This excerpt taken from the BBW 8-K filed Dec 29, 2005.
DISTRIBUTION CENTER IN COLUMBUS, OHIO
ST LOUIS December 29, 2005 Build-A-Bear Workshop, Inc. (NYSE: BBW), an interactive, entertainment retailer of customized stuffed animals, today announced that it plans to build a 350,000-square-foot distribution center in Groveport, Ohio in the Groveport Commerce Center, located approximately 10 miles southeast of downtown Columbus. The center will convert an existing third-party distribution center located in St. Louis to a pool point and the new location in Columbus will serve as the primary distribution center for the companys North America store operations.
Our company has significantly broadened its national store presence over the past several years, and we have ambitious plans for future growth, said Barry Erdos, president and chief operating officer bear. We believe our new, centrally located state-of-the-art company-owned distribution facility will improve inventory control and management, realize greater efficiencies, and reduce operating costs. We appreciate the cooperation and support we have received from the city of Columbus and from the Village of Groveport. We look forward to building a long and lasting relationship with this community.
The Groveport distribution center will initially employ approximately 100 associates. The company anticipates hiring for the new facility will begin in mid-2006. The facility is expected to become fully operational beginning in September 2006. The company expects capital expenditures associated with the new distribution center will total approximately $24 million.
Build-A-Bear Workshop currently utilizes three distribution centers operated by third-party providers. These distribution centers are located in St. Louis, Toronto, Canada and Los Angeles. The company will continue to utilize third party distribution centers in Toronto and Los Angeles and will transition the St. Louis center to a distribution pool point for local markets after September 2006. Our partnership with JS Logistics has been both positive and supportive. As fellow entrepreneurs the management at JS shares our commitment to growth and we look forward to a continuing partnership said Erdos.