Jordan's Furniture Company Profile

Background

Jordan's Furniture, established in 1918 by Samuel Tatelman in Waltham, Massachusetts, has grown into a prominent furniture retailer in New England. The company operates nine retail locations across Massachusetts, Maine, New Hampshire, Rhode Island, and Connecticut. Since 1999, Jordan's Furniture has been a wholly owned subsidiary of Berkshire Hathaway.

Key Strategic Focus

Jordan's Furniture emphasizes providing a unique shopping experience by integrating entertainment attractions within its stores, such as IMAX theaters, ropes courses, and themed displays. This strategy aims to differentiate the brand in a competitive market and attract a diverse customer base. The company offers a wide range of home furnishings, including living room, bedroom, dining room furniture, and mattresses, catering to various customer preferences.

Financials and Funding

As a subsidiary of Berkshire Hathaway, Jordan's Furniture benefits from the financial stability and resources of its parent company. While specific financial details of Jordan's Furniture are not publicly disclosed, Berkshire Hathaway's stock performance reflects the overall health of its subsidiaries.

Stock market information for Berkshire Hathaway Inc. (BRK.A)

• Berkshire Hathaway Inc. is a equity in the USA market.

• The price is 730000.0 USD currently with a change of -300.00 USD (-0.00%) from the previous close.

• The latest open price was 728000.0 USD and the intraday volume is 458.

• The intraday high is 729956.75 USD and the intraday low is 725225.56 USD.

• The latest trade time is Saturday, June 21, 00:19:01 UTC.

Technological Platform and Innovation

Jordan's Furniture leverages technology to enhance the customer experience. The company's Sleep Labs utilize exclusive technology, BridgeIT™, to assist customers in selecting the right mattress. Additionally, the integration of entertainment attractions within stores showcases the company's commitment to innovative retail experiences.

Leadership Team

• Eliot Tatelman: Serving as the CEO, Eliot has been instrumental in shaping the company's unique culture and integrating entertainment into the retail experience.

Competitor Profile

Market Insights and Dynamics

The furniture retail industry in New England is competitive, with several key players vying for market share. Jordan's Furniture distinguishes itself through its unique in-store experiences and strong brand reputation.

Competitor Analysis

Jordan's Furniture's main competitors include Nebraska Furniture Mart, Bob's Discount Furniture, Raymour & Flanigan, West Elm, and Boston Interiors. Among these, Jordan's Furniture ranks first in CEO Score, Product Quality, Net Promoter Score (NPS), Pricing, Customer Service, Overall Culture Score, and Diversity Score. The company's NPS is 15, indicating a positive customer perception compared to its competitors.

Strategic Collaborations and Partnerships

Jordan's Furniture has formed partnerships with companies like Saltmine Creative Pty and Anton's Inc., leading to cross-promotional opportunities and an expanded customer base. The company also engages in community initiatives, such as annual dress drives and winter outerwear collections, demonstrating a commitment to social responsibility.

Operational Insights

The company's strategy of integrating entertainment with retail has created a distinctive shopping environment, setting it apart from competitors. This approach not only attracts customers but also encourages longer in-store visits, potentially increasing sales. Additionally, Jordan's Furniture's commitment to employee satisfaction and community engagement contributes to a positive brand image.

Strategic Opportunities and Future Directions

Jordan's Furniture's focus on creating unique in-store experiences positions it well for future growth. By continuing to innovate and expand its entertainment offerings, the company can attract new customers and retain existing ones. Additionally, leveraging technology to enhance the shopping experience and exploring new markets within and beyond New England present further growth opportunities.

Contact Information

• Website: jordans.com

• Social Media:

• X: @jordansfurn

• Facebook: Jordan's Furniture

Jordan's Furniture continues to be a significant player in the New England furniture retail market, offering a unique blend of quality products and immersive shopping experiences.