The Toro Company and Tractor Supply Company Announce Strategic Partnership
05 September 2019 - 2:30PM
Business Wire
Select Toro zero-turn mowers, walk mowers and
portable power equipment will be available at Tractor Supply
locations nationwide, starting spring of 2020
The Toro Company (NYSE: TTC) and Tractor Supply Company (NASDAQ:
TSCO) today announced a new long-term strategic partnership. Under
the terms of the partnership, Tractor Supply will be The Toro
Company’s exclusive partner in the farm and ranch channel for
select models of Toro zero-turn mowers, walk mowers and portable
power equipment in stores nationwide and online beginning in spring
of 2020. This partnership helps to expand Toro’s reach into the
rural lifestyle retail market and further strengthens Tractor
Supply’s product offering with a leading outdoor power equipment
brand.
As the largest rural lifestyle retailer in the United States,
Tractor Supply is continually growing and investing in its stores
and product offerings to meet the everyday needs of the rural
lifestyle customer. A similar philosophy drives The Toro Company
with its commitment to developing innovative products that help
customers increase efficiency and productivity in the field. Given
this shared commitment to customers and overall strategic
alignment, this new partnership provides a meaningful opportunity
for both companies to strengthen their reputation as premier
providers of outdoor products.
“At Tractor Supply, we strive to be a key destination for our
customers, providing them with the tools and products they need to
care for their home, land, pets and animals. As part of this
commitment, we are continually looking to expand our product
assortment by partnering with great companies like The Toro Company
whose products resonate with our customers,” said Greg Sandfort,
chief executive officer of Tractor Supply. “We look forward to this
product launch and being able to better serve our customers with
the Toro brand that has a strong reputation for innovation,
performance and productivity.”
“We are very excited to partner with Tractor Supply Company and
for the opportunity to further extend our reach and strong brand to
meet the lifestyle needs of rural homeowners,” said Rick Olson,
chairman and chief executive officer of The Toro Company. “In
partnering with a leading retailer like Tractor Supply, with a
strong history and focus on serving the farm and ranch customers,
this relationship complements our existing channel strategy and
footprint and helps us reach a customer segment that has long been
important to us.”
The product line will be available in Tractor Supply stores and
online at www.TractorSupply.com beginning next spring.
About The Toro Company The Toro Company (NYSE: TTC) is a
leading worldwide provider of innovative solutions for the outdoor
environment including turf and landscape maintenance, snow and ice
management, underground utility construction, rental and specialty
construction, and irrigation and outdoor lighting solutions. With
sales of $2.6 billion in fiscal 2018, The Toro Company’s global
presence extends to more than 125 countries. Through constant
innovation and caring relationships built on trust and integrity,
The Toro Company and its family of brands have built a legacy of
excellence by helping customers care for golf courses, sports
fields, construction sites, public green spaces, commercial and
residential properties and agricultural operations. For more
information, visit www.thetorocompany.com.
About Tractor Supply Company Tractor Supply Company
(NASDAQ: TSCO), the largest rural lifestyle retailer in the United
States, has been passionate about serving its unique niche, as a
one-stop shop for recreational farmers, ranchers and all those who
enjoy living the rural lifestyle, for more than 80 years. Tractor
Supply offers an extensive mix of products necessary to care for
home, land, pets and animals with a focus on product localization,
exclusive brands and legendary customer service that addresses the
needs of the Out Here lifestyle. With nearly 30,000 team members,
the Company leverages its physical store assets with digital
capabilities to offer customers the convenience of purchasing
products they need anytime, anywhere and any way they choose at the
everyday low prices they deserve. At June 29, 2019, the Company
operated 1,790 Tractor Supply stores in 49 states and an e-commerce
website at www.TractorSupply.com.
Tractor Supply Company also owns and operates Petsense, a
small-box pet specialty supply retailer focused on meeting the
needs of pet owners, primarily in small and mid-size communities,
and offering a variety of pet products and services. At June 29,
2019, the Company operated 177 Petsense stores in 26 states. For
more information on Petsense, visit
www.Petsense.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190905005163/en/
The Toro Company Heather Hille Director, Corporate
Affairs (952) 887-8923, heather.hille@toro.com
Tractor Supply Company Mary Winn Pilkington Vice
President, Investor and Public Relations (615) 440-4212,
mpilkington@tractorsupply.com
Toro (NYSE:TTC)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Toro (NYSE:TTC)
Historical Stock Chart
Von Jul 2023 bis Jul 2024