Extol October-November 2019 | Page 45

BUSINESS ISSUE Life in the Slow Lane Schmitt Furniture celebrates longevity and overcoming industry changes BY MANDY WOLF DETWILER | PHOTOS BY ZACH SCHANSBERG Mention the name “Schmitt Furniture” and many folks in Kentuckiana will follow with a quick “on the furniture corner of State and Main in New Albany!” It’s one of the best-known taglines in the region following decades of commercials. The family-owned business – now under third- and fourth-generation management – remains true to its origins dating back to the 1930s, while bringing in the modern flair desired by today’s savvy shoppers. Fourth-generation partner Zack Schmitt and his father and company president Louis Schimitt, along with aunt Anne Schmitt, who serves as treasurer, are on hand daily at the massive New Albany store. Schmitt Furniture’s story hails back to 1936, when founder Charles H. Schmitt and A.M. Heleringer opened two locations in downtown New Albany. It was second-generation Charles Jr. who grew the business exponentially. “The second generation in successful family businesses tend to work out in the same way: the second generation generally grows the business, and that was the case here,” says Zack, who serves EXTOL : THE BUSINESS ISSUE 2019 43