Report: Ashley Furniture buys land near Las Vegas Ikea store

LAS VEGAS – Ashley Furniture has purchased a tract of land near the Ikea store in Las Vegas.

According to the Las Vegas Review-Journal, Ashley Furniture Industries has acquired nearly 20.4 acres just off Sunset Road for roughly $27.4 million. The deal closed on Dec. 29, 2020.

Ashley CEO Todd Wanek confirmed the purchase to Furniture Today. “We purchased the land, and we are constructing a warehouse, an Ashley HomeStore and outlet. It is going to be 400,000 square feet.”

The company purchased most of the site, around 14 acres, from Walker Furniture, paying $18.8 million for that section, according to property records. Walker, a Nevada-based retailer, had acquired the site in 2017 but did not develop it further.

The Review-Journal reported that the company bought the rest of the plot from M.J. Dean Construction, according to property records.

Ashley, which is based in Arcadia, Wis., has 690 stores in the U.S., including six locations in Nevada.

The post Report: Ashley Furniture buys land near Las Vegas Ikea store appeared first on Furniture Today.

Marxent secures Series C financing

ST. PETERSBURG, Fla. – Marxent, a furniture technology provider, has secured Series C financing to fund international expansion and new product development.

“3D room planning and augmented reality apps for furniture went from value-add solutions to essential business priorities,” said Beck Besecker, Marxent’s CEO and c-founder. “The time is right to further invest in strategic growth initiatives.”

Bellini Capital is the lead investor in the round. Lead partner Arnie Bellini said he expects the Marxent platform to transform its category the way Netflix and Tesla did for their categories.

“With a blue-chip client base, proven ROI, millions of buyable SKUs, and hundreds of millions in 3D-enabled sales, Marxent’s 3D Cloud is the virtual selling platform of choice for high-value, configurable products for the home,” said Bellini.

Marxent’s mission is to create a 3D ecosystem for enterprise furniture, building products, and home improvement retailers and manufacturers that makes it easy to sell high-value, configurable products online. The company’s clients include Lowe’s Home Improvement, Ashley HomeStore, Macy’s, La-Z-Boy, Herman Miller and Jerome’s Furniture in the U.S.

The company’s new initiatives include growth in Europe, the U.K. and other markets; increasing the number of highly requested, valued-added features on its platform; expanding to new home categories; and integrating with Pinterest and other platforms.

To support the growing 3D needs of its overseas clients, including John Lewis and Kingfisher, Marxent will expand its U.K. and French offices.

“This investment enables us to further support the now permanent priority of e-commerce and the role of new hybrid stores,” said Leigh Davidson, Marxent Europe managing director.

The post Marxent secures Series C financing appeared first on Furniture Today.

IMC launches webinar series on diversity in retail

ATLANTA / LAS VEGAS / HIGH POINT — International Market Centers will present a series of four hour-long webinars highlighting diversity and inclusion issues impacting retail.

The series, which debuts on Feb. 1, is presented in partnership with the non-profit organization Diversify Retail Inc.

“IMC’s digital sessions are designed with a finger on the pulse of the industry and in an effort to highlight timely societal and business issues,” said Dorothy Belshaw, IMC chief customer and marketing officer. “We hope this webinar creates a forum for ideas that will improve inclusiveness and representation in our industry.”

During Diversity in Retail Part One and throughout the series, Diversify Retail founder DeAnna McIntosh will discuss the importance of diversity for retail stores, give insight into what companies are doing to combat inequality and provide a deeper look into best practices in diversity and inclusion.

Presented by Atlanta Apparel, Atlanta Market, Las Vegas Market and IMC High Point Market, the first session takes place on Feb. 1 at 2 p.m. (EST) on IGTV via Atlanta Apparel’s Instagram page.

The post IMC launches webinar series on diversity in retail appeared first on Furniture Today.

Imperial Bathrooms names Handley supply chain manager

HIGH POINT – U.K.-based bathroom furniture and fixtures resource Imperial Bathrooms has named Matthew Handley supply chain manager.

He comes to the company from Elta Fans Ltd., where he worked for more than 16 years most recently as production manager.

In his new position, Handley will be responsible for overseeing global and regional supply chain activities as well as planning logistics, evaluating purchasing strategies and helping to oversee order fulfillment and distribution.

“I feel honored to become part of such a vibrant and dynamic business at what is currently, a hugely difficult time for so many in our sector,” Handley said.

“Matthew has taken on this role at an exciting time for Imperial Bathrooms, as we forge ahead with strengthening our offering and realizing our collective goals for growth and expansion,” added Graham Bucktrout, managing director. “In his previous role, Matt has demonstrated a highly developed strategic ability, as well an aptitude for analytical and practical thinking, which I have no doubt will prove invaluable to our supply chain.”

James Stevens, creative director, said that Handley comes to the company during a challenging time, given that COVID-19 continues to place “unprecedented demand on the economy and supply chains.”

“However that presents us with many opportunities to build relationships quickly and work closely with our valued customers, which as an outgoing ‘people person’ will come naturally to Matthew,” Stevens noted. “He has already shown himself to be a quick learner and great communicator; it goes without saying that we are delighted to have him on board.”

The post Imperial Bathrooms names Handley supply chain manager appeared first on Furniture Today.

Three office furniture retailers come together under one brand

SAN FRANCISCO – Vangard Concept Offices is realigning its four U.S. locations alongside its three Canadian locations under one common brand – The Collective.

“Our new brand reflects how we approach delivering a dynamic experience for our customers,” said Nick Tuttle, president of The Collective – USA. “It’s together, it’s collaborative, and it’s collective.”

Under the new combined brand, the U.S. locations and the Canadian locations, all acquired over the past five years, will offer product solutions for work environments, providing a “single foundation for furnishings, space planning and project management,” according to a release. The Collective will also be the largest Teknion furniture dealer in North America.

Existing brands coming together as The Collective include California-based VCO, Toronto-based Office Source and SCI Interiors, another Canadian brand out of Toronto.

“We represent furniture dealerships each having more than 30 years of experience in our respective markets supported by more than 300 supplier partners,” said Chris Rayner, president of The Collective – Canada. “The Collective has the experience, creativity and relationships with regional and national design firms to help elevate the work spaces of our mutual clients.”

Throughout 2021, The Collective will invest in a number of strategic initiatives, including expanding its online capabilities to offer “work from home” furniture curated to comfortably outfit professionals who are now working remotely. Locations will also receive a rebranding, featuring The Collective’s new logo.

“The logo is a direct translation of coming together to form a stronger whole,” said Tuttle. “The experience, culture and alignment of values in our markets will allow us to continue to build and strengthen our service and offerings to our customers.”

The post Three office furniture retailers come together under one brand appeared first on Furniture Today.

WithIt Foundation plans to offer $30K in scholarships in 2021

HIGH POINT – The foundation for WithIt, a women’s leadership development network for the home and furnishings industries, plans to award $30,000 in scholarships to students and other professionals this year.

Last year, the organization offered 11 scholarships to students and professionals, and WithIt plans to offer another 11 to 15 scholarships this year.

The scholarships are open to women who are pursuing majors that apply to the home industries in varying amounts between $1,500 and $3,500. Recipients will also have an opportunity to attend the WithIt Professional Conference in 2021.

Eligible students must have a major in one of the following as it applies to the home industries: Accessory Design, Architectural Design, Forestry, Furniture Design, Textile Design, Graphic Design, Interior Architecture, Marketing with a Design or Furniture minor, Sustainable Design or majors related to the home and furnishing industries.

The deadline to submit an application is March 1, and the application can be found here.

Since its inception in 1998, WithIt’s foundation has awarded more than $150,000 in tuition scholarships.

The post WithIt Foundation plans to offer $30K in scholarships in 2021 appeared first on Furniture Today.

Translate »
Your Cart