Stanley to Move High Point Showroom, Commits to Vegas Market
HIGH POINT, N.C.-Stanley Furniture Company said it will consolidate its High Point, N.C., showroom and corporate offices into a newly remodeled 60,000-square-foot space at 200 North Hamilton Street in downtown High Point early next year.
A $4 million investment in the new space, to be completed by High Point's Spring 2013 Market, will be partially funded by both the City of High Point and Guilford County, as well as the State of North Carolina. The investment is also a joint effort in partnership with International Market Centers (IMC), owners of the 200 North Hamilton Street building.
Also in cooperation with IMC, Stanley announced the opening of its new showroom in the Las Vegas Design Center in Building A at World Market Center Las Vegas. The new space gives Stanley its first showroom serving western markets and allows the brand to display its products beginning in January with the 2013 Las Vegas Winter Market.
Stanley Furniture's negotiations with IMC have enabled the company to fully realize the marketing and financial advantages of exhibiting at both locations.
"This is a formative moment for the Stanley brand as we have completed a tremendous amount of work at our company in just the last 24-36 months," said Glenn Prillaman, Stanley Furniture president and CEO. "Our operational strategies are firmly in place and our product lines are repositioned for the upscale consumer's desire for better goods as the economy continues to improve. Our new High Point showroom location as well as our new space in the Las Vegas Design Center will remain open year-round and give the Stanley brand's almost 90-year heritage the opportunity to increase its influence in a niche in the marketplace that so many companies abandoned by trading down when they off-shored production in Asia."