April 23, 2017 7:40 AM ET

Specialty Retail

Company Overview of Art Van Furniture, Inc.

Company Overview

Art Van Furniture, Inc. operates and franchises furniture stores in the United States. It offers living room furniture, such as sofas, loveseats, ottomans, chairs, sectionals, sleepers, reclining sofas, reclining sectionals, reclining loveseats, recliners, cocktail and accent tables, and fireplaces; entertainment centers and TV stands; and home office furniture, including home office sets, desks, desk chairs, file cabinets, and bookcases. The company also offers bedroom furniture, which include beds and headboards, kids and teens, dressers, chests, nightstands, bedroom mirrors, and bed linens; furniture for kids and teens, including beds and headboards, bunk beds, loft beds, daybeds, dresser...

6500 14 Mile Road

Warren, MI 48092

United States

Founded in 1959

Phone:

586-939-0800

Fax:

586-939-3055

Key Executives for Art Van Furniture, Inc.

Chief Executive Officer
Age: 62
Founder and Chairman
Age: 86
Chief Financial Officer and Vice President
Senior Vice President and President of Art Van PureSleep
Compensation as of Fiscal Year 2016.

Art Van Furniture, Inc. Key Developments

Art Van Furniture Appoints Michael Duchaine as Vice President and General Manager of Art Van Flooring

Industry veteran Michael Duchaine has joined Art Van Furniture as vice president and general manager of Art Van Flooring. Duchaine comes to Art Van Furniture after previously holding the positions of vice president and head of stores merchandising for Floor and Décor. As Vice President and General Manager, Duchaine is responsible for overseeing the rapid growth of Art Van Flooring, while maintaining loss and profit management, sales, marketing operations and store development for the more than fifteen locations in which Art Van Flooring exists, as well as two stand-alone stores. Mike s depth of expertise in the flooring business, combined with his experience as a store operations executive, will bring significant value to Art Van Flooring and Art Van Furniture.

David Ladd Joins Art Van Furniture as Vice President and Chief Financial Officer

David Ladd has joined Art Van Furniture as Vice President and Chief Financial Officer. Ladd joins the company from an executive leadership position with Sears. As vice president and CFO, Ladd is responsible for every facet of the company's finances, including the management of financial risk for Art Van Furniture and its suite of brands, as well as the development and execution of the company's financial planning. As part of his role, Ladd will work with and oversee the company's financial department team, ensuring all financial goals are met and in alignment with the company's vision for the future. Most recently, Ladd served as the vice president-finance, retail stores, during which he was responsible for all 1,500 Sears and K-Mart units.

Art Van Furniture to Open New Store in Schaumburg, Illinois

Art Van Furniture is set to open a new store in Schaumburg, Illinois, US. Opening on 1 December, the new 80,000 square foot store will feature a number of Art Van Furniture product lines, including Art Van PureSleep, Art Van Clearance Center, and its luxury division Scott Shuptrine Interiors. Art Van Furniture currently has ten locations in Chicagoland, such as Algonquin, Merrillville and Portage.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 25, 2017
88,000 Square Feet Springfield Township Store and Surrounding 11 acres of land at 1301 East Mall
Merger/Acquisition
January 25, 2017
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