I.O. Metro to open more stores
Clint Engel -- Home Accents Today, January 15, 2013
Lowell, Ark. - Home furnishings and accessories retailer I.O. Metro plans to open 10 or more stores over the next three years, starting with a new store coming to the Dallas market in February.
The 18-store retailer noted the plans in announcing the launch of its first product catalog, a 40-page glossy issue it began mailing to consumers in October.
The 9,000-sq.-ft. Dallas store will be on McKinney Avenue in the Knox-Henderson area, just behind an Apple Store, said I.O. Metro founder and CEO Jay Howard. Other tenants in the area include Restoration Hardware, Crate & Barrel, Z Gallerie, Design Within Reach, Mitchell Gold + Bob Williams, Mecox and Weir's.
Howard wouldn't disclose details on other future store locations, but said the company is placing heavy emphasis on Florida and Texas, while secondary target states include North Carolina, South Carolina, Tennessee, Colorado, Louisiana and Illinois.
Howard said the company expects to add two stores in 2013, including the Dallas location, four in 2014 and six the following year. It also may close as many as five existing stores over the next three years where leases are expiring, replacing them with "high traffic, marquee locations," he said. He added that the timing of the openings could shift with real estate availability.
Beverly Hills, Calif. - Finnish textile and clothing design company Marimekko opened a 5,000-sq.-ft. flagship store Nov. 15 at the corner of Canon Drive and Brighton Way. Known for its bold patterns, Marimekko's home décor offerings include furnishing fabrics, tableware and accessories. Marimekko opened another West Coast location Oct. 25 at the Stanford Shopping Center, located at 180 El Camino Real in Palo Alto.
Boca Raton, Fla. - Home décor retailer Spruce Home and Garden opened its second Florida store Nov. 10, located at 407 Plaza Real in Mizner Park. The retail chain also has locations in New York and Connecticut. Spruce Home & Garden carries accent furniture, lamps, decorative accessories, wall art, pillows and outdoor furniture and accessories.
Roanoke, Ind. - Home décor franchise Real Deals on Home Décor opened its first Indiana location here in November at 212 E. Second St. Owned by Jacki and Bill Budrow, the store is open two days a week, on Thursdays and Saturdays. Real Deals on Home Décor carries discount accent furniture, mirrors, lamps, wall décor and decorative accessories.
Charlestown, Mass. - Pura Vida Home Décor opened in October at 24 Roland St. here. The retailer specializes in repurposed and reclaimed furniture and accessories, including accent furniture, lamps, mirrors, wall art and tabletop décor.
Ann Arbor, Mich. - Pier 1 Imports announced plans to open a new store at Cranbrook Village Shopping Center, located at Ann Arbor-Saline Road and Eisenhower Parkway. The store is slated to open in spring 2013.