Bob's Discount Furniture - Wikipedia

Bob’s Discount Furniture – Wikipedia

American furnishings retailer

Bob’s Low cost Furnishings is an American furnishings retailer chain headquartered in Manchester, Connecticut. Bob’s Low cost Furnishings was based in 1991 with its first retailer in Newington, Connecticut[1] and is ranked 12th in gross sales amongst United States furnishings shops in accordance with Furnishings Immediately‘s listing of Prime 100 Furnishings Shops.[14] As of February 2020, the corporate has 126 shops in 20 states, primarily within the Northeast, Mid-Atlantic, Midwest, and West Coast.

Historical past[edit]

In 1976, future firm co-founder Bob Kaufman was injured in a motorbike accident. He found the advantages of a waterbed for recuperation.[1][15] The expertise impressed Kaufman to turn into concerned with waterbed gross sales, and in the course of the 1980s, he rented house in 24 New England shops for promoting waterbeds.[1][15] By 1990, waterbed gross sales had dwindled, and Kaufman partnered with Gene Rosenberg, proprietor of Wholesale Furnishings, the place Kaufman had rented house for waterbed gross sales. Rosenberg acquired a constructing in Newington, Connecticut that was beforehand owned by a furnishings firm that had turn into bankrupt.[1][15] In 1991, the Newington, Connecticut location grew to become the primary Bob’s Low cost Furnishings retailer.[1][16][15] The corporate was initially co-owned by Rosenberg (two-thirds) and Kaufman (one-third).[1] As time progressed, the corporate expanded to further places, typically buying buildings that had been vacated by tenants bankrupted in the course of the recession.[1] By 1997, the corporate operated a dozen shops in Connecticut and two in western Massachusetts.[1] The corporate’s potential to develop throughout its early years regardless of unfavorable financial situations has been partially attributed to the in depth use of commercials.[1][16] In early 2005, the funding agency Saunders Karp & Megrue acquired 70 % possession of Bob’s Low cost Furnishings. Subsequently, Saunders Karp & Megrue was acquired by Apax Companions Worldwide in March 2005.[10][11][12][16]

In November 2006, Ted English, former president and CEO of TJX Corporations, grew to become the CEO of Bob’s Low cost Furnishings, changing Stan Adelstein, who grew to become chairman.[5][17][18] Adelstein retired in April 2013, with English taking on as chairman.[19] In late 2006, Bob’s Low cost Furnishings expanded into Rhode Island, New Jersey, and New York. English led Bob’s into its enlargement additional south into Maryland and Virginia.[17][20] In Q1 of 2014, Bob’s Low cost Furnishings was acquired by Bain Capital, with the present administration staff persevering with to personal a major stake within the firm as part of that deal.[21][22]

In 2016, Michael Skirvin was promoted from president and COO to president and CEO, changing English, who remained with Bob’s Low cost Furnishings as govt chairman.[23]

Bob’s Low cost Furnishings retailer in King of Prussia, Pennsylvania

In June 2020, Skirvin retired and English took the place again over as interim CEO. In October the place was completely stuffed by William Barton of California Closets. [24]

Promoting[edit]

Bob’s Low cost Furnishings is a prolific advertiser on each tv and radio.[25] As of 1997, the corporate broadcast roughly 500 commercials every week in Connecticut on community and cable tv stations.[1] By 2006, the commercials had turn into frequent throughout broadcasts of Boston Pink Sox and New York Mets video games.[26] The commercials often function firm president Bob Kaufman, sometimes sporting denims and a golf shirt or turtleneck, and have additionally included Bob’s Low cost Furnishings workers comparable to Cathy Poulin, the corporate’s Director of Public Relations.[27][5][16][28][29] In 2005, “Little Bob,” a miniature model of Bob Kaufman, incessantly seems within the firm’s commercials.[30] The ads are incessantly described as prolific,[31] wacky and goofy typically containing catch phrases describing their “untouchable worth.”[30]

By company sponsorship applications, Bob’s Low cost Furnishings has labored with a number of skilled sports activities groups, together with the New England Patriots,[32]Pittsburgh Steelers,[33]New York Giants,[34]Los Angeles Chargers,[35] and Los Angeles Galaxy.[36]

Shops and merchandise[edit]

Bob’s Low cost Furnishings has shops situated in Maine, New Hampshire, Massachusetts, Connecticut, Rhode Island, New York, New Jersey, Maryland, Virginia, Pennsylvania, Delaware, Illinois, Indiana, Missouri, Michigan and Wisconsin.[37] The Midwest enlargement got here within the wake of H.H. Gregg’s sudden liquidation, permitting Bob’s to buy the leases for these former buildings.[38] The corporate expanded to the West Coast in February 2018, choosing up leases of former Sport Chalet and Sports activities Authority shops that closed in 2016.[39]

Round July 2020, Bob’s expanded to the Phoenix metropolitan space in Arizona.[40]

Bob’s Low cost Furnishings places embrace an in-store cafe with complimentary refreshments.[41][42][43] Some shops even have a again room with merchandise which are thought of imperfect; this space known as “The Outlet.”

Bob’s Low cost Furnishings donates over $2.75 million per 12 months to charitable causes via two initiatives, the Bob’s Low cost Furnishings Charitable Basis and Bob’s Outreach program.[44] By these efforts, the corporate has supported March of Dimes,[45]Autism Speaks,[46]Particular Olympics,[47]Save the Kids,[48] and Camp Rising Solar.[49][50][51]

The corporate has been acknowledged by the American Pink Cross for its blood drives and monetary contributions to the group.[52][53] Bob’s Low cost Furnishings has sponsored blood drives in partnership with skilled American soccer groups together with the New England Patriots[54] and the New York Giants.[55]

By the corporate’s Random Acts of Kindness program, funds are donated to native colleges and applications for youngsters following the opening of a brand new retailer.[56][57][36][58]

Bob’s Low cost Furnishings operated a charity fundraising occasion for over 30 years. The occasion raised funds for a variety of non-profit charities, together with Nutmeg Massive Brothers Massive Sisters, Household & Kids’s Assist, Connecticut Kids’s Medical Heart, and Camp Rising Solar.[59][60]

The corporate collects and matches in-store donations from its clients via their Café Collections for a Trigger program. This system has supported non-profit charities together with Autism Speaks,[61]Alex’s Lemonade Stand Basis,[62][63] and Particular Olympics.[64]

In response to the harm brought on by Hurricane Sandy in October 2012, Bob’s Low cost Furnishings and its workers offered reduction help. The corporate offered meals, clothes and reduction provides in addition to the vehicles to ship the objects.[65]

References[edit]

  1. ^ a b c d e f g h i j okay Ryan, Invoice. Now About Bob and These TV Spots… The New York Occasions. Part 14CN, Web page 1. November 30, 1997.
  2. ^ “Bob’s Low cost Furnishings Retailer Places”. Retrieved September 5, 2018.
  3. ^ a b Bob’s Low cost Furnishings Promotes Michael Skirvin to President & CEO. March 10, 2016. Final accessed April 28,2016.
  4. ^ Bob’s Low cost Furnishings coming to Southern California with 6 shops deliberate for 2018. December 06, 2017. Final accessed January 18,2018.
  5. ^ a b c Firm profile[permanent dead link] from Hoover’s, Inc.. Final accessed September 15, 2007.
  6. ^ “Bob’s Low cost Furnishings Names Steve Nesle as CMO, Adam Kasper as Advertising and marketing VP, Stacey Karagiannis as eCommerce VP”. Bulldog Reporter. Retrieved 30 December 2017.
  7. ^ “Michael Hoffman, Carol Glaser in expanded roles at Bob’s”. Furnishings Immediately. Archived from the unique on 2016-10-31. Retrieved 28 December 2017.
  8. ^ http://media.progressivebusinessmedia.com/file/4/4269-top-100-furniture-today.pdf?submissionGuid=9f107de2-45f4-46e5-9072-8f41591b4754
  9. ^
    New Buyers Have ‘Come on Down’ To Bob’s Low cost Furnishings (article preview). The Hartford Courant. February 1, 2005. E1. Final accessed September 15, 2007.
  10. ^ a b Saunders Karp & Megrue Completes Recapitalization of Bob’s Low cost Furnishings (press launch). January 31, 2005. Final accessed September 14, 2007.
  11. ^ a b Engel, Cliff. Agency buys 70% stake in Bob’s. Furnishings Immediately. February 7, 2005. Final accessed September 14, 2007.
  12. ^ a b French, Howard. Bob’s shifting into Rhode Island Archived September 25, 2006, on the Wayback Machine. Journal Inquirer. July 19, 2006. Final accessed September 14, 2007.
  13. ^ http://forbes.com/firms/bobs-discount-furniture/?listing=best-midsize-employers/#f1c8b994eb00
  14. ^ “Who’re the Prime 100 Furnishings Shops? | Furnishings Immediately”. www.furnituretoday.com. Retrieved 2018-04-18.
  15. ^ a b c d “About”. 2008-07-31. Archived from the unique on 31 July 2008. Final accessed September 14, 2007.
  16. ^ a b c d Marks, Paul. New Buyers Have ‘Come on Down’ To Bob’s Low cost Furnishings (article preview). The Hartford Courant. February 1, 2005. E1. Final accessed September 15, 2007.
  17. ^ a b Cronin, Anthony. Former TJX CEO becoming a member of Bob’s Low cost Furnishings. The Day (New London, CT). Enterprise and Monetary Information. November 8, 2006.
  18. ^ Engel, Clint. Bob’s Low cost names TJX veteran English to CEO publish Archived June 10, 2008, on the Wayback Machine. Furnishings Immediately. November 13, 2006. Final accessed September 14, 2007.
  19. ^ “Stan Adelstein retires as Bob’s Low cost Furnishings chairman – Furnishings Immediately”. www.furnituretoday.com. Retrieved three January 2018.
  20. ^ “Booming Bob’s | Homegrown TV Adverts And Product Worth Doubles Furnishings Vendor’s Progress”. Hartford Enterprise Journal. Retrieved 2018-01-19.
  21. ^ “Bob’s Low cost Furnishings to Be Acquired by Bain Capital”. Retrieved three January 2018.
  22. ^ Abrams, Rachel. “Bain to Purchase Management of Bob’s Low cost Furnishings”. DealBook. Retrieved 2018-01-19.
  23. ^ “Bob’s Low cost Furnishings names CEO |Chain Retailer Age”. Chain Retailer Age. 2016-03-10. Retrieved 2018-01-19.
  24. ^ https://www.furnituretoday.com/welcome-ad/?retUrl=/furniture-retailing/bobs-discount-furniture-taps-former-california-closets-exec-as-new-president-ceo/
  25. ^ “Bob’s Low cost Furnishings Kicks Off “Rejoice the Arts Contest“. Furnishings World Journal. Retrieved 2020-04-30.
  26. ^ Aucoin, Don. Bigmouth Strikes Once more. The Boston Globe. Residing, p. C3. July 8, 2006.
  27. ^ “Bob’s Low cost Furnishings arrives at Broadcasting Sq. | Studying Eagle – MONEY”. Studying Eagle. Retrieved 2018-01-19.
  28. ^ Fillo, Maryellen. Is Bob’s Sidekick Gone? I Doubt It! (article preview). The Hartford Courant. Life part. September 23, 2006. Final accessed September 14, 2007.
  29. ^ Gomez, Michael. It is Bob’s World, We Simply Sit in It. Enterprise New Haven. March 20, 2000. Final accessed September 14, 2007.
  30. ^ a b “Bob’s Low cost Furnishings invades Chicago market with a number of shops and goofy adverts”. www.bizjournals.com. Retrieved 2018-01-19.
  31. ^ “A ‘No Phony Gimmicks’ Man”. 75th Anniversary. Retrieved 2018-01-19.
  32. ^ “Patriots and Bob’s donate 200 beds to children in want”. www.patriots.com. Retrieved 2019-05-16.
  33. ^ “Bringing assist – and furnishings – to those that want it”. www.steelers.com. Retrieved 2019-05-16.
  34. ^ “Meet Giants alumni at Bob’s Low cost Furnishings”. www.giants.com. Retrieved 2019-05-16.
  35. ^ “Bob’s Low cost Furnishings enters Los Angeles market with 6 shops in 2018”. Furnishings Immediately. 2017-10-18. Retrieved 2019-05-16.
  36. ^ a b “Bob’s Low cost Furnishings | LA Galaxy”. Retrieved 2019-05-16.
  37. ^ “Retailer Places | Bob’s Low cost Furnishings”. www.mybobs.com. Retrieved 2018-01-19.
  38. ^ Ford-Stewart, Jane (7 February 2017). “Massive {discount} furnishings chain opening quickly in Greenfield”. Milwaukee Journal Sentinel. Retrieved 27 March 2019.
  39. ^ “Bob’s Furnishings Approaching Right down to the West Coast”. Manchester, CT Patch. 2018-02-09. Retrieved 2018-04-18.
  40. ^ https://www.bizjournals.com/phoenix/information/2020/07/30/bob-s-discount-furniture-open-first-phoenix-stores.html
  41. ^ “Bob’s Low cost Furnishings Opens in Burbank”. Oak Garden, IL Patch. 2016-02-10. Retrieved 2018-01-19.
  42. ^ Burke, Michael. “Bob’s Low cost Furnishings opens at Regency Mall”. Journal Occasions. Retrieved 2018-01-19.
  43. ^ “Bob’s Low cost Furnishings arrives at Broadcasting Sq. | Studying Eagle – MONEY”. Studying Eagle. Retrieved 2018-01-19.
  44. ^ “About Us | Bob’s Cares”. www.bobscares.org. Archived from the unique on 2018-01-20. Retrieved 2019-05-16.
  45. ^ “Prepared. Set. March for Infants! | March of Dimes”. www.marchofdimes.org. Retrieved 2019-05-16.
  46. ^ “Bob’s Low cost Furnishings”. Autism Speaks. Retrieved 2019-05-16.
  47. ^ “Bob’s Low cost Furnishings presents $75okay Examine to Particular Olympics | Furnishings Immediately”. www.furnituretoday.com. Retrieved 2018-01-19.
  48. ^ “Bob’s Low cost Furnishings provides $45,000 to Save the Kids | Furnishings Immediately”. www.furnituretoday.com. Retrieved 2018-01-19.
  49. ^ “About Us | Bob’s Cares”. www.bobscares.org. Archived from the unique on 2018-01-20. Retrieved 2018-01-19.
  50. ^ “Charitable Giving Sequence: Bob’s Artistic Giving | Furnishings World Journal”. Furnishings World Journal. Retrieved 2018-01-19.
  51. ^ “KIDS: Assets for Mother and father”. www.ct.gov. Retrieved 2019-05-16.
  52. ^ Pink Cross salutes Bob’s Low cost Archived June 10, 2008, on the Wayback Machine. Furnishings Immediately. June 29, 2005. Final accessed September 14, 2007.
  53. ^ Mybobssquad.com Archived September 11, 2007, on the Wayback Machine
  54. ^ “Bob’s Low cost, Pink Cross, New England Patriots Workforce Up for Blood Drive”. House Furnishings Information. 2013-12-04. Retrieved 2020-04-30.
  55. ^ “Giants internet hosting annual blood drive Saturday”. Archived from the unique on 2018-01-04. Retrieved three January 2018.
  56. ^ Bong, Bob. “Bob’s Low cost Furnishings set to open 5 shops”. Day by day Southtown. Retrieved 2019-05-16.
  57. ^ Asaba, Jeni. “Bob’s Furnishings donates laptops to M.S. 206”. Bronx Occasions. Retrieved 2019-05-16.
  58. ^ “Charitable Giving Sequence: Bob’s Artistic Giving”. Furnishings World Journal. Retrieved 2019-05-16.
  59. ^ “Bob’s Low cost Furnishings broadcasts 30th Annual Golf Outing | Furnishings Immediately”. www.furnituretoday.com. Retrieved 2018-01-19.
  60. ^ Corridor, Claire (2016-08-03). “A ‘No Phony Gimmicks’ Man”. 75th Anniversary. Retrieved 2019-05-16.
  61. ^ “Bob’s Low cost Furnishings donates $100,000 to Autism Speaks”. Hartford Enterprise Journal. 2015-07-10. Retrieved 2019-05-16.
  62. ^ “Bob’s Furnishings/Alex’s Lemonade Stand Marketing campaign Nets $85,000”. Manchester, CT Patch. 2018-11-30. Retrieved 2019-05-16.
  63. ^ Walker, Quoron. “Alex’s Lemonade Stand Debuts At Bob’s Low cost Furnishings”. courant.com. Retrieved 2019-05-16.
  64. ^ Ameden, Danielle. “Particular Olympics athletes compete in MetroWest Colleges Video games”. Natick Bulletin and Tab. Retrieved 2016-04-28.
  65. ^ Council, Younger Entrepreneur. “Why Your Model Promise Is Nothing With out Supply”. Forbes. Retrieved 2019-05-16.

Exterior hyperlinks[edit]

Coordinates: 41°48′30″N 72°31′25″W / 41.80833°N 72.52361°W / 41.80833; -72.52361


Leave a Reply

Your email address will not be published. Required fields are marked *