Behold the rare retailing IPO: Private-equity-backed home-improvement retailer Floor & Decor Holdings Inc. is expected to go public this week.
It touts double-digit sales gains and a growth strategy centered around building hundreds of big-box, brick-and-mortar stores across the U.S. At a time when other retailers have halted openings or are shuttering stores to keep up with a shift to online sales, the IPO almost seems plucked from a different era.
