Floor & Decor to Open First New Jersey Location Today

Wayne, NJ, July 23, 2015—Atlanta-based Floor & Décor is opening its first New Jersey store in Wayne, New Jersey.

The new location will occupy a 90,000-square-foot space formerly inhabited by Costco, according to NorthJersey.com.

Floor & Décor sells hard surface flooring only (hardwood, laminate, vinyl, porcelain tile and stone), no carpet or rugs. The company’s business model is unique to the industry, as it buys product lots from wholesalers and sells them until they are gone.

The retailer, which was founded in 2000, now has 54 locations.

In November 2014, Floor & Décor Holdings, which was acquired in 2010 by Ares and Freeman Spogli, filed with U.S. regulators for an initial common offering of public stock.