Broad River Retail Plans Distribution Hub in Four Oaks, North Carolina
05/30/2019
A privately held company, Broad River Retail employs over 540 employees and sells furniture, mattresses and home accessories and is headquartered in Fort Mill, South Carolina. The new facility in Four Oaks will be the second campus for Broad River Retail and will be 182,300 square feet. The facility will be a multi-purpose location that will include an Ashley HomeStore plus Ashley HomeStore Outlet connected to a state-of-the-art, distribution center, call center, learning center and regional campus. The new distribution center, located alongside Interstate 95, will sit on over 30 acres of land and will support primarily eastern North Carolina, as well as parts of South Carolina and southern Virginia.
“This announcement is an exciting and important milestone for our Company and is a testament to all of our talented team members who have contributed to our success and growth,” said Charlie Malouf, President & CEO, for Broad River Retail. “This deal would not have happened without the leaders from the Town of Four Oaks, Johnston County and the State of North Carolina. We were extremely pleased with how quickly everyone from economic development came together to make today’s announcement a reality, and we are grateful for the incredible collaboration.”
“We are grateful for the world-class team at Ashley Furniture Industries who helped us design what we hope will become an iconic location for this global brand,” Mr. Malouf continued. “We are looking forward to becoming part of a vibrant business community in Johnston County and the state of North Carolina where we hope to furnish life’s best memories for many years to come.”
“The investment made by Broad River Retail will allow the company to continue with our customer-centric focus, creating additional space to service our regional customer base in a timelier fashion,” said Todd Wanek, President & CEO of Ashley Furniture Industries, Inc. “We’re very proud of Charlie Malouf, Manny Rodrigues, Charlie Workmon and the Broad River Retail team for their growth and determination, and wish them future success as true ambassadors of the Ashley brand.”
A performance-based grant of $150,000 from the One North Carolina Fund will help facilitate Broad River Retail’s new operation in North Carolina. The One NC Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment.
All One NC grants require a matching grant from local governments and any award is contingent upon that condition being met.
In addition to North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, North Carolina Community College System, Johnston County, the Town of Four Oaks, and Johnston County’s Economic Development Office.
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