The opening ceremony brought together officials from all the key entities involved in the transaction that resulted in the new Floor and Decor facility, including the Savannah Economic Development Authority the State of Georgia the City of Bloomingdale the Georgia Ports Authority CBRE Group Inc., which worked with Floor and Decor on the project and Duke Realty, which has been in charge of development of the new distribution center complex. With 30 new positions and the retention of the 55 jobs that are shifting over from the former Floor and Decor distribution center, plus another 47 positions at Floor and Decor’s 68,000-sq-ft Savannah retail store and design center, the Atlanta-based company now employs an estimated 132 people in the Savannah area. The new, state-of-the-art facility in the Morgan Business Center incorporates modern features that will help Floor and Decor facilitate product storage and more-efficient distribution to its retail stores in the eastern U.S. The complex has convenient truck and rail access to the busy Port of Savannah, approximately 11 miles away. The new Floor & Decor facility sits on a 90-acre site within the Morgan Business Center, a 250-acre park in the western suburb of Bloomingdale. At 1.4 million sq ft, it is the second largest distribution center in the major Southern port city of Savannah, Ga. Floor and Decor recently celebrated the opening of a new distribution center. 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.Savannah, Ga. 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 2017, the company had their initial public offering with a 53% gain and ended having the largest IPO increase of the year. Floor & Decor was profitable for the five year period before their initial public offering (IPO). The company had a net income of more than $26 million in 2016. In the five years between 20 the company doubled in size and revenues went from $277 million in 2011 to more than $772 million in 2016. The company changed its name to Floor & Decor Holdings, Inc. The company was founded as FDO Holdings in 2000 by George West, whose family ran West Building Materials. During the first six months of 2018, the company opened five new warehouse-format stores.įloor & Decor Holdings is listed on the New York Stock Exchange and is a constituent of the Russell 1000 index. Floor & Decor also sells products through its online retail platform. As of December 2018, the company operated 100 warehouse-format stores and a small-format standalone design center in 28 states. The company serves professional installers, commercial businesses, and do it yourself customers. 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). The company’s stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories.
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