Jennifer Convertibles To Open Two New Ashley Furniture HomeStores

Posted by slone on September 23rd, 2009 at 07:00am

Jennifer Convertibles, Inc. recently announced that it has signed leases and will be opening two more Ashley Furniture HOmeStores in New York. One store will be located on Queens Boulevard in Elmhurst, Queens and the second store will be locacted on Route 110 in Framingdale, Long Island.

Harley J. Greenfield, Chief Executive Officer said, “We are very excited about expanding our network of Ashley Furniture HomeStore locations. Our Ashley division has been continuing to grow, producing about 15% of our revenue during our last fiscal quarter with increased profitability. By adding additional locations in the same geographical area, we expect to achieve economies of scale in all areas of our Ashley Furniture HomeStore model.”

Jennifer Convertibles is the licensor and owner of the largest group of sofabed retail stores in the United States. The company has 149 Jennifer Convertibles stores and is the largest retailer of specialty leather furniture with 14 Jennifer Leather stores.

Under Furniture News