Arhaus
{{Short description|American furniture chain based in Ohio}}
{{Infobox company
| name = Arhaus, Inc.
| logo = Arhaus logo.jpg
| logo_size = 200px
| type = Public
| traded_as = {{NASDAQ|ARHS}}
| industry = Home furnishings
| founded = {{start date and age|1986}} in Cleveland, Ohio, United States
| founders = {{ubl|Jack Reed|John Reed}}
| key_people = John Reed (CEO)
| hq_location_city = Boston Heights, Ohio
| hq_location_country = United States
| num_locations = 86(2023)
| revenue = {{increase}} US$370 million (2016)
| num_employees = 1,150 (2017)
| website = {{URL|arhaus.com}}
}}
Arhaus, Inc. is an American retail chain that designs and sells home furnishings online and through its retail stores and catalogs. The company is headquartered in Boston Heights, Ohio.{{cite web|last1=Cho|first1=Janet|title=Arhaus Furniture building $43 million headquarters in Boston Heights in 2014|url=http://www.cleveland.com/business/index.ssf/2013/12/arhaus_furniture_building_43_million_headquarters_in_boston_heights_in_2014.html|publisher=Cleveland.com|accessdate=30 June 2017}}
History
Arhaus was founded in 1986 by John Reed and his father, Jack Reed, as a furniture store in The Flats of Cleveland, Ohio. The company name is a portmanteau of the Danish city "Aarhus," and the German word for "house."{{cite web|last1=Bullard|first1=Stan|title= Two Flats classics set to be remodeled|url=http://www.crainscleveland.com/article/20161113/NEWS/161119944/two-flats-classics-set-to-be-remodeled|publisher=Crain's Cleveland Business|
accessdate=30 June 2017}}{{cite web|last1=Cho|first1=Janet|title=Arhaus furniture investing $43 million in its retail future with new headquarters, warehouse (photos)|url=http://www.cleveland.com/business/index.ssf/2015/09/arhaus_furniture_investing_43_million_in_its_retail_future_with_new_headquarters_warehouse_photos.html|publisher=Cleveland.com|accessdate=30 June 2017}} The Reeds expanded Arhaus that same year, converting four Workbench franchise stores in the Cleveland and Akron, Ohio area into Arhaus storefronts.{{cite web|title=Arhaus creates artsy ambience|url=http://www.furnituretoday.com/article/449515-arhaus-creates-artsy-ambience|accessdate=30 June 2017}}
In 2013, the company formerly known as Homeworks, Inc. changed its name to Arhaus, LLC.
In 2015, the chain had 57 storefronts in the United States.
In 2014, Freeman Spogli & Co., a private equity firm, acquired a minority stake in Arhaus for an undisclosed amount.{{cite web|last1=Suttell|first1=Scott|title=Arhaus owners sell minority stake to private equity firm|url=http://www.crainscleveland.com/article/20140112/SUB1/301129989/arhaus-owners-sell-minority-stake-to-private-equity-firm|publisher=Crain's Cleveland Business|accessdate=30 June 2017}}
In 2016, Arhaus moved its headquarters from Walton Hills, Ohio to Boston Heights, Ohio.{{cite web|last1=Ethridge|first1=Mary|title=Arhaus headquarters, big retail giving Boston Heights a commercial base|url=http://www.crainscleveland.com/article/20160103/news/151219977/arhaus-headquarters-big-retail-giving-boston-heights-a-commercial|publisher=Crain's Cleveland Business|
accessdate=30 June 2017}}
In 2019, Arhaus opened its new flagship location at Legacy Village in Lyndhurst, Ohio.
In 2021, Arhaus expanded US manufacturing capacity with a facility in North Carolina{{Cite web |title=Google News |url=https://news.google.com/ |access-date=2024-07-23 |website=Google News |language=en-US}}
In 2021 Arhaus became listed on the Nasdaq with an initial public offering that valued the company at $1.75 billion.{{cite web|title=Specialty Home Furnishings Retailer Arhaus Underwhelms In Its Nasdaq Open|url=https://www.forbes.com/sites/pamdanziger/2021/11/05/specialty-home-furnishings-retailer-arhaus-underwhelms-in-its-nasdaq-open/?sh=4aebbc587f6e|publisher=Forbes|date=5 November 2021}}
= Growth =
File:Arhaus (53920745792).jpg]]
As of 2024, the chain had 92 locations across 29 States.{{Cite web |last=Release |first=Press |date=2024-02-20 |title=The Avenue Peachtree City Welcomes Arhaus Studio |url=https://thecitymenus.com/2024/02/20/the-avenue-peachtree-city-welcomes-arhaus-studio/ |access-date=2024-07-23 |website=The City Menus |language=en-US}} The company has opened in-mall locations, including anchor stores, as well as freestanding locations as part of open air shopping centers. In 2014, Arhaus opened their first locations in Arizona and California in addition to six other stores. In 2015, Arhaus opened seven new stores, including locations in Louisiana and Kansas, bringing total store count up to 60 by the end of the year.{{Cite news|url=http://www.nola.com/business/index.ssf/2015/05/arhaus_furniture_store_to_open.html|title=Arhaus furniture store to open June 26 at South Market District downtown|last=Sayre|first=Katherine|date=2015-05-19|work=NOLA.com|access-date=2017-11-27|language=en-US}} Arhaus opened multiple New York locations in 2016 as well as another location in Texas.{{Cite news|url=http://portwashington-news.com/arhaus-will-open-doors-in-february/|title=Arhaus Will Open Doors In February|date=2016-02-01|work=Port Washington News|access-date=2017-11-27|language=en-US}} In 2017, Arhaus opened its first Alabama and Wisconsin locations as well as another California location, increasing store count to 70.{{Cite news|url=http://fox6now.com/2017/07/01/the-corners-of-brookfield-welcomes-new-retailers-l-l-bean-and-arhaus/|title=The Corners of Brookfield welcomes new retailers L.L Bean and Arhaus|last=Pospychala|first=Megan|date=2017-07-02|work=FOX6Now.com|access-date=2017-11-27|language=en-US}}{{Cite news|url=http://www.al.com/business/index.ssf/2017/02/two_restaurants_three_stores_t.html|title=New local restaurant, three retailers to join the Summit|last=Poe|first=Kelly|date=2017-02-01|work=AL.com|access-date=2017-11-27|language=en-US}} In April 2024, Arhaus opened a 5,300-square-foot showroom in Greenwich, Connecticut. This was the third showroom the company opened in Connecticut, including the other two located in Farmington and Norwalk.{{Cite news |url=https://patch.com/connecticut/greenwich/arhaus-furniture-home-decor-brand-opens-greenwich-showroom |title=Arhaus, A Furniture And Home Decor Brand, Opens Greenwich Showroom |last=Kaufman |first=Richard |date=2024-04-22 |work=Patch.com |access-date=2024-04-22 |language=en-US}}
Products
Arhaus sells home furniture and decor products such as sofas, dining tables and chairs, bedroom furniture, bedding, media centers, tableware, rugs and lighting.{{cite web|last1=Smith|first1=Joyce|title=Two-story home furnishings store Arhaus opens in Leawood's Town Center Plaza|url=http://www.kansascity.com/news/business/biz-columns-blogs/cityscape/article21598107.html|publisher=The Kansas City Star|accessdate=30 June 2017}} The company adapts its storefronts to reflect local markets and influences.{{cite web|last1=Rufca|first1=Sarah|title=Arhaus Furniture brings an eclectic, global style to Texas|url=http://www.chron.com/news/article/Arhaus-Furniture-brings-an-eclectic-global-style-4297613.php|publisher=The Houston Chronicle|accessdate=30 June 2017}}
According to Arhaus, the company does not source materials from endangered rainforests for its furniture. The company reports that around 50% of its product incorporates recycled materials.
Arhaus sells "relics" as a part of their product offering. "Relics" are antiques that have been purchased by the company, refurbished or repurposed, and then are sold off the floor by Arhaus.{{cite web|title=Stuff of Life: Turn books into decorative accents with colorful handmade paper|url=http://www.kansascity.com/living/home-garden/article22377591.html|publisher=The Kansas City Star|accessdate=30 June 2017}}{{cite web|title=From the community: Arhaus Celebrates Grand Opening at Lake View Plaza on Saturday, October 1|url=http://www.chicagotribune.com/suburbs/orland-park-homer-glen/community/chi-ugc-article-arhaus-celebrates-grand-opening-at-lake-view-2016-10-03-story.html|publisher=The Chicago Tribune|archive-url=https://web.archive.org/web/20161012113152/https://www.chicagotribune.com/suburbs/orland-park-homer-glen/community/chi-ugc-article-arhaus-celebrates-grand-opening-at-lake-view-2016-10-03-story.html|archive-date=2016-10-12|url-status=dead|accessdate=2019-09-13}}
See also
{{Portal|Companies|United States}}
References
{{Reflist|30em}}