Ashley’s own website answers the question directly. Somebody asks what the relationship is between Ashley Furniture Industries and Ashley stores. The answer: all Ashley stores are independently owned and operated.
Now open a press release the company issued in January 2026. It describes three divisions. One of them is Ashley Global Retail, which it calls North America’s largest furniture store brand.
So which is it. Does Ashley own the stores or not?

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Both, sort of. And the space between those two sentences is not sloppy copywriting. It is the single most valuable structural decision this company ever made.
There is a Labor Department case out of Lubbock, Texas that shows you exactly what it is worth.