• Clint Engel

Online Retailer Inmod.com Acquires Chiasso Assets

FAIRFIELD, N.J. - Online modern home furnishings retailer Inmod.com has acquired the Chiasso trademark and domain name from the previous owner, who shut down the Chicago-based home furnishings business.
     The purchase price was not disclosed. Chiasso's online store was closed earlier this year and traffic to that domain name is now being redirected to Inmod's website, with a welcome message and discount offer.
     The Chiasso name will be "preserved and used," said Inmod.com E-commerce account manager Ashley Tinter, though the company declined to provide details. More information about the acquisition will be disclosed in the third quarter, she said.
     Chiasso once operated more than a dozen stores and had annual revenues of $20 million, according to Inmod.com. It was later acquired at a bankruptcy auction by Chris Segal - son of Crate & Barrel founders Gordon and Carole Segal - and Greg Kadens and was operated by Chiasso Acquisitions until the announced closure earlier this year.
     "In a sea of online competition, we have always held Chiasso in the highest regard," Alan Finkelstein, co-founder of the Fairfield, N.J.-based Inmod. com, said in a release.
     "They were instrumental in revolutionizing the way people shopped for furniture and brought validity to the idea of experiencing and purchasing it online. They did it before anyone else did, and they did it better than most."
     Casey Choron, Inmod cofounder, said the company acquired the brand assets from Chiasso Acquisitions "to honor the Chiasso identity and its customers because it's our wish to carry on their tradition of providing its customers with stylish design at great prices, backed by excellent customer service and an impeccable reputation, which are core values of the Inmod brand."

Clint EngelClint Engel | Senior Retail Editor, Furniture Today

Please feel free to email or call me with all of your retail news and tips, including expansion news, successful merchandising and marketing strategies and anything else you would like to see covered by Furniture/Today.  Contact me directly at cengel@furnituretoday.com or 336-605-1129.

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HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!