Apartment Therapy Los Angeles | News: DWR Annex to Open in Palm Springs

News: DWR Annex to Open in Palm Springs

800 North Palm Canyon Drive

Palm Springs, CA 92262

www.dwr.com

We've been big fans of DWR for a long time (it's where we first met the ATLA team for the smallest coolest party back in 2006) but can't say that we own very much of what we love. Their Tools For Living line gave us some more affordable and utilitarian options late last year and here's some more great news: DWR is going to be opening up an annex in Palm Springs in two weeks. Why is this such good news? Jump below to find out.

The DWR Annex is going to be a resource for overstock, returns, samples, discontinued lines and other items, all offered for sale at a discount and for immediate purchase off the floor. This means that you can get a deal on something you may have been eying for a long time. Just how much things will be discounted remains to be seen. The space will also function as a traditional showroom, but we're more excited to check out the discounted merch perhaps fulfilling our fantasy furniture purchases, and maybe just looking.

is this your store?

News

Location:	800 North Palm Canyon Drive Palm Springs , CA 92262
Website:	www.dwr.com

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Comments (7)

So exciting! I can't wait to go - does anyone know the date they will be open??

posted by Mini Cooper Kate on February 2nd 2009 at 4:58pm
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OMG!

posted by foodiegirl on February 2nd 2009 at 5:23pm
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wow. that's would be awesome!

posted by souk1501 on February 2nd 2009 at 6:39pm
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WOW Design Out of Reach may one day really be IN reach!

posted by miniminx on February 2nd 2009 at 7:27pm
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I've had good luck with the Annex in New Jersey. I find that if you don't go in demanding lower prices (or making Design out of Reach jokes) that you can usually negotiate a decent price.

posted by Modfan on February 2nd 2009 at 11:08pm
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DWR is about to be acquired by a private equity company, very soon. I see this happening, as DWR's stock price is getting slaughtered. Opening another brick and mortar is another foolish move. Here's a brief summary of the press release from today:

Feb 2 (Reuters) - Furniture maker Design Within Reach Inc (DWRI.O: Quote, Profile, Research) said it hired investment banking firm Thomas Weisel Partners LLC to help it review strategic options, including a possible sale of the company, boosting its shares 48 percent.

Thomas Weisel Partners will also provide advice on an unsolicited offer recently received by Design Within Reach.

"We have decided to evaluate alternatives that will best serve the interest of all of our shareholders, given our depressed share price," Chief Executive Ray Brunner said in a statement.

The company, whose competitors include Williams-Sonoma Inc (WSM.N: Quote, Profile, Research) and Steelcase Inc (SCS.N: Quote, Profile, Research), said its board has appointed a committee to work with Thomas Weisel Partners to allow its management team to focus on day-to-day operations.

Shares of San Francisco, California-based Design Within Reach rose to 65 cents in trading after the bell. They had closed flat at 44 cents Monday on Nasdaq. (Reporting by Renju Jose in Bangalore; Editing by Pratish Narayanan)

posted by Shinichi on February 3rd 2009 at 1:12am
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i do not see how being a public or private company is any sign of its financial health. they started out as a private company, btw. and no one would buy it if they didn't believe they could get a profitable return. investors tend to like making money off of successful ventures.

posted by twelveindustries on February 5th 2009 at 4:25pm
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