Bob Kaufman and The Rise of Bob’s Discount Furniture
Introduction
Bob Kaufman is the founder and CEO of Bob’s Discount Furniture, one of the largest and most successful furniture chains in the United States. The company has over 140 stores in 22 states, and its popularity continues to grow due to its affordable prices and quality furnishings. In this article, we will discuss the history of Bob’s Discount Furniture, its founder, and its impact on the furniture industry.
Who is Bob Kaufman?
Bob Kaufman was born in New York City in 1953. He graduated from the University of Connecticut in 1975 with a degree in English. Interestingly, Kaufman did not have a background in furniture or retail when he started Bob’s Discount Furniture. Before he became a furniture mogul, Kaufman worked in a variety of industries, including insurance and financial planning.
Kaufman’s first foray into the furniture industry began in 1983 when he purchased a waterbed store in Newington, Connecticut. He quickly realized that waterbeds were a passing craze and shifted the focus of the store to traditional furniture. The store’s success led Kaufman to open additional furniture stores, and Bob’s Discount Furniture was officially born in 1991.
The History of Bob’s Discount Furniture
Bob’s Discount Furniture started as a single store in Newington, Connecticut. Kaufman’s approach to business was simple – provide quality furniture at affordable prices. This approach proved successful, and the company grew at a rapid pace. By 1997, Bob’s Discount Furniture had ten stores in Connecticut and Massachusetts.
In 2006, Bain Capital, a private equity firm, acquired a majority stake in the company. This acquisition allowed Bob’s Discount Furniture to expand further and enter new markets. Today, the company has over 140 stores in 22 states and employs over 4,500 people.
The Importance of Bob’s Discount Furniture
The success of Bob’s Discount Furniture can be attributed to several factors. First, the company offers a wide range of furniture options at very competitive prices. The company’s buying power allows it to offer high-quality furniture for less than its competitors. Second, the company has a strong commitment to customer service. Each store has a team of trained employees who are knowledgeable and eager to help customers.
Bob’s Discount Furniture also offers unique features that set it apart from other furniture stores. For example, the company offers a “cafeteria-style” furniture layout, where customers can easily navigate through the store and examine different pieces of furniture. Additionally, the company offers a “Bob’s Value Express” option that allows customers to receive their furniture purchases quickly and affordably.
Frequently Asked Questions about Bob’s Discount Furniture
Q: Is Bob’s Discount Furniture a franchise?
A: No, Bob’s Discount Furniture is not a franchise. The company is privately owned by CEO Bob Kaufman and a group of investors.
Q: Where are Bob’s Discount Furniture stores located?
A: Bob’s Discount Furniture has over 140 stores in 22 states. You can find a list of all store locations on the company’s website.
Q: Does Bob’s Discount Furniture offer financing?
A: Yes, Bob’s Discount Furniture offers a variety of financing options. You can apply for financing in-store or online.
Q: Does Bob’s Discount Furniture offer delivery?
A: Yes, Bob’s Discount Furniture offers delivery. The company also offers a “Bob’s Value Express” option that allows customers to receive their furniture purchases quickly and affordably.
Q: What types of furniture does Bob’s Discount Furniture offer?
A: Bob’s Discount Furniture offers a wide range of furniture options, including living room furniture, bedroom furniture, dining room furniture, and outdoor furniture.
Conclusion
Bob Kaufman and Bob’s Discount Furniture have had a significant impact on the furniture industry. The company’s commitment to affordable prices and quality furniture has made it a top choice for consumers across the country. Kaufman’s entrepreneurial spirit and dedication to customer service have been essential to the company’s success. With over 140 stores, Bob’s Discount Furniture is poised for continued growth and success in the years to come.
