Broad River Retail (BRR), one of the largest and fastest-growing independently owned and operated Ashley Store licensees, has achieved the recognition of the Charlotte Business Journal’s (CBJ) Fast 50 Award.
“The Charlotte Business Journal’s Fast 50 accolade would not be possible without our people, also known as our Memory Makers,” Charlie Malouf, Broad River Retail President and CEO said. “They are the ones who make the success and achievements of Broad River Retail possible. Through the tumultuous times of the pandemic and economic uncertainty, our Memory Makers continue to be heroic.”
This is the second time BRR is amongst Charlotte Business Journal’s Fast 50 — an award program that highlights the Charlotte region’s fastest-growing private companies, with the rankings based on the average percentage of annual growth over the three-year period of 2019-2021.
Companies also needed to have at least $1 million in sales in 2021 and be headquartered in the greater Charlotte metro area. Earlier this year, Broad River Retail ranked #31 on CBJ’s list of largest private companies in Charlotte.
“Broad River Retail’s recognition as one of Charlotte’s largest and fastest-growing private companies is a testament to our team’s grit and resiliency,” says Manny Rodrigues, Chief Operating Officer. “The Fast 50 recognition is a true representation of how we are thriving as a company. This award provides us with more momentum to continue marching forward and pursuing excellence each day.”
Broad River Retail recently announced construction has begun on its 32nd Ashley store in Salisbury, North Carolina. This two-in-one concept store is an Ashley store and an Ashley Outlet under one roof. It is BRR’s largest redevelopment project to date. BRR celebrated store grand openings in Greenwood, SC, and Southern Pines, NC, as well as a distribution center grand opening in Spartanburg, SC in 2022.