Tractor Supply Co.® is a unique and successful business model in the retail industry. The company has been around since 1938, so it’s no surprise that they’ve had plenty of time to figure out what works and what doesn’t. So let me give you the rundown on how Tractor Supply Co. operates its stores:
A research-based business model to help protect people’s health while delivering a great product.
Tractor Supply is a unique business model that has been recognized for its innovative approach to health and wellness, customer service, employee training, and community involvement.
The Tractor Supply Company was founded in 1938 by John W. Schoenfelder in North Carolina as a small farm implement store with one product line. Today it is the largest rural lifestyle retail chain in the United States with more than 900 stores across 44 states. Although their business has grown over the years, their core values have stayed the same: provide customers with quality products at fair prices; provide employees with opportunities for growth through training programs; support communities through volunteerism activities like Habitat for Humanity build days or food drives; keep overhead expenses low by keeping headquarters out of major cities (Lewisburg TN); invest profits back into your business rather than pay dividends out to shareholders (no public stock).
A unique and successful business model
Tractor Supply is a retail store that sells farm supplies and equipment. It was founded in 1938 by John Richard Pemberton, who wanted to provide farmers with durable products at reasonable prices. Today, Tractor Supply is owned by Lindsay Corporation and has over 1,300 stores in the United States and Canada. Each store has an average of 100 employees selling more than 30,000 products ranging from tractors and trailers to lawn mowers and animal feed. In 2018 alone, Tractor Supply had $8 billion in annual sales—and it’s only getting bigger!
I hope you found this article helpful. I love reading about the different types of businesses and how they work, so I hope you enjoyed it too! If you want to learn more about Tractor Supply Co’s business model, visit their website