New Year's Day meant a new business for Siloam Springs as Sam's Furniture opened an outlet store in Siloam Springs on Jan. 1.
The Springdale furniture chain moved into the old Bynum's Furniture building on U.S. Highway 412. The new location in Siloam Springs is part of a large expansion effort for the company, according to Sam's Furniture's President Joe Donaldson.
"We're actually branching out and we got about a seven-store expansion plan over in the next couple of years, and it's one of those things Siloam is a town that is strategically around our flagship location in Springdale," Donaldson said.
Donaldson did not say what other cities he is looking to expand to, but did say he was meeting with a realtor in Joplin on Friday evening.
Donaldson said he wanted these satellite stores to be within a two-hour drive of Sam's main campus, which will be used to distribute furniture to those satellite locations. Donaldson said many of the details have not yet been released to the public.
The Siloam Springs location is a 25,000-square-foot location selling bedroom, living room and dining room brand name furniture in the low- to medium-price point, Donaldson said.
Sam's new location will have a nine-person staff, Donaldson said. Five of those nine employees were new hires from the Siloam Springs area, Donaldson said.
While Sam's Siloam Springs location has only been open a full week, Donaldson said business has been good so far.
The location was previously occupied by another furniture chain. Bynum's operated the building from 2006 until December 2019 when Paul Bynum Sr. retired for health reasons. The building sat empty for a year before Sam's Furniture came in and opened their new location.