Ethan Allen Interiors Inc. is set to open a new store in Louisville, reports Louisville Business First. The well-known furniture company has finalized an agreement to launch a 7,000-square-foot design center.
This new Ethan Allen store will be located at 4230 Summit Plaza Drive, in the heart of the Paddock Shops.
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Ethan Allen: A Global Luxury Home Fashion Brand
As mentioned in a U.S. Securities and Exchange Commission filing, Ethan Allen is recognized as a global luxury home fashion brand. They offer a variety of home furnishing products, available both online and in their retail design centers.
Currently, Ethan Allen operates a store in Louisville at 4607 Shelbyville Road, less than seven miles from the new Paddock Shops location. No information is available about the future of the Shelbyville Road store, according to company representatives.
Ethan Allen, the renowned furniture retailer, is set to open a new store in the Paddock Shops, located in the far eastern part of Jefferson County. The anticipated opening is scheduled for April or May, as confirmed by a company spokeswoman to the Courier-Journal.
The construction of the new Ethan Allen store at Paddock Shops is set to cost $350,000 per Louisville Metro Government permit.
In an email, a spokesperson for Ethan Allen, Plaisted, emphasized the significance of this investment. "This strategic move is aimed at enhancing our service quality. The new design center will feature our latest innovative technology and high-end designer workstations and tools. Our goal is to become 'The Interior Design Destination,'" Plaisted explained.
When contacted for a comment, a representative from Paddock Shops chose not to respond.
Ethan Allen is recognized as a global luxury home fashion brand, confirmed in a U.S. Securities and Exchange Commission filing.
The company offers a diverse range of home furnishing products, both online and through its extensive network of design centers.
Founded in 1932 and headquartered in Connecticut, Ethan Allen is known for its wide range of home furnishings and interior design services. The upcoming store at Paddock Shops is a strategic move to enhance customer service.
The company's statement highlighted that the new design center will boast the latest innovative technology and provide top-notch design workstations and tools, ensuring an improved service experience for their clients.
Ethan Allen: Thriving in Global Luxury Home Fashion
Ethan Allen, a global luxury home fashion brand, offers many home furnishing products. This was stated in a filing with the U.S. Securities and Exchange Commission. The company manages its sales online and through a network of design centers.
As of June 30, Ethan Allen operated 139 stores, employed 3,748 people, and reported $791.4 million in revenue for the fiscal year 2023.
Ethan Allen already has a store in Louisville at 4607 Shelbyville Road, a short distance from the Paddock Shops. However, there is currently no information available about the future of this Shelbyville Road store, according to company spokesperson Plaisted.
The Paddock Shops, where Ethan Allen is set to expand, was recently acquired for $96.8 million in November by CBRE Strategic Partners U.S. Value 9 in partnership with Fairbourne Properties.
Spanning 353,665 square feet, the shopping center is 88% leased and hosts a variety of tenants, including Aerie, Barnes & Noble, Mitchell's Fish Market, Talbots, and others.
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