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Raymour & Flanigan

From Alfawiki
Raymour & Flanigan
Company typePrivate
IndustryFurniture retail
Founded1947
FounderBernard Goldberg, Arnold Goldberg
Headquarters
Liverpool, New York
,
United States
Area served
Northeastern United States
Key people
Seth Goldberg (President), Neil Goldberg (Chairman and CEO), Steven Goldberg (Vice Chairman), Michael Goldberg (Vice Chairman)
ProductsHome furnishings, mattresses
Number of employees
300+ (added in 2021)

Raymour & Flanigan is a family-operated furniture retail enterprise based in Liverpool, New York, with its primary market located in the Northeastern region of the United States.

Overview

Established in 1947 by siblings Bernard Goldberg and Arnold Goldberg under the name Raymour's Furniture Company, the firm transitioned to Raymour & Flanigan Furniture | Mattresses following the 1990 acquisition of Flanigan's Furniture. Today, it stands as the foremost furniture retailer in the Northeast and ranks seventh across the nation.

History

The inaugural Raymour's Furniture outlet was launched by Bernard and Arnold Goldberg in downtown Syracuse, New York, taking its name from an antiques store owned by their brother on Long Island. Growth continued with a second location opening in Clay, New York, in 1972, coinciding with Neil Goldberg joining the enterprise; later, his brother Steven and cousin Michael became part of the team in 1977.

The 1990 purchase of Flanigan's Furniture added fourteen stores in Buffalo and Rochester, prompting the adoption of the current company title. Additional acquisitions included Furniture Unlimited in 1997, which expanded their footprint into Philadelphia and Southern New Jersey; Futurama in 2005, bolstering presence within the New York metropolitan area; Alpert's Furniture in 2007, covering Rhode Island and Southeastern Massachusetts; and eighteen Levitz Furniture locations in 2008 throughout the New York metro region.

In 2007, the company inaugurated its Leadership Development Institute (LDI) to nurture internal leadership capabilities. By 2011, Raymour & Flanigan operated one hundred stores spanning seven Northeastern states; by 2019, this number had grown to over 140 outlets. The introduction of Raymour & Flanigan Outlet stores in 2016 aimed to diversify pricing options and enhance affordability, now comprising more than thirty regional outlets.

Recent growth efforts include establishing an eighth store within New York City in 2022 and entering central Pennsylvania with three new locations. As of 2021, Seth Goldberg assumed the role of president while Neil Goldberg continued as chairman and CEO, supported by vice chairmen Steven and Michael Goldberg. That year also saw an addition of three hundred employees alongside capital investments exceeding $25 million.

Raymour & Flanigan’s strategic approach centers on targeted acquisitions, geographic expansion, and cultivating leadership talent to preserve market dominance and promote sustained development.

Products

The company offers a comprehensive range of home furnishings encompassing living room, dining room, and bedroom collections, as well as mattresses. Their inventory features Purple brand bedding products—including hybrid mattresses, pillows, and sheets—available at all showroom locations. Additionally, they carry Tempur-Pedic mattresses, with a specialized Tempur-Pedic Mattress Shop located at their Union Square store.

Sustainability

Raymour & Flanigan manages five recycling centers that handle nearly all packaging materials waste—approximately twenty-five million pounds annually. In 2022, they collaborated with Greenskies Clean to install solar power systems at their New Jersey service center, showroom, and clearance facility. These installations are expected to supply over ninety percent of each site's electricity requirements while reducing carbon emissions by close to 656 metric tons each year—equivalent to powering 136 households.

Awards

Raymour & Flanigan has been recognized with numerous prestigious honors that underscore its prominence and leadership within the industry. Notable achievements include receiving the "Retailer of the Year" distinction from the National Home Furnishings Association in 2001 and Furniture Today in 2004, as well as being named "Newsmaker of the Year" by Home Furnishings Business in 2007. The Goldberg family was honored with the Jerry Gans Memorial Award in 2009 and later received the Spirit of Life Award from City of Hope in 2013, acknowledging their contributions to philanthropy and business excellence.

The company earned the title of "Best Furniture Store on Long Island" consecutively in 2016 and 2017, and has maintained Great Place to Work Certification every year since 2018. In 2022, Raymour & Flanigan secured CenterState’s Business of the Year award in the category for organizations with more than 50 employees. Additionally, founder Neil Goldberg was inducted into the American Home Furnishings Hall of Fame Foundation that same year.