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Bob’s Discount Furniture Chicago

About Bobs Discount Furniture:

Bob’s Discount Furniture & Chicago Bears refurnish Lawrence Hall

Visit Bobs Discount Furniture store in Chicago South Loop, IL to shop worthy furniture at untouchable values. Excellent service is what they do. From the first search to the final delivery, they are there every step of the way. Their work is to make you happy. He may only be two feet tall but he knows that sometimes, putting in just a little bit of effort can have a HUGE impact. Trust him, this closet full of yellow polo shirts doesnt mean anything- green is really the most important color to me. He tries to be green in everything he does. Thats why my Bobs Discount Furniture takes part in several initiatives to not only keep our planet healthy but also to give back. They believe that everything has value and they do their part to recycle as much as they can. He means, you know he is all about untouchable values on furniture. Same thing.

What Are The Closest Stations To Bob’s Discount Furniture And Mattress Store

The closest stations to Bob’s Discount Furniture and Mattress Store are:

  • Roosevelt & Jefferson is 112 yards away, 2 min walk.
  • Halsted & Roosevelt is 329 yards away, 5 min walk.
  • Taylor & Jefferson is 400 yards away, 6 min walk.
  • Halsted Street is 1004 yards away, 13 min walk.
  • Clinton-Blue is 1257 yards away, 16 min walk.
  • Chicago Union Station is 1724 yards away, 21 min walk.
  • Romney Departure And Political Legacy

    Romney took a paid leave of absence from Bain Capital in February 1999 when he became the head of the for the . The decision caused turmoil at Bain Capital, with a power struggle ensuing. Some partners left and founded the Audax Group and . Other partners threatened to leave, and there was a prospect of eight-figure lawsuits being filed. Romney was worried that the firm might be destroyed, but the crisis ebbed.

    Romney was not involved in day-to-day operations of the firm after starting the Olympics position. Those were handled by a management committee, consisting of five of the fourteen remaining active partners with the firm. However, according to some interviews and press releases during 1999, Romney said he was keeping a part-time function at Bain.

    Bain Capital itself, and especially its actions and investments during its first 15 years, came under press scrutiny as the result of Romney’s and . Romney’s leave of absence and the level of activity he had within the firm during the 1999-2002 period also garnered attention.

    In 2000, chairman and CEO partnered with Bain Capital Inc in a management buyout of DIC from Heyward continued as chairman and CEO of the animation studio, which has more than 2,500 half-hours of programming in its library. He purchased Bain Capital’s interest in 2004 and took the company public the following year.

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    Bain Capital Real Estate

    Bain Capital Real Estate was founded in 2018 when Harvard Management Company shifted the management of its real estate investment portfolio to Bain Capital. The Bain Capital Real Estate team is managed by members of Harvard Management Company’s former real estate team. Bain Capital Real Estate closed an initial fund of $1.5 billion in July 2019.

    Bob Kaufman Jumped On The 1970s Waterbed Craze

    Bob

    Like a phonebook or Blockbuster Video, a waterbed is one of those concepts that’s completely foreign to people of a certain age. Back in the dark ages of the 1970s and ’80s, though, waterbeds were all the rage.

    Bob Kaufman was advised to buy a waterbed to help with his physical recovery and couldn’t help but feel he wasn’t getting the best deal while shopping for one. “I kept thinking these stores were trying to pull a fast one on me,” Kaufman said. “Why all the sales? Why all the shady pricing?”

    Frustrated by his waterbed shopping experience, Kaufman entered into a partnership to sell the beds with his distant cousin, Gene Rosenberg, an experienced businessman. The plan was to lease a space in larger stores on the agreement that the lease would only be paid upon making a sale. This allowed Kaufman and Rosenberg to sell the waterbeds at lower rates than the competition. The business strategy proved to be incredibly successful, and the pair eventually leased 24 retail spaces in four different states. “I became the waterbed king,” Kaufman told The New York Times in 1997.

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    Each Store Has A Complimentary Customer Cafe

    From its aversion to sales to its goofy commercials, Bob’s Discount Furniture has made an effort to differentiate itself from competitors. Another way the chain has been successful in doing so is by appealing not just to the customer’s wallet but to their sweet tooth as well.

    Walk into any Bob’s location in the country with hunger pangs, and they’ll make sure you have something to snack on while shopping for a recliner. Each store has a cafe stocked with candy, cookies, coffee, and ice cream. The whole idea behind the cafe, according to Bob Kaufman, is that shoppers can grab a snack while discussing any prospective purchases they may be scoping out.

    “The decision to put a cafĂ© in the store was easy,” he explained. “I read that buying furniture is the third most stressful experience in life, only surpassed by buying a house and a car. I wondered how we could make people more comfortable.” Plus, it doesn’t hurt that ice cream is always a welcome distraction for kids during the boredom of furniture shopping.

    Bain Capital Private Equity

    Bain Capital Private Equity has invested across several industries, geographies, and business life cycles. Bain Capital Private Equity also operates in Europe, Australia, and Asia. Historically, Bain Capital has primarily relied on , pools of committed capital from , , , , , , and other . Bain Capital’s own investment professionals are the largest single investor in each of its funds.

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    The Corny Commercials Have Always Been A Trademark

    If you have a Bob’s Discount Furniture in your area, then you’ve almost certainly seen their commercials. Those ads, which can be pretty cheesy at times, have been the store’s advertising bread and butter since the beginning.

    The commercials almost always feature Bob Kaufman or they used to, but more on that in a minute often uttering “Forget about it” or “Come on down” to TV viewers. In the early days of Bob’s, all production work on the commercials was done in-house, with Kaufman and two writers developing each concept. It’s not complicated, Kaufman told The New York Times in 1997. The furniture-salesman-turned-pitchman would simply pick out some furniture to highlight and turn on the camera.

    As for the reception of those commercials … well, when they run up to 500 times a week in a region, it’s understandable that some people would grow tired of them. Some people love them, and some people hate them,” Kaufman confessed. “One time, a guy came up to me, and I thought he was going to beat me up. ‘I hate those ads,’ he said, ‘but I like you.'”

    The Untold Truth Of Bob’s Discount Furniture

    Refresh Bob’s Discount Furniture

    If you’re in the market for some new furniture and want a shopping experience where you won’t have a salesperson hovering over your every move, you may want to consider a trip to Bob’s. Since 1991, Bob’s Discount Furniture has positioned itself as the furniture retailer that skips sales pressure in favor of offering the lowest prices on a daily basis. They’ll even throw in some ice cream and cookies no purchase necessary.

    The chain, which boasts over 130 stores, has become one of the most popular furniture stores in the United States, with annual revenue of over half a billion dollars. The success of Bob’s Discount Furniture is due in large part to its namesake, Bob Kaufman, who, in some form or another, has appeared in all of the company’s commercials. Love them or hate them, these commercials along with a creative business plan that allows the company to sell sofas and mattresses cheaper than their competitors have helped the chain expand from the Atlantic to the Pacific.

    Whether you’ve got a house full of their furniture or you’ve never heard of the place, this is the history behind one of America’s most popular furniture retailers: Bob’s Discount Furniture.

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    Kaufman’s Father Advised Him Not To Appear In The Tv Ads

    If Bob Kaufman had listened to his father, then he wouldn’t be the recognizable furniture king he is today. When Bob’s Discount Furniture was toying with the idea of launching some TV commercials, Kaufman’s dad, an advertising executive, advised his son not to appear in the ads. Besides telling his son that he had a voice “that sounds like chalk on chalk,” the senior Kaufman said, “You look like crap.” In customary child versus parent fashion, Kaufman said that he ignored his father’s advice and “did anyway.”

    Passing on his father’s advice and taking on the role as the official face of the furniture business proved to be a smart move. At one point, the business was shooting up to five TV spots a day, and Kaufman believes that, since that very first advert, they’ve produced somewhere between 5,000 and 6,000 commercials.

    Bain Capital Double Impact

    Bain Capital Double Impact focuses on with companies that provide financial returns as well as social and environmental impact. In 2015, Bain Capital hired , former Massachusetts Governor, to lead the new business division. Bain Capital Double Impact closed its initial fund of $390 million in July 2017. In March 2019, it was reported that Bain Capital Double Impact had acquired a majority stake in IT outsourcing firm Rural Sourcing. In June 2019, the company sold Impact Fitness to Morgan Stanley Capital Partners.

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    The Founders No Longer Own Bob’s Discount Furniture

    Bob’s Discount Furniture may want to think about adjusting the name to read “Formerly Bob’s Discount Furniture” because Bob Kaufman is no longer a majority owner of the company. Kaufman, of course, still has a major stake in the company he’s a board member and president emeritus but, like many successful chains, Bob’s was bought out by a larger entity.

    According to Furniture Today, Bob’s had 19 stores in 2005 when 70% of the company was sold to a private equity firm. How much the firm paid for the discount furniture empire wasn’t made public, but, considering that Bob’s Discount Furniture did $250 million in sales the year before, it’s safe to assume they paid a pretty penny.

    Since then, Bob’s Discount Furniture has changed hands again and is now owned by an investment firm, Bain Capital. Kaufman told Connecticut Magazine in 2021 that, while he’s no longer doing any “day-to-day decision making” with the company, he’s still “very much involved” with keeping Bob’s name and image out there.

    Bain And The 2000s Buy

    Bob

    In 2004 a comprising KKR, Bain Capital, and real estate development company announced the $6.6 billion acquisition of , the toy retailer. A month earlier, , made a $5.5 billion offer for both the toy and baby supplies businesses. The Toys ‘R’ Us buyout was one of the largest in several years. Following this transaction, by the end of 2004 and in 2005, major buyouts were once again becoming common and market observers were stunned by the leverage levels and financing terms obtained by financial sponsors in their buyouts.

    The following year, in 2005, Bain was one of seven private equity firms involved in the buyout of in a transaction valued at $11.3 billion. Bain’s partners in the acquisition were , , , , , and . This represented the largest leveraged buyout completed since the takeover of at the end of the 1980s leveraged buyout boom. Also, at the time of its announcement, SunGard would be the largest buyout of a technology company in history, a distinction it would cede to the buyout of . The SunGard transaction is also notable in the number of firms involved in the transaction, the largest completed to that point. The involvement of seven firms in the consortium was criticized by investors in private equity who considered cross-holdings among firms to be generally unattractive.

    Bain led a consortium, together with and to acquire . The private equity firms paid $2.425 billion in cash for the parent company of and in December 2005.

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    The Founders Developed A Strategy To Keep Prices Low

    By the late ’80s and early ’90s, the waterbed business had all but dried up. Bob Kaufman and Gene Rosenberg had to pivot, and the two men worked out a deal with one of the building owners where they had been leasing a space in Newington, Connecticut. The owner would cover utilities and taxes while Kaufman and Rosenberg would provide him with a percentage of sales. Just like with the waterbed lease agreement before, this new agreement helped give their business model a leg up. Kaufman said that this first Bob’s Discount Furniture store filled a void in the industry where people could buy low-cost furniture without having to haggle. “We were the only low-cost furniture company,” he explained in 2016.

    Sales clerks avoided pestering potential customers, and, unlike most furniture stores at the time, there were no big markdown sales. “If you buy something today, it’s the same price tomorrow,” Kaufman told The New York Times. The company’s website also says that they’re able to offer such low prices by not offering brand-name labels and buying “more from the manufacturers than anyone else.”

    Yes, some of that furniture may be priced so low because it’s been returned or has minor imperfections, but Kaufman is confident that they “have something for everyone,” he told ReadingEagle.com.

    Bain Capital Life Sciences

    Bain Capital Life Sciences invests in companies that focus on medical innovation and serve patients with unmet medical needs. It raised its first fund of $720 million in May 2017. In September 2019, SpringWorks, a biopharmaceutical company Bain Capital Life Sciences owns a 17% stake in, launched an IPO. Also in 2019, the company closed two life sciences portfolios, in , and in the in North Carolina.

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    Bain Capital Public Equity

    Originally founded as Brookside Capital, Bain Capital Public Equity is the of Bain Capital. Established in October 1996, Bain Capital Public Equity’s primary objective is to invest in securities of publicly traded companies that offer opportunities to realize substantial long-term . Bain Capital Public Equity employs a strategy to reduce market risk in the portfolio.

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