Appliance Recycling Centers of America, Inc. announced that it will open a 36,000-sq-ft ApplianceSmart factory outlet in San Antonio, TX, U.S. in October 2004.
The new factory outlet will be ARCA's first retail location in the San Antonio area and tenth store in the U.S. According to the company, the San Antonio outlet will be one of the largest appliance showrooms in Texas.
The new location will carry a wide range of special-buy major household appliance brands, including Maytag, GE, Frigidaire, Whirlpool, KitchenAid, Jenn-Air, Amana, Magic Chef, and Roper. Special-buy appliances, which ApplianceSmart sells at a significant discount to retail, include new in-the-box closeouts, factory overruns, discontinued models, and discounted out-of-box items.
"Due to the soundness of our special-buy retail concept, we believe ApplianceSmart will become a strong presence in the San Antonio marketplace in a relatively short period of time," Edward R. Cameron, president and CEO, said. "Marking our initial entry into Texas, this expansion will also position us to open additional ApplianceSmart factory outlets in that area of the country."
The company previously announced that second quarter same-store sales of the eight ApplianceSmart factory outlets open during the complete second quarters of 2003 and 2002 rose 13 percent. Total retail sales increased 26 percent for the quarter. As of July 2004, ApplianceSmart was operating nine outlets: four in the Minneapolis/St. Paul, MN, U.S. market; three in the Columbus, OH, U.S. market; one in the Atlanta, GA, U.S. market and one in Los Angeles, CA, U.S.
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