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Gracious Home, a chain of four luxury hardware and housewares stores in New York, has new owners—including former Wal-Mart exec Dottie Mattison.
Mattison and real-estate executive David Mitchell are buying Gracious Home from an investment group, which will still own a small portion of the business, according to an article from The Wall Street Journal.
Mattison, who will be CEO, and Mitchell, who will serve as chairman, want to grow Gracious Home’s e-commerce business and possibly open new stores, the article says.
“The home space is pretty fractured,” Mattison says in the article. “There is an opportunity to really deliver with superior service and a vast assortment of highly edited, perfect items for different types of customers.”
Gracious Home opened in 1963 and is “the premier destination for interior designers and do-it-yourselfers,” according to gracioushome.com. The stores sell appliances, hardware, housewares, stationery, draperies, lightbulbs, fixtures, wallpaper and paint. The stores offer services such as vacuum cleaner repair, key cutting and custom paint making.
