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Bobã¢â‚¬â„¢s Discount Furniture and Mattress Store

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Bobã¢â‚¬â„¢s Discount Furniture and Mattress Store


American piece of furniture shop

Bob'south Disbelieve Furniture
Type Private
Industry Piece of furniture retail
Founded December 13, 1991; 30 years agone  (Dec 13, 1991)
Founders Bob Kaufman
Cistron Rosenberg[i]
Headquarters

Manchester, Connecticut

,

U.Due south.

Number of locations

 126 stores (Feb. 2020)[ii]

Surface area served
  • Mid-Atlantic
  • Midwest
  • Northeast
  • West Coast
[3] [iv]

Key people

 Edmond (Ted) J. English (Executive Chairman)
Bill Barton (President & CEO) [3] [5]
Jeremy Aguilar CFO
Stephen Nesle (CMO) [6]
Michael Hoffman (EVP Marketing) [7]
John Weldon (COO)
Products Furniture, Bedding, Mattresses
Acquirement Increase The states$ 1.158 billion (2016)[8]
Owner Bain Capital letter[9] [10] [11] [12]

Number of employees

 i,000 (2019)[xiii]
Website www.mybobs.com

Bob's Disbelieve Furniture is an American furniture store concatenation headquartered in Manchester, Connecticut. Bob'south Disbelieve Piece of furniture was founded in 1991 with its first store in Newington, Connecticut[ane] and is ranked 12th in sales among United States article of furniture stores co-ordinate to Furniture Today's listing of Superlative 100 Article of furniture Stores.[14] As of Feb 2020, the company has 126 stores in xx states, primarily in the Northeast, Mid-Atlantic, Midwest, and West Coast.

History [edit]

In 1976, future company co-founder Bob Kaufman was injured in a motorbike accident. He discovered the benefits of a waterbed for recuperation.[one] [15] The experience inspired Kaufman to become involved with waterbed sales, and during the 1980s, he rented infinite in 24 New England stores for selling waterbeds.[1] [15] By 1990, waterbed sales had dwindled, and Kaufman partnered with Gene Rosenberg, possessor of Wholesale Furniture, where Kaufman had rented infinite for waterbed sales. Rosenberg acquired a building in Newington, Connecticut that was previously owned by a furniture company that had get broke.[ane] [15] In 1991, the Newington, Connecticut location became the kickoff Bob'southward Discount Furniture store.[ane] [16] [15] The company was initially co-owned by Rosenberg (2-thirds) and Kaufman (one-third).[ane] Equally time progressed, the company expanded to additional locations, oftentimes acquiring buildings that had been vacated by tenants bankrupted during the recession.[1] By 1997, the company operated a dozen stores in Connecticut and 2 in western Massachusetts.[1] The company's ability to grow during its early on years in spite of unfavorable economical conditions has been partially attributed to the extensive utilise of commercials.[1] [16] In early 2005, the investment firm Saunders Karp & Megrue caused 70 per centum ownership of Bob's Discount Piece of furniture. Subsequently, Saunders Karp & Megrue was acquired by Apax Partners Worldwide in March 2005.[10] [11] [12] [16]

In Nov 2006, Ted English, old president and CEO of TJX Companies, became the CEO of Bob'southward Discount Furniture, replacing Stan Adelstein, who became chairman.[5] [17] [eighteen] Adelstein retired in April 2013, with English taking over every bit chairman.[19] In late 2006, Bob's Discount Furniture expanded into Rhode Isle, New Jersey, and New York. English led Bob's into its expansion farther s into Maryland and Virginia.[17] [xx] In Q1 of 2014, Bob's Discount Furniture was acquired by Bain Uppercase, with the current management team standing to own a significant stake in the company as a part of that deal.[21] [22]

In 2016, Michael Skirvin was promoted from president and COO to president and CEO, replacing English, who remained with Bob'southward Discount Article of furniture as executive chairman.[23]

Bob's Discount Furniture store in King of Prussia, Pennsylvania

In June 2020, Skirvin retired and English language took the position back over as interim CEO. In October the position was permanently filled by William Barton of California Closets.[24]

Advertising [edit]

Bob'due south Discount Furniture is a prolific advertiser on both telly and radio.[25] As of 1997, the visitor broadcast roughly 500 commercials a calendar week in Connecticut on network and cable television stations.[1] Past 2006, the commercials had become common during broadcasts of Boston Red Sox and New York Mets games.[26] The commercials usually characteristic visitor president Bob Kaufman, typically wearing jeans and a golf shirt or turtleneck, and have also included Bob's Discount Furniture employees such as Cathy Poulin, the company'due south Director of Public Relations.[27] [5] [sixteen] [28] [29] In 2005, "Little Bob," a miniature version of Bob Kaufman, oft appears in the company's commercials.[30] The advertisements are oftentimes described equally prolific,[31] wacky and goofy ofttimes containing take hold of phrases describing their "untouchable value."[30]

Through corporate sponsorship programs, Bob's Discount Piece of furniture has worked with several professional person sports teams, including the New England Patriots,[32] Pittsburgh Steelers,[33] New York Giants,[34] Los Angeles Chargers,[35] and Los Angeles Galaxy.[36]

Stores and products [edit]

Bob's Discount Furniture has stores located in Maine, New Hampshire, Massachusetts, Connecticut, Rhode Isle, New York, New Jersey, Maryland, Nevada, Virginia, Pennsylvania, Delaware, Illinois, Indiana, Missouri, Michigan, Ohio, Wisconsin, Arizona, and California.[37] The Midwest expansion came in the wake of H.H. Gregg's sudden liquidation, allowing Bob'south to purchase the leases for those former buildings.[38] The visitor expanded to the West Coast in February 2018, picking up leases of former Sport Chalet and Sports Authorization stores that airtight in 2016.[39]

Around July 2020, Bob's expanded to the Phoenix metropolitan area in Arizona.[40]

Bob'southward Disbelieve Furniture locations include an in-store buffet with complimentary refreshments.[41] [42] [43] Some stores also accept a back room with products that are considered imperfect; this area is called "The Outlet."

[edit]

Bob'due south Disbelieve Furniture donates over $2.75 meg per year to charitable causes through ii initiatives, the Bob's Disbelieve Furniture Charitable Foundation and Bob's Outreach program.[44] Through these efforts, the company has supported March of Dimes,[45] Autism Speaks,[46] Special Olympics,[47] Relieve the Children,[48] and Camp Rise Sun.[49] [50] [51]

The company has been recognized past the American Red Cross for its blood drives and fiscal contributions to the organization.[52] [53] Bob'south Disbelieve Piece of furniture has sponsored claret drives in partnership with professional American football teams including the New England Patriots[54] and the New York Giants.[55]

Through the company's Random Acts of Kindness plan, funds are donated to local schools and programs for children following the opening of a new store.[56] [57] [36] [58]

Bob's Discount Furniture operated a charity fundraising event for over 30 years. The consequence raised funds for a number of non-profit charities, including Nutmeg Large Brothers Big Sisters, Family unit & Children's Aid, Connecticut Children'south Medical Center, and Camp Ascension Sun.[59] [60]

The company collects and matches in-store donations from its customers through their Café Collections for a Crusade program. The program has supported not-turn a profit charities including Autism Speaks,[61] Alex's Lemonade Stand Foundation,[62] [63] and Special Olympics.[64]

In response to the damage caused by Hurricane Sandy in Oct 2012, Bob'south Discount Article of furniture and its employees provided relief help. The company provided food, wearable and relief supplies as well every bit the trucks to deliver the items.[65]

References [edit]

  1. ^ a b c d e f thou h i j k Ryan, Bill. At present Virtually Bob and Those Television Spots... The New York Times. Section 14CN, Page 1. November 30, 1997.
  2. ^ "Bob's Disbelieve Furniture Store Locations". Retrieved September 5, 2018.
  3. ^ a b Bob'south Discount Furniture Promotes Michael Skirvin to President & CEO. March x, 2016. Last accessed April 28,2016.
  4. ^ Bob's Discount Article of furniture coming to Southern California with vi stores planned for 2018. Dec 06, 2017. Final accessed January 18,2018.
  5. ^ a b c Visitor profile [ permanent expressionless link ] from Hoover's, Inc. Last accessed September xv, 2007.
  6. ^ "Bob's Disbelieve Furniture Names Steve Nesle as CMO, Adam Kasper as Marketing VP, Stacey Karagiannis as eCommerce VP". Bulldog Reporter. Retrieved xxx Dec 2017.
  7. ^ "Michael Hoffman, Carol Glaser in expanded roles at Bob'south". Article of furniture Today. Archived from the original 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 Investors Have 'Come on Down' To Bob's Discount Furniture (article preview). The Hartford Courant. February ane, 2005. E1. Last accessed September 15, 2007.
  10. ^ a b Saunders Karp & Megrue Completes Recapitalization of Bob's Disbelieve Furniture (printing release). January 31, 2005. Final accessed September fourteen, 2007.
  11. ^ a b Engel, Cliff. Business firm buys seventy% stake in Bob's. Furniture Today. February seven, 2005. Terminal accessed September 14, 2007.
  12. ^ a b French, Howard. Bob's moving into Rhode Island Archived September 25, 2006, at the Wayback Car. Journal Inquirer. July 19, 2006. Final accessed September 14, 2007.
  13. ^ "Bob's Disbelieve Article of furniture". Forbes.
  14. ^ "Who are the Top 100 Furniture Stores? | Furniture Today". world wide web.furnituretoday.com. 23 May 2017. Retrieved 2018-04-18 .
  15. ^ a b c d "About". 2008-07-31. Archived from the original on 31 July 2008. Concluding accessed September 14, 2007.
  16. ^ a b c d Marks, Paul. New Investors Have 'Come on Downwards' To Bob'southward Discount Article of furniture (commodity preview). The Hartford Courant. February 1, 2005. E1. Last accessed September 15, 2007.
  17. ^ a b Cronin, Anthony. Former TJX CEO joining Bob'south Discount Piece of furniture. The Day (New London, CT). Business and Financial News. November 8, 2006.
  18. ^ Engel, Clint. Bob'southward Discount names TJX veteran English to CEO mail Archived June ten, 2008, at the Wayback Auto. Piece of furniture Today. November 13, 2006. Terminal accessed September 14, 2007.
  19. ^ "Stan Adelstein retires as Bob'due south Discount Piece of furniture chairman - Article of furniture Today". www.furnituretoday.com. ii April 2013. Retrieved 3 January 2018.
  20. ^ "Booming Bob'due south | Homegrown TV Ads And Product Value Doubles Furniture Seller'southward Growth". Hartford Business concern Journal . Retrieved 2018-01-19 .
  21. ^ "Bob's Disbelieve Article of furniture to Be Acquired by Bain Capital". xxx December 2013. Retrieved 3 January 2018.
  22. ^ Abrams, Rachel. "Bain to Buy Command of Bob's Discount Furniture". DealBook . Retrieved 2018-01-19 .
  23. ^ "Bob's Discount Furniture names CEO |Chain Shop Age". Chain Shop Historic period. 2016-03-x. Retrieved 2018-01-19 .
  24. ^ "Welcome ad".
  25. ^ "Bob's Disbelieve Furniture Kicks Off "Celebrate the Arts Competition"". Furniture World Mag . Retrieved 2020-04-30 .
  26. ^ Aucoin, Don. Bigmouth Strikes Again. The Boston Globe. Living, p. C3. July eight, 2006.
  27. ^ "Bob's Discount Piece of furniture arrives at Broadcasting Foursquare | Reading Hawkeye - MONEY". Reading Eagle . Retrieved 2018-01-19 .
  28. ^ Fillo, Maryellen. Is Bob'due south Sidekick Gone? I Doubt It! (commodity preview). The Hartford Courant. Life section. September 23, 2006. Last accessed September 14, 2007.
  29. ^ Gomez, Michael. Information technology's Bob's World, We Just Sit in It. Business New Haven. March 20, 2000. Terminal accessed September 14, 2007.
  30. ^ a b "Bob's Discount Article of furniture invades Chicago market with multiple stores and goofy ads". www.bizjournals.com . Retrieved 2018-01-19 .
  31. ^ "A 'No Phony Gimmicks' Guy". 75th Anniversary . Retrieved 2018-01-19 .
  32. ^ "Patriots and Bob's donate 200 beds to kids in need". www.patriots.com . Retrieved 2019-05-16 .
  33. ^ "Bringing back up - and furniture - to those who need information technology". www.steelers.com . Retrieved 2019-05-sixteen .
  34. ^ "Meet Giants alumni at Bob'due south Disbelieve Furniture". www.giants.com . Retrieved 2019-05-16 .
  35. ^ "Bob's Discount Furniture enters Los Angeles marketplace with 6 stores in 2018". Furniture Today. 2017-ten-18. Retrieved 2019-05-16 .
  36. ^ a b "Bob'south Discount Piece of furniture | LA Galaxy". Retrieved 2019-05-16 .
  37. ^ "Store Locations | Bob's Discount Furniture". www.mybobs.com . Retrieved 2018-01-xix .
  38. ^ Ford-Stewart, Jane (7 Feb 2017). "Big discount furniture chain opening soon in Greenfield". Milwaukee Periodical Watch . Retrieved 27 March 2019.
  39. ^ "Bob's Furniture Coming on Downwards to the West Declension". Manchester, CT Patch. 2018-02-09. Retrieved 2018-04-18 .
  40. ^ https://www.bizjournals.com/phoenix/news/2020/07/30/bob-s-discount-furniture-open-first-phoenix-stores.html[ bare URL ]
  41. ^ "Bob's Discount Article of furniture Opens in Burbank". Oak Lawn, IL Patch. 2016-02-10. Retrieved 2018-01-19 .
  42. ^ Shush, Michael. "Bob's Discount Furniture opens at Regency Mall". Journal Times . Retrieved 2018-01-19 .
  43. ^ "Bob's Discount Furniture arrives at Broadcasting Square | Reading Hawkeye - Coin". Reading Eagle . Retrieved 2018-01-19 .
  44. ^ "Virtually Us | Bob'southward Cares". www.bobscares.org. Archived from the original on 2018-01-20. Retrieved 2019-05-16 .
  45. ^ "Ready. Set. March for Babies! | March of Dimes". www.marchofdimes.org . Retrieved 2019-05-sixteen .
  46. ^ "Bob's Discount Furniture". Autism Speaks . Retrieved 2019-05-16 .
  47. ^ "Bob's Discount Furniture presents $75k Check to Special Olympics | Article of furniture Today". www.furnituretoday.com. 26 June 2017. Retrieved 2018-01-19 .
  48. ^ "Bob'due south Discount Furniture gives $45,000 to Save the Children | Furniture Today". www.furnituretoday.com. 27 January 2015. Retrieved 2018-01-19 .
  49. ^ "Near Us | Bob's Cares". www.bobscares.org. Archived from the original on 2018-01-xx. Retrieved 2018-01-19 .
  50. ^ "Charitable Giving Serial: Bob's Artistic Giving | Furniture World Magazine". Furniture World Magazine . Retrieved 2018-01-19 .
  51. ^ "KIDS: Resource for Parents". world wide web.ct.gov . Retrieved 2019-05-16 .
  52. ^ Scarlet Cross salutes Bob'southward Disbelieve Archived June 10, 2008, at the Wayback Machine. Furniture Today. June 29, 2005. Terminal accessed September 14, 2007.
  53. ^ Mybobssquad.com Archived September 11, 2007, at the Wayback Machine
  54. ^ "Bob'southward Discount, Red Cross, New England Patriots Team Upwards for Claret Drive". Home Effects News. 2013-12-04. Retrieved 2020-04-30 .
  55. ^ "Giants hosting annual claret bulldoze Saturday". Archived from the original on 2018-01-04. Retrieved 3 January 2018.
  56. ^ Bell, Bob. "Bob's Disbelieve Furniture prepare to open up v stores". Daily Southtown . Retrieved 2019-05-16 .
  57. ^ Asaba, Jeni. "Bob'southward Article of furniture donates laptops to M.S. 206". Bronx Times . Retrieved 2019-05-16 .
  58. ^ "Charitable Giving Series: Bob'south Creative Giving". Furniture World Magazine . Retrieved 2019-05-16 .
  59. ^ "Bob's Disbelieve Piece of furniture announces 30th Annual Golf Outing | Piece of furniture Today". www.furnituretoday.com. 5 June 2017. Retrieved 2018-01-19 .
  60. ^ Hall, Claire (2016-08-03). "A 'No Phony Gimmicks' Guy". 75th Anniversary . Retrieved 2019-05-xvi .
  61. ^ "Bob'due south Discount Furniture donates $100,000 to Autism Speaks". Hartford Business concern Journal. 2015-07-10. Retrieved 2019-05-16 .
  62. ^ "Bob's Article of furniture/Alex's Lemonade Stand Campaign Nets $85,000". Manchester, CT Patch. 2018-11-30. Retrieved 2019-05-xvi .
  63. ^ Walker, Quoron. "Alex'south Lemonade Stand Debuts At Bob's Discount Furniture". courant.com . Retrieved 2019-05-sixteen .
  64. ^ Ameden, Danielle. "Special Olympics athletes compete in MetroWest Schools Games". Natick Bulletin and Tab . Retrieved 2016-04-28 .
  65. ^ Quango, Young Entrepreneur. "Why Your Brand Promise Is Cipher Without Delivery". Forbes . Retrieved 2019-05-xvi .

External links [edit]

  • Bob's Discount Furniture website

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

Bobã¢â‚¬â„¢s Discount Furniture and Mattress Store

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