, with approximately $5.362 billion in sales for fiscal 2020.
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