In September of 2020, Bennington Furniture and Mattress owner Michael Fiacco increased his portfolio when he purchased The Old Brick, rebranding all locations to be Old Brick Furniture and Mattress Co.
With the ink barely dry on that deal, Fiacco is now expanding into Saratoga County with an additional 116,000 square feet of space!
First the company will centralize its tri-state distribution (NY, Vermont & Western Massachusetts) with a 70,000 square foot warehouse located in Clifton Park. "The space will allow for greater levels of centralized inventory which in turn will allow Old Brick to offer more rapid delivery to all three states" Fiacco said. "We believe that speed to the consumer is as important as it has ever been.
The new facility will have a larger customer service and repair department to better serve customers and will include a rooftop solar array bringing the company total to six arrays totaling 3,000 solar panels. The facility is due to open in summer 2021.
In addition to warehousing growth, Old Brick will open its eighth retail location; the fourth in the New York Capital Region. The 46,000 square foot space is a former Toys 'R Us location. Located on Clifton Country Road in Clifton Park, it is less than five miles from the new centralized warehouse.
This will be the first ground-up showroom with both the former Old Brick and Bennington Furniture teams working as one. "Saratoga County is one of the fastest growing counties in New York and the market is great for the value proposition and interior design services that Old Brick offers" Fiacco said. The showroom will leverage technology and place focus on in-store atmosphere. The showroom is due to open fall 2021.
Fiacco added "We are the only non-commission furniture Retailer in the area. Our Tag line is "Sell low and Tell The Truth". We are a very low pressure environment for consumers to shop. The old Brick from the 1960's till the 1980's where wholesalers who sold to retailers so working at low prices on tight margins is what we are used to."
Plans also include growth in its distribution, merchandising and sales teams. "As we continue to invest heavily in our infrastructure, we will also invest in human capital that will afford us continued growth" Fiacco says.
With regards to digital growth, Old Brick will expand a newly formed Digital Experience Team responsible for e-commerce sales, social and digital marketing, reputation management and digital communications. The team is set to launch a new e-commerce website in April 2021. Fiacco remarked "We recognize the changing times we are in and how we must evolve with them. However, with that growth we cannot forget the immeasurable value in remaining authentic. We are hyper-focused on nurturing the authenticity of the brand as we invest in and grow operational, digital and human capital."
Old Brick Furniture and Mattress Co. owner Michael Fiacco.
HALFMOON — A drive-thru convenience store may be coming to the region.
Farm Stores are drive-thru convenience/grocery stores in retrofitted shipping containers that resemble red barns. Drivers pull up on parallel sides of the building to view merchandise – dairy, eggs, fresh-baked bread, produce, beverages, and more – through the windows. A clerk working inside takes and bags orders.
An article done by the Albany Business Review states that a developer of Farm Stores has already purchased a 0.67 acre plot of land at 9 Route 236. This plot is across from a Stewart’s, and a few miles down the road from a Trader Joe’s that is currently under construction.
Olivia Huffman, a commercial real estate broker at RedMark Realty out of Clifton Park, exclusively represents Farm Stores and confirmed that the developer who purchased the land is Pointe Companies. Huffman also said that there are a minimum of 10 locations in upstate New York where they are looking to build more Farm Stores. Franchisees Richard and Angela Barone will be opening one soon in Wappingers Falls.
Richard Harris, the Director of Planning & Building for the town of Halfmoon, says that they have not yet received an application or concept plans for the Farm Store, and that the approval process could take approximately 2-3 months. However, Harris believes that it could be a positive commerce opportunity for Halfmoon, and might help to spread out traffic near other businesses in town.
Saratoga County — Rebuilding Together Saratoga County announced a new name for their store in Ballston Spa. ReShop for the Good sells new and gently-used furniture, household goods and decor. Proceeds from ReShop for the Good support Rebuilding Together Saratoga County’s work to provide critical repairs and accessibility modifications for low-income homeowners in our community. ReShop for the Good originally opened in 2017 and has continued to see increased business year-over-year.
Six years ago, when Jamie Kennedy was putting together his business plan, he had no idea what the growth trajectory would be. The following year with funding in place he hired 4 employees and began KPM Restoration. His mission statement was clear and simple: ‘Getting You Back To Normal.’ From water damage restoration, fire damage cleanup, mold removal and remediation to sewage cleanup, he said his technicians would work tirelessly to restore your home to its previous state.
In 2020, we can use local sales tax collections as a way to evaluate consumer spending. The good news was that Saratoga County’s sales tax revenues declined by just 1.3% in 2020 versus 2019. The bad news is that sales tax collections in the City of Saratoga Springs dropped by 27%. The hope is that we’re now reopening many businesses and vaccinating more people every day. This should mean we are poised for an increase in consumer spending locally, in 2021.
The Veterans Business Council of the Saratoga County Chamber of Commerce to Hold First Annual Comedy Night to Support the Local Veteran Community on March 25th
Saratoga Springs, NY – The Veterans Business Council of the Saratoga County Chamber is proud to host a virtual evening of comedy with top comedians Chris Monty “What’s the Worst that Can Happen” and Chris Roach of “Kevin Can Wait” to benefit local veterans.
Saratoga County Expansion Will Help Give AT&T Customers and FirstNet Subscribers Better Access to Mobile Internet
SARATOGA SPRINGS — Former Manhattan ADA turned boxing promoter and founder of One With Life Organic Tequila (OWL) Lisa Elovich embarks on a new partnership with four world champions.
SARATOGA SPRINGS — The Adirondack Trust Company (ATC) recently announced that it has donated $1,750 to Saratoga PLAN as part of its annual ATC Credit Card Donation. Once per year, Adirondack Trust donates a percentage of the interest earned on credit-card balances to a local, 501(c)(3) nonprofit organization. The organization is selected as part of the ATC survey that is sent out annually and chosen by ATC credit-card customers.
On Friday, March 12, Saratoga TODAY newspaper launched their annual ‘Best OF’ the Saratoga Region. The contest, which runs for 6 weeks, includes 150 categories ranging from fine dining and mattress store to wealth management and best accountant.
As of noon on the 12th they already had over 2,500 votes. “This contest is a community favorite every year” states Publisher Chad Beatty. “The readers and the businesses love it.”
To vote for your favorite business, go to: www.SaratogaTodayNewspaper.com
Saratoga Springs - As we begin to approach the warmer weather, and the promise of spring, we begin to feel hopeful. Spring is a season of renewal that comes with earlier daylight, and later darkness, which at times seemed impenetrable. Our positive cases are going down, and vaccines are being delivered into arms across the world.