GREENSBORO, N.C.–Replacements Ltd. plans to expand its main facility by 200,000 square feet, which almost doubles its current size of 225,000 square feet. The facility houses its corporate headquarters, retail store, museum and main warehouse.
Initially the expansion, which will be the most significant capital investment in Replacements’ history at an estimated $7 million, was scheduled to happen two years ago, but with the troubling economy the plans were put on hold.
“We’ve taken our time and been very thorough in making a sound business decision that will put Replacements in a position to continue to thrive,” said Bob Page, founder and chief executive officer, Replacements. “As we approach our 30th anniversary early next year, this expansion is truly a long-term investment in the future of our company, our employees and our community.”
This will be the company’s second expansion at this facility, and will create a working area of approximately 425,000 square feet, with the balance used for warehousing.
“This expansion will allow us to more efficiently store and manage our inventory that is currently housed at multiple locations,” said Scott Fleming, president. “We will be able to consolidate our warehousing operations, reduce storage costs and improve our pick/pack operations by creating a new high-density pull zone for our top selling patterns.”