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Friday, June 7, 2013
Grand Home Furnishings plans to acquire four John Eye/Big Sandy Furniture stores in West Virginia.
The Roanoke-based furniture retailer expects the sale of the stores to close in August. Grand CFO Randy Lundy declined to disclose the purchase price.
Grand will acquire John Eye/Big Sandy stores in Beckley and Lewisburg, where Grand already has stores, and in Princeton and Summersville.
Grand’s Beckley store will move into the John Eye/Big Sandy Beckley location. The Lewisburg John Eye/Big Sandy store will close.
Grand hopes to hire John Eye/Big Sandy employees, adding 65 to 70 workers to Grand’s payroll, Lundy said.
“This has created a tremendous opportunity for us to increase our sales and volume and grow the business,” Lundy said.
John Eye/Big Sandy stores are part of the Big Sandy Superstore furniture chain based in Franklin Furnace, Ohio. The company has stores in Ohio, Kentucky and West Virginia.
When the sale closes, Grand will operate 19 stores in Virginia, Tennessee and West Virginia. The company employs 550 people at its stores, warehouses and corporate office on Electric Road in Roanoke County.
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