Lehigh Valley Capital in Whitehall Township has begin a backup for the above HHGregg space: a 26-year-old appliance banker that prides itself on its haggle-free, no-gimmicks atmosphere.
Bob’s Discount Appliance will alter HHGregg in the outparcel forth Grape Street that additionally houses Babies R Us, according to a certificate filed Friday with the U.S. Securities and Exchange Commission by Simon Acreage Group, which owns the 1.18-million-square-foot capital with Pennsylvania Real Estate Investment Trust.
A Bob’s agent accepted the news, abacus that the 30,204-square-foot abundance is slated to accessible Feb. 15. The banker does not yet apperceive how abounding bodies the abundance will employ.
It will be the aboriginal Bob’s abundance in the Lehigh Valley. The banker has nine added food in Pennsylvania, including one that opened abreast Reading in September 2015.
Bob’s will ample the abandoned that was created beforehand this year back disturbing banker HHGregg appear in March it was closing its Whitehall abundance and 87 others beyond the country as it attempted to acknowledgment to profitability. About a ages later, HHGregg said it was activity out of business and closing all its food afterwards declining to acquisition a buyer.
As for Bob’s, Bob Kaufman opened his aboriginal Bob’s Discount Appliance abundance in Newington, Conn., in 1991. In December 2013, Boston clandestine disinterestedness close Bain Capital appear it was affairs a majority pale in the Manchester, Conn.-based company.
Bob’s brand has developed appreciably back then, from 47 food at the time of Bain’s advertisement to 89 locations beyond 15 U.S. states today. The banker affairs to accessible nine added food in February, including six in the Los Angeles bazaar — its aboriginal locations on the West Coast.
Furniture Today, an industry barter publication, beforehand this year ranked Bob’s No. 12 amid the country’s top 100 appliance retailers based on 2016 sales. The advertisement estimated Bob’s had about $1.16 billion in sales aftermost year, which was up about 15 percent from 2015.
Lehigh Valley Associates, the academic name of the affiliation amid Simon Acreage Group and Pennsylvania Real Estate Investment Trust, is apparent in acreage annal as the buyer of the outparcel area Bob’s will locate in Whitehall.
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