Northern Tool + Equipment
Northern Tool + Equipment has seen sales grow 8 to 10 percent over the past five years, but it has slowed expansion. With its newly designed prototype store open in Minnetonka, the company intends to get back on its growth track when the economy recovers. The company plans to open two new stores in 2009.
Founded: 1980 by Don Kotula, who still owns the company with his two sons
Headquarters: Burnsville
Employees: 2,000
Annual sales: Nearly $1 billion
Catalog: About 55 percent of revenue
EXISTING LOCATIONS:
Texas, North Carolina: 11 each
Florida: 10
Minnesota: 9
Tennessee: 6
South Carolina, Georgia, Virginia: 5 each
Wisconsin: 2
Iowa, North Dakota: 1 each
Source: Northern Tool + Equipment
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