Ashley Furniture is a furniture manufacturing and retailer.
Founded by Carlyle Weinberger in Chicago in 1945, the company’s specialty was wooden furniture made by local companies, which was resold to larger furniture stores.
In 1970 Ashley invested in Arcadia Furniture, a Wisconsin-based furniture manufacturer founded and operated by Ronald Wanek.
In 1982 the merged company’s annual sales were $12 million.
By the late 1990’s the company was operating assembly and distribution plants in Washington, California, New Jersey, and Florida.
In 2016, annual company revenue reached $3.85 billion.
The Ashley Furniture Homestore chain is composed of both corporate-owned stores and independently owned stores with licenses to sell Ashley Furniture products exclusively. The chain is popular with young persons and newly married couples, mostly due to liberal credit policies with Synchrony Bank.
Today Ashley Furniture manufactures and distributes home furniture throughout the world. The company maintains plants across the United States and also operates several factories (including its largest) in Pacific Rim countries such as Vietnam and China. In addition to those, they also have a sourcing office in India, Vietnam, Southern China, Muar, the furniture hub of Malaysia and Taiwan.