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Arhaus, Inc. (NASDAQ: ARHS) is a prominent lifestyle brand and omni-channel retailer known for its premium home furnishings. Headquartered in Cleveland, Ohio, Arhaus was founded in 1986 by John and Jack Reed. The company has grown significantly since its inception and now operates more than 90 showrooms and design studio locations across the United States. In addition, Arhaus maintains a robust online presence through its website, arhaus.com.
Arhaus specializes in offering original handcrafted designs that reflect a blend of cultures from around the world. The company collaborates with skilled artisans to create an eclectic mix of exclusive pieces available only at Arhaus stores and online. Arhaus' commitment to sustainability is evident through its use of recycled materials and sustainably sourced timbers, ensuring that nearly 50% of its product assortment is eco-friendly.
The company provides a wide range of merchandise, including furniture, outdoor, lighting, textiles, and decor. This diverse product lineup is supported by Arhaus' proprietary model, which involves direct sourcing from leading manufacturers and artisans globally. This approach allows the company to offer heirloom-quality products that are built to last and come with unique designs not found elsewhere.
Arhaus is also known for its client-first service, offering complimentary in-home design consultations through its team of interior designers. This service, combined with the company's innovative design and responsible sourcing practices, has helped Arhaus build a loyal customer base.
Recent achievements include the opening of new showrooms such as a 16,000 square-foot destination in Orange County and a 17,904 square-foot location in a prominent California shopping center. These expansions underscore Arhaus' commitment to growth and enhancing its brand presence. Financially, Arhaus reported net revenue of $295 million and a net income of $15 million for the first quarter of 2024, reaffirming its positive outlook for the full year.
In addition to its retail and eCommerce channels, Arhaus has forged strong partnerships with artisans and manufacturers, which have been spotlighted in their promotional campaigns, such as the 'Bellissimo Segreto' honoring Italian craftsmanship. Arhaus continues to innovate with new product introductions like the Cooper Dining Table and the Saint Germain Collection, reflecting their dedication to quality and design.
For the latest updates and more information, visit the company's Investor Relations page.
Arhaus, a leading artisan-crafted furniture and home décor brand, has opened a new 16,160 square-foot showroom at Stanford Shopping Center in Palo Alto, California. This marks the brand's thirteenth location in California and seventh to open within the past year as part of Arhaus' ongoing West Coast expansion. The Palo Alto showroom offers complimentary design services to clients, with seasoned design consultants available both in-store and online.
To celebrate the opening, Arhaus is making a $10,000 contribution to American Forests, the country's oldest nonprofit conservation organization. This aligns with Arhaus' Green Initiative and commitment to sustainable principles. The new showroom opened on July 26, 2024, adding to Arhaus' growing presence in the San Francisco Bay area.
Arhaus, a premium home retailer, has opened a new 15,411 sq. ft. showroom at The Beacon La Costa in Carlsbad, California, marking its twelfth location in the state and the second in San Diego County.
The showroom, part of Arhaus' West Coast expansion, offers high-quality furniture and home décor along with complimentary design services for home projects of any scale.
To celebrate the opening, Arhaus is donating $10,000 to American Forests as part of its Green Initiative.
The showroom is located at 7770 El Camino Real and opens today, June 14, 2024.
Arhaus, a leader in artisan-crafted furniture and home décor, has opened a new 17,904 square-foot showroom at The Grove in Los Angeles, California. This is Arhaus' eleventh showroom in California and the fifth new location in the past year, as part of its ongoing West Coast expansion.
The showroom is Arhaus' largest and most luxurious yet, offering complimentary design services and a range of high-quality furniture and home décor. The grand opening will include events such as live music, artisan showcases, and charity donations to The Nature Conservancy, Habitat for Humanity of Greater Los Angeles, and American Forests.
On June 21, a book signing with the Brownstone Boys and a panel discussion with interior designers Erick Garcia and Hema Persad are scheduled.
Arhaus, Inc. (NASDAQ: ARHS) reported Q1 2024 financial results with net revenue of $295 million, net income of $15 million, and adjusted EBITDA of $29 million. Despite a decrease in revenue compared to Q1 2023, the company remains optimistic, reaffirming its full-year outlook for 2024. CEO John Reed highlights industry-leading market share gains and strategic investments in systems and eCommerce capabilities. The company plans to open nine to eleven new Showrooms in 2024 to drive growth.
Arhaus, Inc. reschedules its first quarter 2024 financial results and conference call to May 9, 2024, providing investors with an opportunity to review its financial and operational performance. The Company, known for its premium artisan-crafted home furnishings, is set to host a conference call at 8:30 a.m. Eastern Time to address queries from the investment community.
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