Ashley Furniture HomeStore Acquired by Spencer Group

Posted by MCC on September 28th, 2010 at 10:23pm

The Ashley Furniture HomeStore located in Fort Smith, Arkansas has been purchased by the Spencer Group. The group, a furniture retail store owner based in Memphis, Tennessee how holds 11 Ashley Furniture stores across Arkansas, Kentucky, Mississippi and Tennessee.

Chad Spencer, president of the Spencer Group said that the company was really excited about the new acquisition. “This forum has a real sense of community and we look forward to serving this community with an unparalleled shopping experience that is second to none,” he said.

The Spencer Group has revenues of $66 million in 2009 and ranks number 71 on MBJ’s top 100 Private Companies list. The company also made Furniture Today’s 100 furniture retailers in the country at number 74. The company started with one Ashley Furniture HomeStore in 2002 and has added at least one new store to their portfolio every year since.

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