Ashley Stores Closing in North Carolina

Posted by MCC on June 29th, 2010 at 07:00am

Ashley Furniture HomeStore operators will be closing two stores in North Carolina beginning next month. However, they do have plans to reopen one store in a better location and the other store with a new format. The company’s lease on a 35,000 square foot showroom located in Durham, N.C. is expiring and they are considering alternative locations in Raleigh-Durham.

“We’re reviewing some other opportunities within the Raleigh area and if the right location becomes available for the right price we would certainly consider other locations,” Hodge said. “We want to capitalize on the TV and newspaper media we are currently using as much as possible.”

Liquidation sales for both stores will begin in mid July and will run for around 90 days. The company hasn’t predicted how much revenue will be brought in from the sales. Although the timing hasn’t been set, Ashley is looking at buildings that are around the same size, or smaller than the current stores.

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