12 March 2014 (15:54 UTC-07 Tango)/10 Jumada l-Ula 1435/21 Esfand 1392/12 Ding-Mao 4712
A local southeast Idaho TV station reported that Coldwell Banker realtor, Don Zebe, claims Ashley Furniture is simply selling off an “investment”, and has no plans to leave Pocatello, Idaho. Yet he is the agent selling off both their Pocatello properties!
Ashley Furniture Liquidation dumping their Oak Street “investment”. Sales got so bad they started selling used cars in 2013!
Ashley Furniture HomeStore’s Hurley Drive “investment”, now up for sale. It sits on property that used to be residential, until the city forced the home owners out, so they could bring in the “independently” owned furniture store.
Zebe has the Ashley Furniture HomeStore listed for sale at $3.2-million USD, and the Ashley Furniture Liquidation store listed at $647,600.
Ashley Furniture recently announced they had more than $3-billion in furniture sales in 2013. They also opened their 500th store, in Texas. They claim they’re going to open 50 new stores across the U.S. in 2014.
But wait, it turns out that Ashley Furniture HomeStore, and Ashley Furniture Liquidation stores are independently owned. These so called independently owned stores sell furniture made by Ashley Furniture Industries.
So, are the independent owners of Pocatello’s Ashley Furniture HomeStore and Liquidation stores just cashing in on their “investments”, or is there a plan in the works for new locations in Pocatello, or maybe Chubbuck?
A History Lesson in Economic Decline
All part of REIT plan to change the way you shop, and they blame you the shopper!