Arhaus

#5292

Rank

$1.32B

Marketcap

United States

Country

Leadership team

Mr. John P. Reed (Founder, Chairman, Pres & CEO)

Ms. Dawn Phillipson (Chief Financial Officer)

Ms. Kathy E. Veltri (Chief Retail Officer)

Products/ Services

Consumer Goods, E-Commerce, Fashion, Furniture, Home Decor, Lifestyle, Manufacturing, Real Estate, Retail

Number of Employees

1,000 - 20,000

Headquarters

Hudson, Ohio, United States

Established

1986

Company Registration

SEC CIK number: 0001875444

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

ARHS

Social Media

URL

https://www.arhaus.com

Overview

Location

Recognition and Award

References

Summary

Arhaus, Inc. operates as a lifestyle brand and premium retailer in the home furnishings market. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company's furniture products comprise bedroom, dining room, living room, and home office furnishings, which includes sofas, dining tables and chairs, accent chairs, console and coffee tables, beds, headboards, dressers, desks, bookcases and modular storage, etc.; and outdoor products include outdoor dining tables, chairs, chaises and other furniture, lighting, textiles, décor, umbrellas, and fire pits. It also offers lighting products, such as various distinct and artistic lighting fixtures, including chandeliers, pendants, table and floor lamps, and sconces; textile products comprising handcrafted indoor and outdoor rugs, bed linens, and pillows and throws; and décor products, including various wall art to mirrors, vases to candles, and other decorative accessories. The company distributes its products through an omni-channel model comprising showrooms, e-commerce platform, catalog, and in-home designer services. As of December 31, 2021, it operated through a network of 71 traditional showrooms, 5 Design Studios, and 3 Outlets, as well as 58 showrooms with in-home interior designers. The company was founded in 1986 and is headquartered in Boston Heights, Ohio.

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." The Reeds expanded Arhaus that same year, converting four Workbench franchise stores in the Cleveland and Akron, Ohio area into Arhaus storefronts.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. As of 2017, the chain had 67 storefronts in the United States.In 2014, Freeman Spogli & Co., a private equity firm, acquired a minority stake in Arhaus for an undisclosed amount.In 2016, Arhaus moved its headquarters from Walton Hills, Ohio to Boston Heights, Ohio.In 2019, Arhaus opened its new flagship location at Legacy Village in Lyndhurst, Ohio.

In 2021 Arhaus became listed on the Nasdaq with an initial public offering that valued the company at $1.75 billion.

Growth

As of August 2022, Arhaus operates 80 locations across America in 28 states. 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. Arhaus opened multiple New York locations in 2016 as well as another location in Texas. In 2017, Arhaus opened its first Alabama and Wisconsin locations as well as another California location, increasing store count to 70.

Mission

Our promise is to use natural materials from renewable sources, recycled materials, and no wood from endangered rain forests.

Vision

Our vision is to inspire customers to create extraordinary experiences in their homes by connecting them to their passion for design through Arhaus’ expansive selection of unique home furnishings.

Key Team

Mr. Tim Kuckelman (Chief Operating Officer)

Mr. Venkat Nachiappan (Chief Information Officer)

Ms. Wendy M. Watson (Sr. VP of Investor Relations)

Ms. Jennifer E. Porter (Chief Marketing Officer)

Ms. Dawn Sparks (Chief Logistics Officer)

Ms. Lisa Chi (Chief Merchandising Officer)

Recognition and Awards

Arhaus has been recognized for its commitment to excellence, having been selected for the 2018 Pinnacle Award for excellence in product quality, customer service, and innovation, as well as the 2019 Rising Star Award for customer service, innovation, and value for money.