Tractor Supply Company is one of the largest retail chains in the United States that caters to customers in the agriculture, pet and home improvement markets. Founded in 1938 in Minot, North Dakota, the company has grown to over 1,900 stores across 49 states, with its headquarters in Brentwood, Tennessee. With such a massive reach, the question that often comes to mind is, who owns the Tractor Supply Company?
The Beginnings of Tractor Supply Company
The Tractor Supply Company was established by Charles E. Schmidt in 1938 in Minot, North Dakota, catering to the needs of farmers by providing essentials such as tractors, plows, and other farming equipment. Schmidt's vision to provide quality products and services at an affordable price worked and led to the expansion of the business. Eventually, the company added pet and home improvement products, creating a diverse range of items for its customers.
Ownership of Tractor Supply Company
The current owner of Tractor Supply Company is Hal Lawton, a seasoned retail executive with over 20 years of experience in the industry. Before joining Tractor Supply, Lawton was a senior vice president at the Home Depot, where he was in charge of various services and online strategies. In addition to his role as CEO, Lawton is also a member of the Board of Directors, overseeing the operations of the organization. He took over from Greg Sandfort, who retired after more than a decade with the company.
Recent Developments at Tractor Supply Company
Under Lawton's leadership, Tractor Supply Company has made some significant developments, such as investing in e-commerce, introducing curbside pickup amid the COVID-19 pandemic, and expanding services. The company has also acquired various businesses that cater to its primary customers, strengthening its supply chain and enhancing customer experience. Furthermore, the organization has prioritized sustainability, reducing its carbon footprint, and has been recognized for its efforts.
Conclusion
In conclusion, the Tractor Supply Company is one of the leading retail chains in the United States. Charles E. Schmidt, the company's founder, had a vision to provide affordable and high-quality products to farmers, which has evolved with time. Tractor Supply Company's current CEO, Hal Lawton, has made significant strides in expanding the business, introducing new technologies and services, and strengthening its supply chain, among other achievements. As the company continues to grow, it is evident that Tractor Supply Company is committed to providing quality products and services while prioritizing sustainability, benefiting the community and environment.