Ashley HomeStore

Ashley HomeStore is an American furniture store chain that sells Ashley Furniture products. Opened in 1997, the chain comprises over 800 locations worldwide.[1][2] The chain has both corporate and independently owned and operated furniture stores.

Ashley HomeStore
TypeSubsidiary
IndustryFurnishings, Franchising
Founded1997 (1997)
Anchorage, Alaska, U.S.
HeadquartersBrandon, Florida, U.S.,
Number of locations
1,000 (2019)
Key people
Ronald G. Wanek, Founder
Todd R. Wanek, CEO
ProductsUpholstered furniture and casegoods
Revenue$3.3 billion USD
Number of employees
4,000
ParentAshley Furniture Industries
(1997–present)
Websiteashleyfurniture.com AshleyHomeStore.ca

History

The first Ashley HomeStore opened in Anchorage, Alaska in 1997. Since then, the company has become the #1 home furniture retailer in North America.[3] It has stores located throughout the United States, Canada, Chile, Mexico, Central America, Japan,[4] Kazakhstan, Singapore, Saudi Arabia, United Arab Emirates and Bangladesh.[2]

Though many Ashley HomeStores are independently owned and operated, all of the furniture sold is not manufactured by Ashley.Someoftheir furniture is made in Vietnam, but the salespeople are told it is all made in the United States. The 100th HomeStore store opened in 2003, the 200th in 2005. It became the fastest-growing furniture chain and top selling furniture brand worldwide in 2006 and open its 300th store in 2007.[5]

At the time when Jennifer Convertibles filed for Chapter 11 bankruptcy protection in July 2010, Ashley was listed as having a $1.4 million claim against Jennifer. When Jennifer emerged from bankruptcy in February 2011, it controlled six Ashley Homestores in the New York City area.[6]

In February 2014, Ashley HomeStore opened its 500th HomeStore in Longview, Texas.[7] As of November 2017 there are over 750 Ashley HomeStore locations across the globe.[8]

In April 2015, Ashley HomeStore made its first incursion in South America by opening its first store in Punta Arenas, Chile.[9]

Ashley Furniture Industries

The parent company of Ashley HomeStore,[10] Ashley Furniture Industries, headquartered in Arcadia, Wisconsin, is the world's largest home furniture manufacturer. Owned by father and son team, Ron and Todd R. Wanek, the company manufactures and distributes home furnishings throughout the globe. The company employs more than 18,000. In 2013, the company built a 3.8 million square foot manufacturing and distribution complex in Advance, North Carolina.[11][12]

Charity

Ashley Homestore has raised over $6 million for St. Jude Children's Research Hospital.[13] The company hosts the annual Midwest Ashley for the Arts, whose proceeds go towards children's charities, school and other different humanitarian initiatives. Most Ashley Homestore locations also support the Hope to Dream foundation which donates mattresses to kids aged 6-16 that do not have one.[14]

References
  1. "Our Story". Corporate.ashleyfurniturehomestore.com. 2008-10-22. Archived from the original on 2010-03-11. Retrieved 2014-02-09.
  2. "Ashley Furniture HomeStore Opens New Store in Kallang, Singapore | Furniture Today". www.furnituretoday.com. Retrieved 2018-04-05.
  3. "Ashley unseats Wal-Mart as No. 1 retailer - 2008-08-25 00:00:00". Furniture Today. Retrieved 2014-02-09.
  4. "Zimmerman Redecorates Ashley Furniture HomeStores Brand (Press release)". Reuters. 2009-04-27. Archived from the original on 2012-11-14. Retrieved 2019-10-25.
  5. "The Top 50 Retailing Giants". Home & Textiles Today. Hometextilestoday.com. 2007-07-16. Archived from the original on 2009-08-15. Retrieved 2014-02-09.
  6. Engel, Clint (23 February 2011). "Jennifer Convertibles emerges from Chapter 11 bankruptcy". Furniture Today. Furniture Today. Retrieved 30 April 2015.
  7. "Ashley Furniture HomeStore Celebrates 500th Store Opening". PR Newswire. Retrieved 12 July 2017.
  8. "Ashley Furniture HomeStore Opens New Store in Costa Rica | Furniture Today". www.furnituretoday.com. Retrieved 2017-11-28.
  9. "Ashley Furniture HomeStores open in Mexico, Chile | Furniture Today". www.furnituretoday.com. Retrieved 2017-03-28.
  10. "FAQs". Ashleyfurniture.com. Retrieved 2014-02-09.
  11. "Todd & Ronald Wanek's Successes". Forbes. Alex Morrell. Retrieved 2013-09-17.
  12. "Company Locations" Archived 2018-04-03 at the Wayback Machine, Ashley Furniture corporate website, accessed 2018
  13. "St.Jude dream home". ABC 23. ABC 23. Archived from the original on 6 June 2014. Retrieved 29 May 2014.
  14. "Ashley for the Arts". About.com. Judy Hedding.
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