The company Floor & Decor Holdings, Inc. was established in 2000 and is headquartered in Smyrna, Georgia. It is one of the largest flooring retailers in the United States. The company has a wide selection of carpet, hardwood, tile, and more. It has more than 220 stores in all 50 states. The company has a reputation for providing high-quality flooring at affordable prices. Its mission is to help people live better and look better.
The company is focused on growth and is aiming to open 500 locations worldwide by 2022. The company has grown its store count by 17.8% annually for the last five years, and it expects to continue to grow at this rate. In addition to adding new stores, Floor & Decor is also planning to increase its presence in existing markets by opening 20 additional locations in the next two years.
The company serves a wide range of customers, including homeowners, DIYers, and professional flooring contractors. For professional clients, Floor & Decor provides a dedicated team to answer questions about their product selection and installation. For homeowners, Floor & Decor offers free design services, priority checkout, and financing solutions. It also has a mobile app to help customers find a product that suits their needs.
The company is a strong business and has an excellent opportunity to occupy a larger piece of the hardwood flooring market. Its scale and relationships with manufacturers allow it to sell its products at prices well below competitors. It also has superior service and selection compared to major home improvement centers and independent flooring retailers. Moreover, it maintains a greater in-stock inventory than any other competitor. Its model of distribution and logistics means it can grow by 20% annually for the foreseeable future.
As an industry leader in hardwood flooring, Floor & Decor has a unique business model and a talented management team. It occupies 8% of the $24B hardwood flooring market and has a long runway for reinvestment. The company has an excellent reputation among its customers and has a competitive edge in terms of scale, inventory and pricing.
Floor & Decor’s owners are preparing for an IPO later this year. They expect to interview banks in the coming weeks. The company currently has 30 locations in the U.S., ranging from 60,000 to 100,000 square feet. The company has a product portfolio of more than 2,500 items.
The company’s executives are highly experienced. Tom Taylor began his career at a Miami Home Depot store in 1983 and worked his way up to executive vice president of merchandising. Lang has held CFO and vice president finance positions at other companies. Laube is a former executive at Bath and Body Works and Party City.
The company is committed to minimizing its impact on the environment. The company’s warehouse-format stores have LED lighting and high-efficiency HVAC units. Additionally, the company has a centralized distribution center that uses energy-efficient lighting. The company is also committed to reducing the amount of transportation emissions.