Have you ever been to a giant department store? These stores offer a variety of products we need for our everyday lives as well as things we want for our enjoyment and entertainment. Today, we are going to profile one particular store's origins, products, and location information, Nebraska Furniture Mart.
Nebraska Furniture Mart sells products for the home, outdoors and fitness. It has become one of the Midwest's most popular destinations for everything we need for our abode. Generally, when we think of giant corporations, we tend to forget that these monoliths often come from very humble beginnings. Nebraska Furniture Mart is one of these corporations.
Nebraska Furniture Mart Company Profile
Nebraska Furniture Mart was founded in 1937 in Omaha, Nebraska by Belarusian immigrant Rose Blumkin. Rose, well known as "Mrs. B.", was born as Rose Gorelick near Minsk, Belarus in 1893. When she was twenty years old, Rose was married to Isadore Blumkin. In 1917, the Blumkins immigrated to the United States, before finally settling in Omaha, Nebraska in 1919. In Omaha, Mrs. B. opened up a used clothing store until 1937, when the first Nebraska Furniture Mart opened in the basement of her husband's shop. The business grew to become the largest indoor furniture store in the United States. In 1970, the company expanded outside Nebraska, but the terrible economy of the late 1970s forced the company to consolidate back to its one, original store. In 1983, Rose Blumkin sold 90% of the business to entrepreneur Warren Buffett for $60 million. She even opened up a rival company but was forced to sell it to Buffett because of a rival clause in the contract of the original sale of NFM. Mrs. B. stayed involved in day-to-day operations until her death at the age of 104 in 1998. The company once again began expanding in 2001, by opening up a store in Des Moines, Iowa. Another store was opened in Kansas City in 2004. A Texas store began construction in 2015.
General Business Overview
Nebraska Furniture Mart employs 2,124 people across six locations (five retail stores and headquarters). Retail stores are located in Omaha, Dallas, Des Moines and Kansas City. Nebraska Furniture Mart's headquarters is located in Omaha. The business was incorporated in 1983. Products offered at retail locations include: home furniture, outdoor furniture, home appliances, home decor, fitness products, electronics, and toys.
The CEO is Irv Blumkin. Irv Blumkin is the grandson of Rose Blumkin, the founder. Mr. Blumkin started working in the store at the age of eight. Tony Boldt is the current President and COO. Mr. Boldt began his career at NFM as a distribution leader and worked his way up the ranks to his current position. Mr. Boldt oversees all retail operations. Ron Blumkin, Chairman, is another grandson of Mrs. B. Ron Blumkin was the President until 2016, when he handed over the reigns to Tony Boldt. Irv and his brother Ron work closely together strategizing the future endeavors of the company.
"Based on our tradition of selling cheap, telling the truth and providing the greatest selection and service, we improve people's lifestyles."
Nebraska Furniture Mart sells more than just furniture. In fact, they offer just about anything needed to decorate and modernize any home. They also offer the hottest toys for the Holiday Season. Let's take a closer look at some of the more popular products offered:
Nebraska Furniture Mart has furniture for every room in the house. Furniture is an essential element of a happy home. Old and broken furniture can lead to lack of sleep, and a poor home experience in general. Here are several examples of the kinds of furniture the company offers:
Comfort inside the home is great, but what about the outside? Nebraska Furniture Mart has that covered. They offer an array of patio furnishings. These include:
Everyone knows the advantages of having the latest home appliances. These appliances make our busy lives easier by helping with the cooking and cleaning. Nebraska Furniture Mart offers the latest appliances, such as:
Having nice furniture is one thing, but decorating the interior of the home can be just as important. There is nothing like the cozy and inviting feeling when stepping into a well-decorated home. Nebraska Furniture Mart sells a variety of products to decorate any room of the house. These products include:
After a busy day, we all need to unwind and relax. Electronics offer entertainment and an escape from our daily lives. Whether its TV's or video games, Nebraska Furniture Mart offers the greatest in home entertainment products. These include:
Staying in shape is a key factor in sustaining a healthy and productive life. Some of us our too busy for the gym, or just prefer to work out in the comfort of their own home. No worries, Nebraska Furniture Mart has it covered with the latest home fitness products. Here are some of the fitness products offered:
It's not just adults that need entertainment, children need to be entertained as well. Nebraska Furniture Mart offers the latest and hottest toys for every age:
Don't let the "Nebraska" in Nebraska Furniture Mart fool you. The company did start in Nebraska, but began expansion outside the state in 1970. Currently, there are two locations in Omaha, and three more outside the state of Nebraska (Dallas, Kansas City, Des Moines). Below is a breakdown with information you need to know about all five retail locations.
Omaha - Mrs. B.'s Clearance Store
Nebraska Furniture Mart Headquarters Information
What We've Learned
Nebraska Furniture Mart started as a small clothing store in the basement of another business and grew to become a popular destination for many consumers. With the new convenience of the online marketplace, many retail stores have had to close. Nebraska Furniture Mart has proven to be a steady force in the Home Furnishings market. A competent and dedicated workforce can go along way in providing this stability. There are many consumers that still want the physical experience of shopping in a store. The company's vision and core values of treating others with respect and dignity, and offering goods at a fair but competitive price, have provided a steady platform for future success.
Destined For Greatness
Mrs. B. started Nebraska Furniture Mart with the intentions of providing products offering a comfortable and cozy home. Before the internet, consumers counted on a store to provide an honest and fair shopping experience. Even after she sold the majority of her company to Warren Buffett in 1983, Rose Blumkin stayed involved in day-to-day operations until she passed away. The Blumkin family, to this day, are still involved in the corporate operations of the company. She has inspired generations of her employees to treat customers how they would want to be treated. It's no secret that a little respect can go along way. Nebraska Furniture Mart is a perfect example of this. Mrs. B. was always destined for greatness.
In today's current marketplace, a steady online presence is vital for future success. More and more consumers are buying most of their products online. Irv and Ron Blumkin have recognized this fact. Nebraska Furniture Mart features an easy to use, modern online marketplace. You can browse products, buy products, find locations as well as learn about the company itself. If you would like to check it out for yourself the website address is www.nfm.com.