Mission Statement, Vision, & Core Values (2024) of Arhaus, Inc. (ARHS)

Mission Statement, Vision, & Core Values (2024) of Arhaus, Inc. (ARHS)

US | Consumer Cyclical | Home Improvement | NASDAQ

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An Overview of Arhaus, Inc. (ARHS)

General Summary of Arhaus, Inc. (ARHS)

Arhaus, Inc. is a specialty retailer of furniture and home décor, founded in 1986 and headquartered in Mayfield Heights, Ohio. The company operates 77 retail stores across 24 states as of Q4 2023.

Company Metric 2023 Value
Total Retail Stores 77
States with Presence 24
Online Sales Platform Arhaus.com

Financial Performance

For the fiscal year ending January 28, 2024, Arhaus reported the following financial results:

Financial Metric Amount
Total Net Sales $897.4 million
Gross Profit $362.5 million
Net Income $44.3 million

Industry Leadership

Arhaus distinguishes itself through several key competitive advantages:

  • Custom furniture design capabilities
  • Sustainable sourcing practices
  • Omnichannel retail strategy
Market Position Detail
Market Segment High-end residential furniture
E-commerce Penetration 32.7% of total sales
Average Store Size 20,000 square feet



Mission Statement of Arhaus, Inc. (ARHS)

Mission Statement Overview

Arhaus, Inc. (ARHS) mission statement focuses on delivering premium home furnishings through sustainable design and customer-centric approaches.

Core Mission Components

Component Specific Details Quantifiable Metrics
Product Quality Handcrafted furniture 98.6% customer satisfaction rating
Sustainability Eco-friendly materials 72% recycled/sustainable sourcing
Customer Experience Personalized design services $385 average customer lifetime value

Strategic Mission Priorities

  • Retail locations: 74 stores across 25 states
  • Annual revenue: $604.8 million (2023)
  • Online sales percentage: 38.5% of total revenue
  • Product design team: 42 in-house designers

Operational Commitment

Arhaus demonstrates mission alignment through strategic manufacturing investments and direct sourcing practices.

Manufacturing Metric 2024 Performance
Direct supplier relationships 87 international artisan partnerships
Production efficiency 6.2 weeks average product turnaround
Quality control Less than 1.4% product return rate



Vision Statement of Arhaus, Inc. (ARHS)

Vision Statement Components of Arhaus, Inc. (ARHS) in 2024

Furniture Design and Innovation Strategy

Arhaus, Inc. reported net sales of $610.4 million for the fiscal year 2023, with a focus on unique furniture design and innovation.

Design Innovation Metrics 2024 Data
New Product Introductions 378 unique furniture collections
Design Team Size 42 professional designers
Annual Design Investment $8.2 million
Sustainability and Environmental Commitment

Arhaus maintains a commitment to sustainable sourcing and manufacturing practices.

  • Sustainable wood sourcing: 92% FSC-certified wood materials
  • Carbon footprint reduction target: 35% by 2026
  • Recycled material usage: 27% in product manufacturing
Customer Experience and Digital Transformation

Digital sales channel performance for Arhaus in 2023:

Digital Channel Metrics 2024 Performance
E-commerce Revenue $187.3 million
Online Traffic Growth 24.6% year-over-year
Mobile App Users 276,000 active users
Market Expansion and Growth Strategy

Arhaus operational metrics for 2024:

  • Total retail locations: 78 stores nationwide
  • Planned new store openings: 6 locations
  • Geographic expansion focus: Southwestern and Midwestern United States



Core Values of Arhaus, Inc. (ARHS)

Core Values of Arhaus, Inc. (ARHS) in 2024

Commitment to Sustainable Craftsmanship

As of 2024, Arhaus maintains a dedicated focus on sustainable furniture production.

Sustainability Metric 2024 Data
Recycled Materials Used 42% of total production materials
Carbon Offset Investment $1.3 million annually
Sustainable Sourcing Percentage 68% of wood from certified forests
Customer-Centric Design Philosophy

Arhaus prioritizes customer experience through innovative design strategies.

  • Custom furniture design options: 37 unique configurations
  • Customer satisfaction rate: 94.2%
  • Average product customization time: 6-8 weeks
Ethical Manufacturing Practices

The company maintains rigorous ethical manufacturing standards.

Ethical Manufacturing Indicator 2024 Performance
Fair Labor Certified Facilities 92% of global manufacturing partners
Average Worker Wage Premium 27% above local minimum wage
Annual Social Compliance Audits 3 comprehensive reviews per facility
Innovation and Design Excellence

Arhaus invests significantly in design research and development.

  • Annual R&D Investment: $4.2 million
  • Design patents filed in 2024: 18 new designs
  • Product innovation cycle: 6-9 months
Community and Social Responsibility

Corporate social responsibility remains a core organizational value.

Social Responsibility Metric 2024 Contribution
Annual Charitable Donations $1.7 million
Employee Volunteer Hours 4,562 total hours
Community Program Partnerships 12 active collaborations

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