The Rowe Companies, Inc. (ROWC)
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The Rowe Companies, Inc. Profile
| Household Durables Industry | Consumer Discretionary Sector | Garry W. Angle CEO | OTC GREY Exchange | 779528108 CUSIP |
| US Country | 2,400 Employees | 20 Jun 2001 Last Dividend | 12 Nov 1999 Last Split | 6 Jan 2016 IPO Date |
Overview
The Rowe Companies, Inc., originally known as Rowe Furniture Corporation before changing its name in March 1999, is a holding entity that has its roots deeply entrenched in the home furnishings industry within the United States. With its inception in 1946, the company has a storied history of designing, manufacturing, and marketing an extensive range of home furnishings. The company distinguishes its offerings through two primary segments: Wholesale Home Furnishings and Retail Home Furnishings. Unfortunately, facing financial difficulties, The Rowe Companies, Inc. sought protection by filing a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Eastern District of Virginia, Alexandria, on September 18, 2006. The process culminated in the approval of a Chapter 11 liquidation plan on October 25, 2007. Throughout its operational history, The Rowe Companies, Inc. has remained committed to providing quality and innovative furnishing solutions, from its headquarters based in McLean, Virginia.
Products and Services
The Rowe Companies, Inc. serviced its customers through a diversified portfolio of products and services categorized into two main segments:
- Wholesale Home Furnishings:
This segment was dedicated to the design and manufacture of a wide array of upholstered furniture. The product line included sofas, loveseats, benches, ottomans, and chairs designed for comfort and style. Additionally, it offered occasional chairs and sleep sofas that were available in a variety of fabric options, along with finished leather accent pieces such as chairs, benches, and ottomans. The focus was on delivering quality and innovation in every piece, catering to the needs and preferences of diverse consumer bases.
- Retail Home Furnishings:
Focused on the direct consumer market, this segment offered an extensive selection of home furniture and accessories through company-owned stores, a comprehensive catalog, and an online platform. The portfolio included upholstered furniture and leather furniture, coupling traditional and modern designs. Alongside these, case goods, dining sets, rugs, and home accessories were offered, aiming to provide a one-stop-shop experience for customers looking to furnish their homes. The retail segment was meticulously designed to meet varied customer tastes and preferences, leveraging both in-store and online shopping experiences.
