The Spencer Group is a privately-held company that manufactures and sells furniture retail through Ashley Furniture Home Stores. The Spencer Group was founded in 2005 by Jim and Chad Spencer. The Spencer Group headquarters are located in Cordova, Tennessee.
Overview & Corporate Organization
|Fiscal Year End:||12/31|
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Ashley Furniture HomeStore
PrivCo Industries (Sector > Industry > Sub-Industry)
|Manufacturing & Industrial > Furniture & Fixtures Manufacturing > Home Furniture & Furnishing Manufacturing|
|Retail > Furniture & Furnishings Retail > General Furniture Retail|
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Charts, Financials, and Statistics (Table Format)
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|*||The Spencer Group fiscal year end: 12/31|
Charts, Financials, and Statistics (Graphs)
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Detailed Business Description: The Spencer Group
The Spencer Group Overview
The Spencer Group controls and operates predominantly Ashley Furniture stores. Ashley Furniture is a manufacturer and distributor of furniture and home fixtures. The Spencer Group, as of August 2012, owned 11 locations of Ashley Furniture.The Spencer Group opened their first Ashley Furniture HomeStore in 2002 as a side venture. After surprising success, they opened more Ashley Furniture HomeStores across the southeast over the next decade. As of 2012, The Spencer Group is one of the top 100 furniture retailers in the country – a growth that inspired the group to open their second brand, Stash.
The Spencer Group Revenues
The Spencer Group generates revenues from the operations of its furniture stores, namely Ashley Furniture and Stash. Revenues are incurred from the sale of furniture and home fixtures at various retail locations. Items sold include sofas, side tables, bedroom furniture etc. The price range is meant to be competitive.
The costs… Continue Reading →