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Storehouse Executive Team Announces Search For New Partner

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Storehouse Inc., the specialty home furnishings retailer that makes good design accessible, announced their search for a new strategic partner following the voluntary filing for bankruptcy protection by its parent company, The Rowe Companies on Monday. Storehouse is a full line home furnishings retailer, offering a wide range of furniture, home accents, accessories, wall décor, lighting and rugs. Through its home furnishings catalog, transactional web site and 69 stores located in upscale retail centers throughout the Southeast, the Mid Atlantic and Texas, products are available nationwide. The retailer is based in Atlanta with distribution centers in Atlanta, Houston and Laurel, Md. “We are actively engaged in securing an ongoing strategic partner to continue the Storehouse brand and its 37-year history of making good design accessible,” says Caroline Hipple, Storehouse president. “Our management team is in discussion with several investment bankers to secure financing for a new vision with new partners. “We anticipate spirited bidding at the upcoming auction and expect to announce a sale by Oct. 6,” she says. “We look forward to an exciting future with a new strategic partner.” Storehouse Inc. offers a sophisticated and eclectic blend of unique furnishings that offer all the elements of home décor. The specialty home furnishings retailer is known for its distinctive collection of upholstery, dining, bedroom and home office furniture with style ranging from contemporary to classic. Two-time winner of the ARTS Award as the most outstanding National Furniture Store and recipient of the American Furniture Award for Retailer of the Year for 2003 from Home Magazine, Storehouse is well positioned to respond quickly to their customers’ needs with multiple special order options and an extensive in-stock program of upholstery fabrics, of which 500 are available at one price.

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