As of Apr 1, 2017, the company operated 1,769 stores in 49 states, including 152 Petsense stores and 12 stores under the "Del’s Feed & Farm Supply" name in Washington, Oregon, Idaho and Hawaii.
In fiscal 2016, the company opened 113 and closed 6 Tractor Supply stores. Additionally, in the fourth quarter of fiscal 2016, the company acquired 136 Petsense stores and opened a further 7 stores. During the first quarter of fiscal 2017, the company 22 net new Tractor Supply stores and 9 Petsense stores. The company expects to open approximately 100 new Tractor Supply stores and 25-30 new Petsense stores in fiscal 2016. Thereafter, the company estimates long-term domestic growth potential for an additional 900 new Tractor Supply stores and up to 1,000 Petsense stores.
Tractor Supply leases approximately 94% of store sites and owns the remaining 6%. Approximately 54% of stores are in freestanding buildings and 46% are located in strip shopping centers. Tractor Supply stores typically range in size from 15,000 to 20,000 square feet of inside selling space along with additional outside selling space. A standard 15,500 square foot prototype is used for most new built-to-suit locations. In some smaller markets the company utilizes a 12,500 square foot format with slightly less inventory and lower occupancy costs than the prototype but a similar product assortment. Stores are primarily located in towns outlying major metropolitan markets and in rural communities.
|Total gross square feet (M)||34,274||33,769||30,690||22,176||20,470||18,893|
|Total gross square feet growth||9.1%||10.0%||7.9%||8.3%||8.3%||7.9%|
|Avg store gross sq ft||16,000||19,400||20,600||16,000||16,000||16,100|
|Avg store gross sq ft growth||-6.2%||-5.8%||0.3%||0.0%||-0.1%||-0.4%|
Notes:Calculated based on inside store square footage, and excludes outside selling space