By Dennis Seid
TUPELO – Stash Home, which sells name-brand furniture at discounted prices, is expected to open its Tupelo store around Christmas in the Tupelo Commons retail development on North Gloster Street.
The store is located between Ashley Furniture HomeStore and Hancock Fabrics.
Stash is the brainchild of DSG, or the Dufresne Spencer Group, the Saltillo-based company that owns 19 furniture stores – including 14 Ashley stores – in Arkansas, Alabama, Kentucky, Mississippi, Tennessee and Texas. It recently acquired seven KHF Holding stores in Kentucky and Indiana.
DSG is the 59th largest furniture retailer the country, according to industry trade publication Furniture Today. The company expects sales to reach $125 million this year.
The Stash concept, according to its website, “buys factory overruns, closeouts, overstocks, factory closings, factory direct products, photography samples and designer trials.
“All product is new, high-quality merchandise at 30-75 percent off, and often more. Stash gives you top brands at the lowest prices possible.”
The company now has two stores – one in Memphis and one in Oxford, and is looking to expand in more locations next summer.
The Tupelo store covers 15,000 to 16,000 square feet, and it will employ about 10 people.
Stash is headed by Greg Roy, the former Lane Furniture and Furniture Brands executive, who joined DSG in August.