{{Short description|American luxury furnishings company based in Ohio}} {{Infobox company | name = Arhaus, Inc. | logo = Arhaus logo.jpg | logo_size = 200px | type = Public | traded_as = {{NASDAQ|ARHS}} | industry = Home furnishings | founded = {{Start date and age|1986}} in Cleveland, Ohio, U.S. | founder = {{ubl|Jack Reed|John Reed}} | hq_location = 51 East Hines Hill Road | hq_location_city = Boston Heights, Ohio | hq_location_country = United States | num_locations = 103 | num_locations_year = 2025 | area_served = Worldwide | key_people = John Reed (CEO)<br>Jack Reed (Chairman) | products = | services = | revenue = {{increase}} {{US$|1.27 billion|link=yes}} | revenue_year = 2024 | operating_income = {{decrease}} {{US$|87.5 million|link=no}} | income_year = 2024 | net_income = {{decrease}} {{US$|68.6 million|link=no}} | net_income_year = 2024 | assets = {{increase}} {{US$|1.2 million|link=no}} | assets_year = 2024 | equity = {{increase}} {{US$|343.7 million|link=no}} | equity_year = 2024 | num_employees = 2,550 | num_employees_year = 2024 | website = {{URL|arhaus.com}} }} '''Arhaus, Inc.''' is an upscale American home furnishings company headquartered in Boston Heights, Ohio.<ref>{{cite web|last=Cho|first=Janet|title=Arhaus Furniture building $43 million headquarters in Boston Heights in 2014|url=http://www.cleveland.com/business/index.ssf/2013/12/arhaus_furniture_building_43_million_headquarters_in_boston_heights_in_2014.html|publisher=Cleveland.com|accessdate=30 June 2017}}</ref> Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
Marketing as an immersive lifestyle brand, the company strategically curates 103 showrooms situated in affluent real estate markets in the contiguous United States; its online store and print catalog serve nationally and worldwide.
==History== Arhaus was founded in 1986 by Jack Reed and his son John Reed as a furniture store in a historical building on the East Banks of The Flats of Cleveland, Ohio. Its brand name was conceptualized as a portmanteau of the name of the Danish city Aarhus and the German word ''haus'' for house.<ref>{{cite web|last=Bullard|first=Stan|title= Two Flats classics set to be remodeled|url=http://www.crainscleveland.com/article/20161113/NEWS/161119944/two-flats-classics-set-to-be-remodeled|publisher=Crain's Cleveland Business| accessdate=30 June 2017}}</ref><ref name="Cleveland.com">{{cite web|last=Cho|first=Janet|title=Arhaus furniture investing $43 million in its retail future with new headquarters, warehouse (photos)|url=http://www.cleveland.com/business/index.ssf/2015/09/arhaus_furniture_investing_43_million_in_its_retail_future_with_new_headquarters_warehouse_photos.html|publisher=Cleveland.com|accessdate=30 June 2017}}</ref> In the same year, the Reeds began expansion by converting four Workbench franchise stores in the Cleveland and Akron, Ohio metro area into Arhaus storefronts.<ref>{{cite web |title=Arhaus creates artsy ambience |url=http://www.furnituretoday.com/article/449515-arhaus-creates-artsy-ambience |accessdate=30 June 2017}}</ref>
The business has spurred significant redevelopment and growth into the 21st century.
In 2013, it reincorporated its corporate entity to be legally registered as Arhaus, Inc. (having previously been incorporated as "Homeworks, Inc." doing business as Arhaus). Headquarters were soon reestablished in Boston Heights, Ohio in 2016.<ref name=":0">{{cite web|last=Ethridge|first=Mary|title=Arhaus headquarters, big retail giving Boston Heights a commercial base|url=http://www.crainscleveland.com/article/20160103/news/151219977/arhaus-headquarters-big-retail-giving-boston-heights-a-commercial|publisher=Crain's Cleveland Business| accessdate=30 June 2017}}</ref> By the end of the 2010s, Arhaus opened its new flagship store at Legacy Village in Lyndhurst, Ohio.
In 2021, in enforcing its commitment to American made product, Arhaus expanded its domestic manufacturing and distribution capabilities with the inauguration of its 500,000 square foot facility in Conover, North Carolina.<ref>{{Cite web |title=Google News |url=https://news.google.com/ |access-date=2024-07-23 |website=Google News |language=en-US}}</ref> It listed on the Nasdaq stock exchange on November 4, 2021, with initial public offering valued at $1.75 billion.<ref>{{cite web|title=Specialty Home Furnishings Retailer Arhaus Underwhelms In Its Nasdaq Open|url=https://www.forbes.com/sites/pamdanziger/2021/11/05/specialty-home-furnishings-retailer-arhaus-underwhelms-in-its-nasdaq-open/?sh=4aebbc587f6e|publisher=Forbes|date=5 November 2021}}</ref>
The company continued strategic focus on expanding its physical presence with openings including Greenwich, Connecticut, and Palo Alto, California, in 2024.
=== Growth === [[File:Arhaus (53920745792).jpg|thumb|An Arhaus Store in Greenwich, Connecticut]]
As of 2024, the chain had 92 locations across 29 States.<ref>{{Cite web |date=2024-02-20 |title=The Avenue Peachtree City Welcomes Arhaus Studio |url=https://thecitymenus.com/2024/02/20/the-avenue-peachtree-city-welcomes-arhaus-studio/ |access-date=2024-07-23 |website=The City Menus |language=en-US}}</ref> The company has opened in-mall locations, including anchor stores, as well as freestanding locations as part of open air shopping centers. In 2014, Arhaus opened their first locations in Arizona and California in addition to six other stores.<ref name=":0" /> In 2015, Arhaus opened seven new stores, including locations in Louisiana and Kansas, bringing total store count up to 60 by the end of the year.<ref>{{Cite news|url=http://www.nola.com/business/index.ssf/2015/05/arhaus_furniture_store_to_open.html|title=Arhaus furniture store to open June 26 at South Market District downtown|last=Sayre|first=Katherine|date=2015-05-19|work=NOLA.com|access-date=2017-11-27|language=en-US}}</ref><ref name=":1" /> Arhaus opened multiple New York locations in 2016 as well as another location in Texas.<ref>{{Cite news|url=http://portwashington-news.com/arhaus-will-open-doors-in-february/|title=Arhaus Will Open Doors In February|date=2016-02-01|work=Port Washington News|access-date=2017-11-27|language=en-US}}</ref> In 2017, Arhaus opened its first Alabama and Wisconsin locations as well as another California location, increasing store count to 70.<ref>{{Cite news|url=http://fox6now.com/2017/07/01/the-corners-of-brookfield-welcomes-new-retailers-l-l-bean-and-arhaus/|title=The Corners of Brookfield welcomes new retailers L.L Bean and Arhaus|last=Pospychala|first=Megan|date=2017-07-02|work=FOX6Now.com|access-date=2017-11-27|language=en-US}}</ref><ref>{{Cite news|url=http://www.al.com/business/index.ssf/2017/02/two_restaurants_three_stores_t.html|title=New local restaurant, three retailers to join the Summit|last=Poe|first=Kelly|date=2017-02-01|work=AL.com|access-date=2017-11-27|language=en-US}}</ref> In April 2024, Arhaus opened a 5,300-square-foot showroom in Greenwich, Connecticut. This was the third showroom the company opened in Connecticut, including the other two located in Farmington and Norwalk.<ref>{{Cite news |url=https://patch.com/connecticut/greenwich/arhaus-furniture-home-decor-brand-opens-greenwich-showroom |title=Arhaus, A Furniture And Home Decor Brand, Opens Greenwich Showroom |last=Kaufman |first=Richard |date=2024-04-22 |work=Patch.com |access-date=2024-04-22 |language=en-US}}</ref>
==Products== Arhaus sells home furniture and decor products such as sofas, dining tables and chairs, bedroom furniture, bedding, media centers, tableware, rugs and lighting.<ref name=":1">{{cite web|last=Smith|first=Joyce|title=Two-story home furnishings store Arhaus opens in Leawood's Town Center Plaza|url=http://www.kansascity.com/news/business/biz-columns-blogs/cityscape/article21598107.html|publisher=The Kansas City Star|accessdate=30 June 2017}}</ref> The company adapts its storefronts to reflect local markets and influences.<ref>{{cite web|last=Rufca|first=Sarah|title=Arhaus Furniture brings an eclectic, global style to Texas|url=http://www.chron.com/news/article/Arhaus-Furniture-brings-an-eclectic-global-style-4297613.php|publisher=The Houston Chronicle|accessdate=30 June 2017}}</ref> According to Arhaus, the company does not source materials from endangered rainforests for its furniture. The company reports that around 50% of its product incorporates recycled materials.<ref name="Cleveland.com" /> Arhaus sells "relics" as a part of their product offering. "Relics" are antiques that have been purchased by the company, refurbished or repurposed, and then are sold off the floor by Arhaus.<ref>{{cite web|title=Stuff of Life: Turn books into decorative accents with colorful handmade paper|url=http://www.kansascity.com/living/home-garden/article22377591.html|publisher=The Kansas City Star|accessdate=30 June 2017}}</ref><ref>{{cite web|title=From the community: Arhaus Celebrates Grand Opening at Lake View Plaza on Saturday, October 1|url=http://www.chicagotribune.com/suburbs/orland-park-homer-glen/community/chi-ugc-article-arhaus-celebrates-grand-opening-at-lake-view-2016-10-03-story.html|publisher=The Chicago Tribune|archive-url=https://web.archive.org/web/20161012113152/https://www.chicagotribune.com/suburbs/orland-park-homer-glen/community/chi-ugc-article-arhaus-celebrates-grand-opening-at-lake-view-2016-10-03-story.html|archive-date=2016-10-12|url-status=dead|accessdate=2019-09-13}}</ref>{{Portal|Companies|United States}}
==References== {{Reflist|30em}}
==External links== * {{URL|arhaus.com}}
Category:Home decor retailers Category:American companies established in 1986 Category:Retail companies established in 1986 Category:Furniture retailers of the United States Category:Companies based in Cleveland Category:Companies based in Akron, Ohio Category:Companies listed on the Nasdaq Category:1986 establishments in Ohio Category:2021 initial public offerings