Stan Adelstein retires as Bob's Discount Furniture chairman
Clint Engel -- Furniture Today, April 2, 2013
MANCHESTER, Conn. — Industry veteran and Bob's Discount Furniture Chairman Stan Adelstein retired Sunday after more than 20 years with the Top 100 company.
Adelstein, 76, had been Bob's chairman for the past six years and was its CEO in 2005 and 2006.
"It's been an honor being Stan's partner for the past 20 years and seeing a master at work," Bob's co-founder and President Bob Kaufman said in a statement. "Stan has been a driving force in building Bob's into one of the country's premiere furniture retailers."
Adelstein, who learned retailing in a family business in the Boston area, joined Bob's as a consultant soon after it started in 1991, and became one of its original partners.
He was instrumental in shaping the company's merchandise mix, marketing strategy and Internet initiatives, launching Bob's e-commerce website before most other furniture retailers tapped the channel, the company said.
"Stan is one of the rocks on which Bob's was built," said CEO Ted English, who also is now chairman. "His vision, passion and creativity are unmatched and we wish him the very best in his retirement. He will be missed greatly by our team."
During Adelstein's time with Bob's, the company grew from one store and a handful of people in Newington, Conn., to a chain of 45 stores, employing more than 3,000 people in nine East Coast and Mid-Atlantic states.
The Manchester, Conn.-based Bob's is ranked No. 15 on Furniture/Today's Top 100 with estimated 2011 furniture, bedding and accessories sales of $638.8 million.
"I want to thank my partners and all the members of the Bob's organization for letting me be part of their extended family for so many wonderful years," he said. "Together, we developed a truly unique and successful business model - based on value, integrity and honesty."
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