Broad River Retail d/b/a Ashley HomeStore Revenue and Competitors

Founded in 2003, Broad River Retail (BRR), a Fort Mill-owned and operated home furnishings retailer, is the largest and fastest-growing Ashley HomeStore licensee in the Carolinas and Georgia, currently with 16 HomeStores, including two acquired January 2 in Asheville and Arden, North Carolina, and one HomeStore Outlet. Since the opening of its first store in Pineville, NC, in May 2003, Broad River Retail has been on the fast track toward success. Sales exceeded $100 million in 2014, and four of the Company's stores were ranked among the top ten across a broad range of metrics out of over 500 Ashley Furniture HomeStore locations worldwide. The Company's growth in the recent tough economic climate is a testament to our associates who continue to pursue Excellence. Located in the 4th largest population cluster or Megapolitan area in the U.S. with approximately 20 million residents or 6.6% of the U.S. population in the area between Raleigh, NC and Birmingham, AL. This region has historically grown at a compounded annual rate of 5%, and were proud that our growth has outpaced that of the region. The Charlotte and Greenville metropolitan areas have a combined population of approximately 3 million. In the fall of 2015, Broad River Retail embarked on a historic new chapter in its growth with the move to a new Corporate Offices and Distribution Center in Lakemont Business Park, Fort Mill, SC, just off the busy Interstate 77 corridor. The 140,000 SF state of the art Distribution Center with 24,000 SF of offices accommodates our growth to over twice our current volume, and brought all 200 of the Company's Corporate, Distribution Center and Customer Care associates together under one roof from three separate locations. The Company currently employs over 500 associates. We take pride in our employees, as we believe that each person contributes directly to the growth and success of this company.