Online retail firm CSN Stores has announced it open a new distribution center in Hebron, KY, by this fall. The new hub's nearly $7.7 million investment is expected to create up to 105 jobs in Northern Kentucky over the next few years. The company plans to occupy a 155,000-sq.-ft. facility in Boone County.
"CSN is very excited to set up its newest distribution center in Boone County," said CSN's CFO Nicholas Malone. "The combination of its central location and a talented employee base makes it a perfect fit for our growing organization."
CSN is America's second-largest retailer of home goods, offering more than 3 million items from 5,000 brands on its online sites (e.g, CSN Stores.com, AllModern.com). Its 2010 sales were 50 percent higher than those in 2009. So far in 2011, sales have grown another 50 percent over 2010, and are on course to surpass $500 million by year's end.
The Kentucky Economic Development Finance Authority preliminarily approved CSN Stores for tax incentives up to $2 million through the Kentucky Business Investment program. The company keeps the performance-based incentive by meeting agreed-upon job and investment targets.
"The ability to ship products to customers in the most efficient and timely manner possible gives companies a competitive advantage," Gov. Beshear said. "CSN Stores' decision to add a Northern Kentucky distribution center to its network will certainly benefit its customers nationwide and our local job seekers."