Tractor Supply Co. to Buy Del’s
Brentwood, Tenn., Retail farm and ranch store chain Tractor Supply Co. today announced it has signed a letter of intent to purchase privately held Del’s Farm Supply of Lakewood, Wash. Del’s operates 17 stores primarily in the Pacific Northwest.
Del’s 2004 sales were approximately $34 million, of which 70% was in the equine, animal and pet category.
Tractor Supply Co. is expected to maintain the Del’s name as a second retail concept.
Tractor Supply Co. operates 547 stores in 34 states.
A&P Names New Executive Management
Montvale, N.J., The Great Atlantic & Pacific Tea Co., Inc. will be changing its senior executive management for business in the United States. The change is expected to be finalized by mid-August. The announcement comes after the company sold A&P Canada to Metro Inc.
Christian Haub will become executive chairman of A&P on Aug. 15. He is currently chairman and CEO. Eric Claus will become president and CEO of A&P. Claus was president of A&P Canada. In addition to the position changes, Brian Piwek, president and chief operating officer, will retire July 31.
Sears Launches WebTV
Toronto, Sears Canada Inc. launched an online shopping program called Sears WebTV – www.searswebtv.ca. Sears WebTV programs feature eight merchandise categories at a time. The programs are 30 minutes long and are hosted by designer Sandra Gayle, best known for her work on HGTV’s Design Challenge.
“This new online shopping program is a key differentiator for us,” said Frank Rocchetti, senior VP, merchandising and marketing, Sears Canada. “We look forward to reviewing the data from the results in hopes that we can continue to refine the program and provide an even better shopping experience for our on-line customers while seeing a positive return on investment.”