Bob's Discount Furniture

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Bob's Discount Furniture
Industry Furniture retail
Founded 1991
Founder Bob Kaufman and Gene Rosenberg[1]
Headquarters Manchester, Connecticut, U.S.
Number of locations
84 stores (March, 2017)[2]
Area served
[3]
Key people
Edmond (Ted) J. English (Executive Chairman)
Michael Skirvin (President & COO)
[3][4]
Jeremy Aguilar, CFO
Products Furniture, Bedding, Mattresses
Revenue Increase US$ 1.1 billion (2016)[5]
Owner Bain Capital[6][7][8][9]
Number of employees
2,500 (2011)[10]
Website www.mybobs.com

Bob's Discount Furniture is an American furniture store located in the northeast United States Bob's Discount Furniture started in Connecticut and its corporate headquarters are in Manchester, CT. The company has stores located in Maine, New Hampshire, Massachusetts, Connecticut, Rhode Island, New York, New Jersey, Maryland, Virginia, Pennsylvania, Delaware, Illinois, Indiana, and Wisconsin. In fall 2016, three new stores opened—Wharton, NJ, Hagerstown, MD, and Riverdale, NY—bringing the total number of stores to 76.[11] Bob's Discount Furniture continued to expand in 2017, with new stores coming to the Chicago & St. Louis markets.[11] Also in 2017, Bob's opened a store in the Fox River Mall in Grand Chute, Wisconsin to serve the Appleton and Green Bay markets.[12] In February 2018, Bob's will expand into the southern California market - initially opening 6 new stores on Thursday, February 15, 2018 in the cities of Baldwin Park, Huntington Beach, Long Beach, Los Angeles (2) and Stevenson Ranch. The new southern California stores will be serviced by the San Bernardino, California distribution center.

The company was founded in 1991 with its first store in Newington, Connecticut.[1] Bob's Discount Furniture is based in Manchester, Connecticut and is ranked 14th among U.S. furniture stores.[13] In addition to being known for its distinctive advertisements, the company is also known for offering amenities at many of its stores, which may include an in-store cafe with complimentary refreshments. Many of the stores have a back room where people can get items that are considered imperfect; this area is called The "Outlet". Bob's is also an official sponsor for several professional sports teams, including the Washington Redskins, New England Patriots, Pittsburgh Steelers, and New York Giants.[3][14][15][16]

History[edit]

In 1976, future company co-founder Bob Kaufman was injured in a motorcycle accident. He discovered the benefits of a waterbed for recuperation.[1][17] The experience inspired Kaufman to become involved with waterbed sales, and during the 1980s, he rented space in 24 New England stores for selling waterbeds.[1][17] By 1990, waterbed sales had dwindled, and Kaufman partnered with Gene Rosenberg (owner of Wholesale Furniture, where Kaufman had rented space for waterbed sales). At this point, Rosenberg acquired a building in Newington, Connecticut previously owned by a furniture company that had become bankrupt.[1][17] In 1991, the Newington, Connecticut location became the first Bob's Discount Furniture store.[1][10] The company was initially co-owned by Rosenberg (two-thirds) and Kaufman (one-third).[1] As time progressed, the company expanded to additional locations, often acquiring buildings that had been vacated by tenants bankrupted during the recession.[1] By 1997, the company operated a dozen stores in Connecticut and two in western Massachusetts.[1] The company's ability to grow during its early years in spite of unfavorable economic conditions has been partially attributed to the extensive use of commercials.[1][10] In early 2005, the investment firm Saunders Karp & Megrue acquired 70 percent ownership of Bob's Discount Furniture; subsequently, Saunders Karp & Megrue was acquired by Apax Partners Worldwide in March 2005.[7][8][9][10] In November 2006, Ted English, former president and CEO of TJX Companies, became the CEO of Bob's Discount Furniture, replacing Stan Adelstein, who became chairman.[4][16][18] Adelstein retired in April 2013, with English taking over as chairman.[19] By this point, Bob's Discount Furniture had recently expanded into Rhode Island, New Jersey, and New York. Ted has led Bob's into its expansion further south into Maryland and Virginia.[16] In Q1 of 2014, Bob's Discount Furniture was acquired by Bain Capital, with the current management team continuing to own a significant stake in the company.[20]

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

Advertising[edit]

Bob's Discount Furniture is widely recognized for its idiosyncratic advertising. Bob Kaufman has been characterized as "something of a celebrity in the Northeast, thanks to his quirky television commercials".[4] As of 1997, the company broadcast roughly 500 commercials a week in Connecticut on network and cable television stations.[1] More recently, the commercials have become common during broadcasts of Boston Red Sox and New York Mets games.[21] The commercials usually feature company president Bob Kaufman, typically wearing jeans and a golf shirt or turtleneck, and have also included Bob's Discount Furniture employees. Cathy Poulin, the company's Director of Public Relations, is the female face of the company. Cathy has been publicly criticized, however, for her contrasting style of dress. Cathy appears in commercials and at events both with and without Bob.[4][10][22][23] "Spanish Bob" William Newton appears in Bob's Discount Furniture commercials for Spanish language stations associated with Univision, Telemundo or other networks.[24] "Clay Bob" has frequent appearances in the company's commercials, often providing seasonal advertisements. The commercials have been characterized as "amateurish",[23] "unconventional",[15] and "wacky",[15] and viewer reaction to the commercials is mixed, with some disliking the advertisements.[1] The advertisements often feature catchphrases, including "Gotcha!", "Untouchable!", "Lickety-split delivery!", "It's a no-brainer!", and most famous (in Bob's early years), "Come on down!".[1][23]

Customer complaints[edit]

Bob's Discount Furniture has received negative feedback[25][26][27][28][29] over the durability of their products and their warranty plan. Bob's Discount Furniture offers a warranty plan for all furniture products, marketed as Goof Proof Protection. This warranty is fulfilled by a third-party, Guardian Protection Products.

Community involvement[edit]

Bob's Discount Furniture has received attention for its community involvement. The company has been recognized by the American Red Cross for its blood drives and financial contributions to the organization.[30][31] It has also been involved in food drives and charity walks, and conducts a "Celebrate the Arts Contest" to provide grants to regional schools.[32][33][34] Bob's commercial sidekick, Cathy Poulin, Director of Outreach and Public Relations, drives a "Random Acts of Kindness" van to places in need in the communities served by the stores.[8]

In December 2008, Bob's Discount Furniture donated a household full of furniture to the family in Voluntown, Connecticut receiving an ABC Extreme Home Makeover. In March 2011, the intensive care unit waiting rooms at the Rhode Island Hospital received $25,000 worth of furniture donated by the company. In April 2012, it donated $45,000 in gift cards to the Make-A-Wish Foundation to aid in fundraising efforts.

In response to the devastation to New York and New Jersey caused by Hurricane Sandy in October 2012, Bob's Discount Furniture and its employees have provided relief assistance in the following ways:

  • provided trucks to transport food, clothing and other relief supplies collected in New Milford, CT by employee Peter Sorrentino’s sister Tracey. Mr. Sorrentino, Bob’s Director of Delivery Operations, coordinated volunteer drivers and Bob’s 26-foot box trucks to bring the donations to New York City
  • donated 464 pillows to the evacuated nursing home patients who were temporarily sheltered at New York City’s Brooklyn Technical High School
  • donated 1400 turkeys for Thanksgiving, with employees from all 43 stores donating an additional 1,200 turkeys or more. The turkey donations were split between Island Harvest (Long Island’s largest hunger-relief organization), and the Community Food Bank of New Jersey (serves 20 of NJ’s 21 counties)

Café Collections for a Cause[edit]

At each Bob’s Discount Furniture Café, a statue of Bob collects thousands of dollars from its customers for a different non-profit charity each quarter. Each year, Bob’s collects, matches and presents 100% of these donations to four charities:

  • Autism Speaks – April 2015 to June 2015 – $100,000 [35]
  • Save the Children – July 2015 to September 2015 – $60,000 [36]
  • Pajama Program – October 2015 to December 2015 - $60,000 [37]
  • Special Olympics – January 2016 to March 2016 – $60,000 [38]
  • Autism Speaks – April 2016 to June 2016 – $125,000[39]

Starting with the 2014 Café Collections for Autism Speaks, Bob’s began matching all customer donations dollar-for-dollar,[40] presenting all of these proceeds to the respective charities along with customer donations. All fourth quarter donations in 2016 will be given to Pajama Program.[41]

High School Heroes & Blood Drives[edit]

Since 1996, Bob Kaufman has been supporting the American Red Cross in New England by hosting blood drives in store locations.[42] Over the years, Bob’s has also sponsored blood drives in partnership with sports teams like the New England Patriots [43] and the New York Giants.[44] This commitment has led to the creation of the Bob’s Discount Furniture High School Heroes program, which awards a total of $250,000 in college scholarships to students who organize, promote, and host at least two high school blood drives in a year. The program, which gives high schools in Connecticut, Massachusetts, New York, and New Jersey the ability to compete with other schools, awards scholarships from $250 up to $1,000 to individual students, based on a school’s participation rate and total units of blood collected.[45] In total, Bob’s Discount Furniture’s support of New England blood drives has resulted in almost 40,000 units of blood.[42]

Bob’s Golf Outing[edit]

In 1991, Bob’s Discount Furniture became an event partner of an annual charity Golf Outing with Planned Furniture Promotions. Money raised from event goes directly to a number of non-profit charities, including Nutmeg Big Brothers Big Sisters, Family & Children’s Aid, Connecticut Children’s Medical Center, and Camp Rising Sun, a camp for over 120 children battling cancer.[citation needed] The 28th annual outing raised $600,000 in July 2016.[46] Bob’s Discount Furniture gives $2 million a year to various charitable causes.

Celebrate the Arts[edit]

Bob’s Discount Furniture launched its Celebrate the Arts contest in 2006 after seeing numerous school districts deal with budget cuts that affected cultural arts programs. Bob’s Outreach program created the annual contest to help schools deal with these issues, awarding more than $300,000 since the inception of the contest. In 2014, Bob’s Discount Furniture awarded a $25,000 check to Gov. John Fairfield School of Saco, Maine.[47] In 2015, Bob’s Discount Furniture awarded a $25,000 check to Holy Trinity Diocesan High School in Hicksville, New York.[48]

References[edit]

  1. ^ a b c d e f g h i j k l m Ryan, Bill. Now About Bob and Those TV Spots... The New York Times. Section 14CN, Page 1. November 30, 1997.
  2. ^ "Furniture Chain to Open 84th Store". Retrieved 31 March 2017. 
  3. ^ a b c Bob’s Discount Furniture Promotes Michael Skirvin to President & CEO. March 10, 2016. Last accessed April 28,2016.
  4. ^ a b c d Company profile[permanent dead link] from Hoover's, Inc.. Last accessed September 15, 2007.
  5. ^ Top 100 U.S. Furniture Stores. Furniture Today. May 28, 2007. Volume 31, Issue 37, p. 26.
  6. ^ New Investors Have 'Come on Down' To Bob's Discount Furniture (article preview). The Hartford Courant. February 1, 2005. E1. Last accessed September 15, 2007.
  7. ^ a b Saunders Karp & Megrue Completes Recapitalization of Bob's Discount Furniture (press release). January 31, 2005. Last accessed September 14, 2007.
  8. ^ a b c Engel, Cliff. Firm buys 70% stake in Bob's. Furniture Today. February 7, 2005. Last accessed September 14, 2007.
  9. ^ a b French, Howard. Bob's moving into Rhode Island Archived September 25, 2006, at the Wayback Machine.. Journal Inquirer. July 19, 2006. Last accessed September 14, 2007.
  10. ^ a b c d e Marks, Paul. New Investors Have 'Come on Down' To Bob's Discount Furniture (article preview). The Hartford Courant. February 1, 2005. E1. Last accessed September 15, 2007.
  11. ^ a b "Bob's heading to St. Louis next year". furnituretoday.com. Retrieved 2 December 2016. 
  12. ^ "The Buzz: Mall gets big tenant". Post-Crescent Media. Retrieved 3 January 2018. 
  13. ^ "Top 100 US Furniture Stores by Sales". Retrieved 3 January 2018. 
  14. ^ "Everyday Values in the Outlet | Bob's Discount Furniture". Bob's Discount Furniture. Retrieved 2016-04-28. 
  15. ^ a b c Netter, Sarah. More than prices are down-to-earth at Bob's. Journal Inquirer. May 30, 2002.
  16. ^ a b c Cronin, Anthony. Former TJX CEO joining Bob's Discount Furniture. The Day (New London, CT). Business and Financial News. November 8, 2006.
  17. ^ a b c http://www.mybobs.com/about/default.asp Last accessed September 14, 2007.
  18. ^ Engel, Clint. Bob's Discount names TJX veteran English to CEO post Archived June 10, 2008, at the Wayback Machine.. Furniture Today. November 13, 2006. Last accessed September 14, 2007.
  19. ^ "Stan Adelstein retires as Bob's Discount Furniture chairman - Furniture Today". www.furnituretoday.com. Retrieved 3 January 2018. 
  20. ^ "Bob's Discount Furniture to Be Acquired by Bain Capital". Retrieved 3 January 2018. 
  21. ^ Aucoin, Don. Bigmouth Strikes Again. The Boston Globe. Living, p. C3. July 8, 2006.
  22. ^ Fillo, Maryellen. Is Bob's Sidekick Gone? I Doubt It! (article preview). The Hartford Courant. Life section. September 23, 2006. Last accessed September 14, 2007.
  23. ^ a b c Gomez, Michael. It's Bob's World, We Just Sit in It. Business New Haven. March 20, 2000. Last accessed September 14, 2007.
  24. ^ Fillo, Maryellen. Java. The Hartford Courant. Life section, p. D2. August 9, 2007.
  25. ^ "Consumer Affairs". 
  26. ^ "BBB Reviews". 
  27. ^ "Yelp". 
  28. ^ "My3cents Reviews". 
  29. ^ "Site Jabber". 
  30. ^ Red Cross salutes Bob's Discount Archived June 10, 2008, at the Wayback Machine.. Furniture Today. June 29, 2005. Last accessed September 14, 2007.
  31. ^ Mybobssquad.com Archived September 11, 2007, at the Wayback Machine.
  32. ^ Bob's Furniture to collect food for local food banks (article preview). Nashua Telegraph. August 30, 2004. Last accessed September 14, 2007.
  33. ^ Collins, Megan. Furniture store's grant will help Pleasant Valley Elementary's arts program. Journal Inquirer. September 9, 2006. Last accessed September 15, 2007.
  34. ^ Bob's Discount Furniture Archived August 21, 2007, at the Wayback Machine.
  35. ^ "Bob's Discount Furniture Donates $100,000 to Autism Speaks". Autism Speaks. 2012-07-25. Retrieved 2016-04-28. 
  36. ^ "Bob's gives $60,000 to Save the Children". Hartford Business Journal. Retrieved 2016-04-28. 
  37. ^ Courant, Hartford. "Community News For The Manchester Edition". Courant Community. Retrieved 2016-04-28. 
  38. ^ Ameden, Danielle. "Special Olympics athletes compete in MetroWest Schools Games". Natick Bulletin and Tab. Retrieved 2016-04-28. 
  39. ^ "Bob's Discount Furniture Expands Partnership Autism Speaks". autismspeaks.com. Retrieved 2 December 2016. 
  40. ^ "Bob's Discount Furniture Raises $50,000 for Autism Speaks". Autism Speaks. 14 July 2014. Retrieved 3 January 2018. 
  41. ^ "Bob's Discount Furniture Charitable Outreach". mybobs.com. Retrieved 2 December 2016. 
  42. ^ a b "Archived copy". Archived from the original on 2014-08-26. Retrieved 2014-08-22. 
  43. ^ http://www.hfnmag.com/furniture/bobs-discount-red-cross-new-england-patriots-team-up-for-blood-drive/
  44. ^ "Giants hosting annual blood drive Saturday". Retrieved 3 January 2018. 
  45. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2014-08-26. Retrieved 2014-08-22. 
  46. ^ "29TH ANNUAL BOB'S DISCOUNT FURNITURE GOLF OUTING RAISES OVER $600,000 FOR LOCAL CHILDREN'S CHARITIES". mybobs.com. Retrieved 2 December 2016. 
  47. ^ "Bob's Discount Furniture Awards $25,000 to Gov. John Fairfield Elementary School of Saco, Maine in Ninth Annual 'Celebrate the Arts' Contest". November 19, 2014. 
  48. ^ "Holy Trinity wins Bob's Stores $25K "Celebrate the Arts" Contest". 

External links[edit]

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