CSG Snapshot: The Tile Shop
14000 Carlson Pkwy
Plymouth MN 55441
AR, AZ, CO, CT, DE, FL, GA, IA, IL, IN, KS, KY, MA, MD, MI, MN, MO, NC, NE, NJ, NM, NY, OH, OK, PA, RI, SC, TN, TX, VA, WI
President + CEO: Chris Hormeister
CFO: Kirk Geadelmann
Senior VP Operations: Joseph Kinder
Senior VP Retail: Carl Randazzo
CEO Chris Hormeister, in his current position since early 2015, is shoring up operations at The Tile Shop, and positive same-store sales growth is becoming the norm. Having scaled back the number of new store openings for the last two years (after a multi-year run of 20-30% annual unit growth), the company is set to move forward with a sensible, measured plan for 8-12% annual unit growth.
Source: Chain Store Guide’s Database of Home Center Operators & Hardware Chains. *CSG projection based on proprietary analysis and company statements. Actual figures are subject to change. This data is not intended for investment decisions.