{"id":4817,"date":"2021-05-07T08:58:48","date_gmt":"2021-05-07T13:58:48","guid":{"rendered":"https:\/\/www.dgedc.com\/?p=4817"},"modified":"2021-05-07T08:58:48","modified_gmt":"2021-05-07T13:58:48","slug":"steinhafels-plans-to-open-112000-sq-ft-store-in-downers-grove","status":"publish","type":"post","link":"https:\/\/www.dgedc.com\/steinhafels-plans-to-open-112000-sq-ft-store-in-downers-grove\/","title":{"rendered":"STEINHAFELS PLANS TO OPEN 112,000 SQ. FT. STORE IN DOWNERS GROVE"},"content":{"rendered":"<p>DOWNERS GROVE, IL- The Downers Grove Economic Development Corporation<\/p>\n<p>(DGEDC) announced today that Wisconsin-based, employee-owned Steinhafels, Inc. plans to open a 112,000 sq. ft. furniture store at 1021 Butterfield Road in Downers Grove.\u00a0 The company will be making improvements to the exterior and interior of the building.\u00a0 Steinhafels expects to open the store this fall.<\/p>\n<p>\u201cWe are very excited to be opening our 11<sup>th<\/sup> Furniture and Mattress Superstore in Downers Grove this Fall. We look forward to welcoming over 50 new associates to our company. As an employee-owned company, we know our associates are our greatest asset.\u201d said Steinhafels president, Andrew Steinhafel.\u00a0 \u201cWe look forward to providing the residents of Downers Grove and surrounding communities with the area\u2019s finest selection of furniture and mattresses along with an unsurpassed customer experience.\u201d<\/p>\n<p>Steinhafels is a fourth-generation furniture retailer, founded in 1934. The company sells quality home furnishings, mattresses and home d\u00e9cor.\u00a0 Steinhafels currently has sixteen stores, fourteen in Wisconsin and two in Illinois.\u00a0 The company projects that the Downers Grove store will have sales of $21 million in the first year, with 3% growth in subsequent years.\u00a0 On May 4, 2021 the Steinhafels family announced it had sold its shares to an Employee Stock Ownership Plan (ESOP), making the company 100% employee owned.<\/p>\n<p>\u201cSteinhafels is a great addition to Downers Grove, and to the Butterfield corridor\u201d said Downers Grove Mayor Robert Barnett.\u00a0 \u201cThey are an 87-year old company with a long tradition of serving their customers and the community, and we&#8217;re looking forward to welcoming the Steinhafels team to Downers Grove.\u201d<\/p>\n<p>For more information, please visit steinhafels.com and dgedc.com.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DOWNERS GROVE, IL- The Downers Grove Economic Development Corporation (DGEDC) announced today that Wisconsin-based, employee-owned Steinhafels, Inc. plans to open a 112,000 sq. ft. furniture store at 1021 Butterfield Road in Downers Grove.\u00a0 The company will be making improvements to the exterior and interior of the building.\u00a0 Steinhafels expects to open the store this fall. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4819,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>STEINHAFELS PLANS TO OPEN 112,000 SQ. FT. 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