Almo, the Philadelphia-based appliance, CE, housewares and pro A/V distributor, is investing its savings from the Trump administration’s new tax legislation in its employees and infrastructure.
President/CEO Warren Chaiken said Almo’s newly lowered tax structure will allow it to reward its employees with an incremental bonus of $1,000, as “they are the greatest asset we have to offer as a business.”
The family-held operation, now in its 72nd year, is also plowing its tax savings back into its corporate headquarters, sales offices, distribution centers and a new operating system. The new platform will boost efficiencies and further enhance the customer experience by allowing sales teams to process orders more effectively, Almo said.
The capital improvements include:
- a new 300,000-square-foot distribution center in Philadelphia to cover the Mid-Atlantic region, plus warehouse relocations in Nevada and Ohio to larger facilities;
- an ongoing headquarters renovation that includes a reconfigured first floor and a new 7,000-square-foot second floor that can accommodate 65 additional employees;
- a new central office in Ft. Lauderdale for the company’s global operations and hospitality and new business groups; and
- a new, larger headquarters office in Baltimore for the Almo Professional A/V division that will allow for expansion and growth.
“We continue to be successful and have achieved our fifth consecutive year as a Top Workplace [as cited by Philly.com] because this is a ‘we and us’ company, not an ‘I and me’ company,” chairman Gene Chaiken said.