Ashley Furniture Industries

Ashley Furniture Industries, Inc. is an American home furnishings manufacturer and retailer,[2] headquartered in Arcadia, Wisconsin. The company is owned by father and son team Ron and Todd Wanek. Ashley Furniture manufactures and distributes home furniture products throughout the world.[3]

Ashley Furniture Industries, Inc.
TypePrivate
IndustryFurnishings
Founded1945 (1945)
Chicago, Illinois, U.S.
FounderCarlyle Weinberger
HeadquartersArcadia, Wisconsin, U.S.
Key people
Todd R. Wanek (CEO)
Ronald G. Wanek
ProductsUpholstered furniture and casegoods
Revenue US$5.7 billion (2018)[1]
Number of employees
31,000 (2018)[1]
SubsidiariesAshley Furniture HomeStore
Websitewww.ashleyfurnitureindustriesinc.com

Ashley Furniture Industries sells home furnishings and accessories available through two distribution channels: independent furniture dealers and more than 700 Ashley Furniture HomeStore retail furniture stores, which are independently owned and operated by licensees in the United States, Canada, Mexico, Central America, and Japan.[4] It has manufacturing and distribution facilities in Wisconsin, Mississippi, California (only manufacturing closed in 2016 distribution facility remains), Indiana, Pennsylvania, North Carolina, Florida, China, and Vietnam.

History

Carlyle Weinberger founded Ashley Furniture in Chicago in 1945 as a sales operation. Specializing in wooden occasional furniture, Ashley marketed goods made by local companies. Later the company opened a branch in Goshen, Indiana. In 1970, Ashley invested in the Wisconsin-based Arcadia Furniture, founded by Ronald G. Wanek. When Wanek moved to Arcadia to open his own factory he took with him Eugene Vogel's son, Chuck. The two began doing production work for Ashley Furniture. Even though Arcadia started out as a small production plant for Ashley's lines in 1976, Wanek and group of investors bought out Weinberger, taking control of Ashley Furniture. At first the two companies maintained their separate identities, with Arcadia focusing on production and Ashley on sales.

By 1982, the merged company's annual sales reached $12 million and it had moved its corporate headquarters from Chicago to Arcadia. By the mid-1980s, Ashley offered a line of roughly 350 different furniture products, and had turned its design and manufacturing away from "heirloom pieces" toward products aimed at middle-income buyers. The company's growing network included wholesalers such as Levitz Furniture and mass-retailers such as Sears, Kmart, and Montgomery Ward, in addition to smaller retailers. Sales had climbed to more than $44 million by 1985.

In 1994 Ashley acquired upholstery manufacturer Sklar-Peppler, and by the late 1990s the company was operating assembly and distribution plants in Seattle, Washington; Pomona, California; New Brunswick, New Jersey; and Orlando, Florida. Gambling that motion furniture was a strong growth area, Ashley acquired Gentry Furniture, of Ripley, Mississippi in 1999. That same year the company also branched out into retailing, licensing Ashley Furniture HomeStores to independent dealers. The chain grew in its first year to approximately 40 stores.[5]

By 2000, Ashley Furniture Industries employed more people in Arcadia than the town's population. The plant in Arcadia had grown from 35,000 square feet (3,300 m2) in 1970 to 1,500,000 square feet (140,000 m2). In 2015, the US Occupational Safety and Health Administration imposed $1.7 million in fines on Ashley due to unsafe working conditions at its Arcadia plant which caused over one thousand injuries to workers.[6]

Today the company maintains plants across the United States and also operates several factories (including its largest) in Pacific Rim countries such as Vietnam and China. They also have sourcing offices in India, Vietnam, Southern China, Muar (the furniture hub of Malaysia), and Taiwan.[7] Ron Wanek is currently Chairman of the Board and Todd Wanek is currently President and CEO.[8]

Retail presence

The Ashley HomeStore chain of furniture stores is composed of corporate owned stores and independently owned stores with licenses to sell Ashley Furniture products exclusively, including mattresses and accessories. There are over 1000 Ashley Furniture HomeStore retail furniture stores operating worldwide. [9][4] Ashley Furniture HomeStore is a retail brand which sells home furniture and accessories. Ashley Furniture HomeStore CEO is Todd Wanek, who replaced CEO Mark Dufresne in 2017.[4]

Memorial Park

Ron Wanek designed and built Memorial Park in Arcadia, Wisconsin, with donations from Ashley Furniture. The park is dedicated to the soldiers who have served in wars throughout the history of the United States. The walkway in the park serves as a time line, beginning at the founding of the United States and proceeding into the future. A monument is located for each war at its place in time.

References
  1. http://www.forbes.com/companies/ashley-furniture-industries/#27415d2832b3. Retrieved 19 September 2019.
  2. Craver, Richard (June 3, 2015). "Firms have sights on Ashley Furniture". Winston-Salem Journal. Retrieved June 26, 2015.
  3. "Ashley Furniture Industries". Forbes. October 2014.
  4. "Dufresne leaves Ashley Global". Furniture Today. January 18, 2017. Retrieved October 26, 2019.
  5. "Answers - The Most Trusted Place for Answering Life's Questions". Answers.
  6. Abrams, Rachel (February 2, 2015). "OSHA Cites Ashley Furniture Over Dozens of Safety Violations". The New York Times. ISSN 0362-4331. Retrieved March 9, 2016.
  7. "Ashley HomeStores, Ltd.: Private Company Information - Bloomberg". investing.businessweek.com. Retrieved October 23, 2017.
  8. "Archived copy". Archived from the original on December 8, 2009. Retrieved May 27, 2009.CS1 maint: archived copy as title (link)
  9. "Ashley Furniture HomeStore Opens New Store in Kallang, Singapore Furniture Today". Furniture Today. April 4, 2018. Retrieved October 26, 2019.
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