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A Floor & Decor in Brookhaven, Georgia

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 (a suburb of Atlanta).[3]

History

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 their 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 Floor & Decor is expected to begin a $160 million expansion of the company that will 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]

Services

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]

Area served

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]

References

  1. ^ "Floor & Decor Holdings Inc (FND)". Reuters. Retrieved 2018-08-23.
  2. ^ a b "Floor & Decor Holdings, Inc. (FND)". Yahoo! Finance. Retrieved 2018-08-23.
  3. ^ a b Hirsch, Lauren (2017-01-11). "Floor & Decor revives IPO plans: sources". Reuters. Archived from the original on 2017-05-08. Retrieved 2018-08-23.
  4. ^ a b Ortiz, Christopher (2018-09-10). "Floor & Decor opens its doors in Albuquerque". Albuquerque Business First. American City Business Journals. Retrieved 2018-09-11.
  5. ^ a b Schenke, Jarred (2018-09-28). "Floor & Decor Looking At New HQ As It Rapidly Expands". Biznow. Retrieved 2018-09-29.
  6. ^ "Company Overview of Floor & Decor Holdings, Inc". Retrieved 2018-08-25.
  7. ^ Wilson, Marrianne (2017-05-03). "Specialty flooring retailer completes IPO". Chain Store Age. Retrieved 2018-08-28.
  8. ^ Dezember, Ryan; Driebusch, Corrie (2017-05-03). "Housing Recovery Helps Home-Improvement Firms Avoid Retail Blues". The Wall Street Journal. Retrieved 2018-08-23.
  9. ^ "Floor & Decor (FND) Expands Footprint With New Store in NJ". Yahoo!. Retrieved 30 January 2024.
  10. ^ "FORM 10-Q" (PDF). Retrieved 2018-09-08.
  11. ^ "2017 Russell US Indexes reconstitution" (PDF). Retrieved 2018-08-23.
  12. ^ "Company Overview of Floor and Decor Outlets of America, Inc". 2018-08-25. Retrieved 2018-08-25.

External links

source: https://en.wikipedia.org/wiki/Floor_%26_Decor