Ashley HomeStore

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Ashley Home Stores Ltd.
Ashley
FormerlyAshley Furniture HomeStore (1997–2016)
Ashley HomeStore (2016–2022)
Company type Subsidiary
IndustryFurnishings, Franchising
Founded1997;28 years ago (1997)
Anchorage, Alaska, U.S.
Headquarters Arcadia, Wisconsin, U.S.,
Number of locations
2,000 (2021)
Key people
Ronald G. Wanek, Founder
Todd R. Wanek, CEO
ProductsUpholstered furniture and casegoods
Revenue$5 billion USD
Number of employees
4,000
Parent Ashley Furniture Industries
(1997–present)
Website www.ashleyfurniture.com ashleyhomestore.ca

Ashley Home Stores Ltd. (doing business as Ashley and still known as Ashley Furniture HomeStore in some countries) is an American furniture store chain that sells Ashley Furniture products. Opened in 1997, the chain comprises over 2,000 locations worldwide. [1] [2] The chain has both corporate and independently licensed and operated furniture stores.

Contents

History

The first Ashley Furniture 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, Morocco, Chile, Mexico, Puerto Rico, Egypt, Central America, Japan, [4] India, Turkey, Singapore, Saudi Arabia, Pakistan, Kazakhstan, Armenia, Georgia, Ukraine, Mongolia, Kuwait, Cambodia, Vietnam and Bangladesh. [2]

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 opened its 300th store in 2007. [5]

Map of countries with Ashley Homestores Countries With Ashley Homestores.png
Map of countries with Ashley Homestores

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

In February 2014, Ashley Furniture HomeStore opened its 500th store in Longview, Texas. [7] As of 2022 there are over 1000 Ashley HomeStore locations across the globe. [8]

In April 2015, Ashley Furniture 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, [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 HomeStore 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. October 22, 2008. Archived from the original on March 11, 2010. Retrieved February 9, 2014.
  2. 1 2 "Ashley Furniture HomeStore Opens New Store in Kallang, Singapore | Furniture Today". www.furnituretoday.com. April 4, 2018. Retrieved April 5, 2018.
  3. "Ashley unseats Wal-Mart as No. 1 retailer - 2008-08-25 00:00:00". Furniture Today. Retrieved February 9, 2014.
  4. "Zimmerman Redecorates Ashley Furniture HomeStores Brand (Press release)". Reuters. April 27, 2009. Archived from the original on November 14, 2012. Retrieved October 25, 2019.
  5. "The Top 50 Retailing Giants". Home & Textiles Today. Hometextilestoday.com. July 16, 2007. Archived from the original on August 15, 2009. Retrieved February 9, 2014.
  6. Engel, Clint (February 23, 2011). "Jennifer Convertibles emerges from Chapter 11 bankruptcy". Furniture Today. Furniture Today. Retrieved April 30, 2015.
  7. "Ashley Furniture HomeStore Celebrates 500th Store Opening". PR Newswire (Press release). Retrieved July 12, 2017.
  8. "Ashley Furniture HomeStore Opens New Store in Costa Rica | Furniture Today". www.furnituretoday.com. November 8, 2017. Retrieved November 28, 2017.
  9. "Ashley Furniture HomeStores open in Mexico, Chile | Furniture Today". www.furnituretoday.com. November 10, 2015. Retrieved March 28, 2017.
  10. "FAQs". Ashleyfurniture.com. Retrieved February 9, 2014.
  11. "Todd & Ronald Wanek's Successes". Forbes. Alex Morrell. Retrieved September 17, 2013.
  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 June 6, 2014. Retrieved May 29, 2014.
  14. "Ashley HomeStore for the Arts". About.com. Judy Hedding. Archived from the original on June 7, 2014. Retrieved June 3, 2014.