Report Names Bob’s Discount Furniture as Top Brand to Watch in ’23

January 4, 2023  by HFBusiness Staff in Business Strategy, Industry   

According to a report in the newsletter Retail Leader, Bob’s finished just behind the fast-food chain Whataburger and convenience store chain Wawa among the top brands to watch.

The newsletter said Bob’s was cited because the retailer hasn’t given back sales gains made during the pandemic – a period when home furnishings sales skyrocketed.

The Placer.ai data showed that furniture store traffic in October was 16.1 below October 2019, while November traffic was off 22.2 percent compared with the same month in 2019. Bob’s traffic, however, grew 27.6 percent in October and 13.4 percent in November compared with their 2019 numbers.

The newsletter noted that many Bob’s stores are in lower-income areas, which may give the company an advantage in 2023 since those homeowners may opt to refurbish their existing homes in the wake of high home prices.

To read the full Retail Leader story, click here.