| Type | Private |
|---|---|
| Industry | Furnishings |
| Founded | 1946 |
| Headquarters | Liverpool, New York, U.S. |
| Key people | Neil Goldberg, President and CEO |
| Products | Home Furniture |
| Employees | 4,000 |
| Website | www.RaymourFlanigan.com |
Raymour & Flanigan is an American furniture retail chain, based in the Northeastern United States.
Contents |
Raymour’s Furniture Company, the predecessor of Raymour & Flanigan Furniture, was established by brothers, Bernard Goldberg and Arnold Goldberg in 1946.[1] Raymour & Flanigan Furniture is one of the largest furniture retailers in the United States, as of 2010.[1] The company currently has 95 stores and showrooms in New York, New Jersey, Pennsylvania, Delaware, Connecticut, Massachusetts and Rhode Island as of August 2010.[1]
Bernard Goldberg and his younger brother, Arnold Goldberg, co-founded the first Raymour Furniture store, the predecessor of Raymour & Flanigan, in late 1946 in downtown Syracuse, New York.[1] The Goldberg brothers did not name their new store "Goldberg" because another store in the city owned by their relatives already used their given name.[1] Instead, the brothers named their furniture store after an antiques shop on Long Island which was owned by another brother.[1]
Decades later, Bernard and Arnold Goldberg opened a second Raymour Furniture store in Clay, New York, in 1972.[1] The same year, Bernard Goldberg's son, Neil, joined the family-owned company.
By 1990, the Raymour Furniture store had expanded to seven locations.[1] The Raymour company acquired its competitor, Flanigan's Furniture, which operated fourteen stores in the Buffalo and Rochester areas, in 1990.[1] The acquisition gave Raymour & Flanigan its present name and expanded its presence in western New York.
Raymour & Flanigan expanded rapidly in the 1990s and 2000s, becoming one of the largest furniture retailers in the United States.[1] The company reported sales of $942.6 million in 2007 from 92 stores.[1] By 2010, Raymour & Flanigan had 95 locations throughout the Northeast United States, including locations in Pennsylvania, New Jersey, Connecticut, Rhode Island, Delaware, New York and Massachusetts.[1]
Raymour & Flanigan Furniture purchased Alpert’s Furniture in 2007, thus expanding its market to Rhode Island. In December 2007, Raymour & Flanigan Furniture acquired 18 Levitz Furniture store locations in the New York Metro market.
Founder Bernard Goldberg remained the chairman of Raymour & Flanigan until his death in 2010, though deteriorating health caused his withdrawal from the day-to-day business of the company during his later years.[1] Raymour & Flanigan is currently headed by two of Goldberg's sons - President and CEO Neil Goldberg and Executive Vice President Steve Goldberg - as well as his nephew, Executive Vice President Michael Goldberg, as of 2010.[1]
Raymour & Flanigan Furniture sells living room furniture, bedroom furniture, mattresses, kid’s furniture, dining room sets, home entertainment furniture, home office furniture and decorative accent pieces.
The company’s product line includes Berkline, Broyhill, Clayton Marcus, Cindy Crawford Home Collection, H. M. Richards, Kincaid, La-Z-Boy, Legacy, Natuzzi, Sealy, Stanley, Stearns & Foster, Serta, Simmons, Universal and Vaughan-Bassett.
In April 2001, Raymour & Flanigan Furniture was named “Retailer of the Year” by the National Home Furnishings Association. In 2004, Raymour & Flanigan Furniture received the “Retailer of the Year Award” from Furniture Today. In 2007, Raymour & Flanigan Furniture was named "Newsmaker of the Year" by Home Furnishings Business.