The Sherwin-Williams Company, the largest specialty retailer of paint and painting supplies in the U.S., has opened its 3,500th retail location in U.S., Canada and the Caribbean.
The store opening announcement suggests that the Cleveland, OH-based paint company's sprawling Paint Stores Group remains on a roll.
The Sherwin-Williams Company
The new store, located in Rancho Santa Margarita, CA, is the 70th retail location that Sherwin-Williams has opened this year.
The group has reported record net sales and earnings in the last two quarters. Net sales increased by 9.6 percent to $1.55 billion in the third quarter and by 14.6 percent to $1.49 billion in the second quarter.
New California Digs
Located in Rancho Santa Margarita, CA, the new store is the 70th retail location the paint maker has opened in 2012, according to the company.
The 4,000-square-foot store is number 11 for Orange County and number 147 for California, the company added.
"By expanding our retail footprint, we are able to offer our exceptional products and service to even more customers," said Jay Davisson, president and general manager, Sherwin-Williams Paint Stores Group. “We provide a high level of personalized service with expert advice from salespeople who understand everything from the color selection process to choosing the right product for the job."
Paint Store Offerings
Like other Sherwin-Williams Paint Stores, the Rancho Santa Margarita location will offer the latest products, such as Emerald Paint, the HGTV Home line, specialty paint products, as well as wallpaper and painting supplies.
Moreover, the stores provide many services to painting professionals including job-site delivery, custom color matching, specification assistances and technical advice.
Strong Growth in Paint Stores
Sales volumes and operating results by the Paint Stores Group has been credited as the driving force behind the company's recent positive financial earnings.
"We are pleased to report record sales and earnings per share on the continued positive sales volume and strong operating results of our Paint Stores Group," said Chairman and CEO Christopher M. Connor, in announcing the company's third-quarter results.
"Selling price increases implemented across all segments in the previous 12 months are gaining traction against the higher raw-material costs," he said.
The company reported total net sales of $2.60 billion for the third quarter ended Sept. 30.