ashley furnitureAshley Furniture opens first China store in Shanghai

ashley furnitureAshley Furniture opens first China store in ShanghaiFollow Furniture Todays coverage of the Las Vegas Market from the PBM News Desk, an onsite content creation hub in the lobby of Las Vegas Markets Building A.See the videos!Sponsored by Las Vegas Market.

Ashleysays it plans to roll out , stores in China during the next decade as well as stores elsewhere in Asia and in the Americas, Africa and the Middle East.

Company CEO Todd Wanek told Furniture/Today that Shanghai was chosen as the location of the first China store because of the international nature of the city. He added that after doing extensive consumer research in China and other countries, including more than , interviews with targeted consumers, and more than years of experience doing business in Asia, the company is ready to pursue a global retail strategy.

SHANGHAI Ashley Furniturecelebrated the grand opening of its first store in China here today, a ,squarefoot showroom that signals a new push by the company to open stores globally.

While the new Shanghai store is the ideal , Wanek said, the square footage in other locations in China and internationally will vary based on real estate availability and the of the market.

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See the May print issue of Furniture/Today for a detailed QA between Wanek and Furniture/Today EditorinChief Ray Allegrezza onAshleys global retail strategy.

A sneak peek into one of the largest new showrooms in High Point

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Home furnishings offered in the stores will be designed to appeal to local tastes and scale requirements many Chinese live in small apartments, for instance and the merchandise mix also will be adjusted, he said.