Raymours Furniture is heating up the oft-chilly Northeast, doing business as Raymour & Flanigan. The company operates more than 100 retail stores, including about 10 clearance centers, in half a dozen states. It sells furniture for just about every room in the house (bedroom, dining room, home office, living room), offering such pieces as bookcases, entertainment centers, headboards, mattresses, nightstands, recliners, sofas, and tables. Brands such as Broyhill, La-Z-Boy, Natuzzi, Sealy, and Tempur-Pedic are represented. Founded in 1947 by brothers Arnold and Bernard Goldberg, Raymour & Flanigan is run by next-generation Goldbergs, president and CEO Neil Goldberg and EVPs Michael and Steven.
The company's more than 110 retail and clearance stores are located in Connecticut, Delaware, New York, Pennsylvania, Massachusetts, New Jersey, and Rhode Island. The company also has retail properties, which are primarily located in Connecticut, Massachusetts, New Jersey, New York, and Pennsylvania. Its one warehouse property is located in Quakertown, Pennsylvania.
To continue sending revenues upward, Raymour & Flanigan expanded its existing partnership with Kathy Ireland Worldwide (led by its namesake model-actress), adding 10 upholstered pieces to its Kathy Ireland Home furniture collection. The new Kathy Ireland pieces became available at the start of 2011, and they are sold exclusively through Raymour & Flanigan stores. In 2012 the company announced that it would expand its New York distribution center in Rockland County. The company plans to spend some $46 million to purchase and renovate the 839,000-sq.-ft. facility, which will be its primary regional warehouse and distribution hub for the New York, New Jersey, and Connecticut areas.
While privately-owned Raymour Furniture doesn't report financial results, the company rang up an estimated $1.0 billion in sales in fiscal 2011(ends December). – less
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