| Market Capitalization (Millions $) |
108 |
| Shares
Outstanding (Millions) |
44 |
| Employees |
1,196 |
| Revenues (TTM) (Millions $) |
336 |
| Net Income (TTM) (Millions $) |
-4 |
| Cash Flow (TTM) (Millions $) |
-11 |
| Capital Exp. (TTM) (Millions $) |
10 |
Business Description
Tile Shop Holdings Inc. is a specialty retailer of natural stone and tile products intended for home improvement and remodeling projects. The company was founded in 1985 and is headquartered in Plymouth, Minnesota, USA. It operates over 140 stores across the United States, with a significant portion located in the Northeast region.
The company's products and services include floor and wall tile, decorative tile, porcelain tile, glass tile, natural stone, engineered stone, sealers, cleaners, and installation materials. Tile Shop's products cater to both do-it-yourself (DIY) customers and trade professionals, including interior designers, contractors, and builders.
Tile Shop primarily sources its products from overseas manufacturers, mainly from Italy, Spain, and Turkey. The company has established partnerships with several factories and distributors in these countries, enabling it to offer a vast selection of high-quality products at competitive prices. Tile Shop has also invested heavily in its supply chain and logistics infrastructure to ensure timely delivery of its products to its stores and customers.
Apart from selling tiles and natural stones, the company provides installation services to customers. It has a team of in-house installation experts, known as Pro Network, who are trained and certified to install Tile Shop products with precision and professionalism.
In terms of its financial performance, Tile Shop Holdings Inc. reported revenues of around $375 million in 2020. The company's sales have grown at a compounded annual rate of5% over the past ten years. Tile Shop has also been profitable, with a net income of around $27 million in 2020.
As a specialty retailer in the home improvement sector, Tile Shop competes with other retailers such as Home Depot, Lowe's, and Floor & Decor. However, the company's focus on providing a wide variety of high-quality products, combined with its seamless installation services, has helped it establish a loyal customer base.
In conclusion, Tile Shop Holdings Inc. is a specialty retailer of natural stone and tile products with a vast selection of offerings sourced primarily from overseas manufacturers. It provides installation services through experts trained in-house and has established partnerships across several regions with factories and distributors. The company has a successful financial track record and competes with well-known retailers in the home improvement sector.
Company Address: 14000 Carlson Parkway Plymouth 55441 MN
Company Phone Number: 852-2950 Stock Exchange / Ticker: TTSH
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