Brentwood-based Tractor Supply Company wants to double its footprint over the next decade. It’s opened more than 60 stores this year, mostly in rural areas. TSC is also trying to piggyback on the success the nation’s largest retail chain.
Talking with a group of investors in New York, Tractor Supply Chief Financial Officer Anthony Crudele says his company loves to locate stores near Walmart.
“Because they’re going to be a traffic generator. As much as there’s some overlap in product and merchandise. It’s not significant.”
Walmart may have power tools and lawn mowers. But you’re not likely to find livestock feeders, veterinary supplies, or electric fence wire, which TSC markets to what it calls “recreational farmers and ranchers.” As Walmart expands into supercenters, Crudele says its older smaller stores are ideal locations for Tractor Supply, which is looking to expand to 2,100 locations over the next decade.