Leon's

Infobox_Company
company_type = Retail sales, furniture
company_name = Leon's Furniture Limited| current company_slogan = "It's All About Trust"
foundation = 1909 in Welland, Ontario
location = Weston, Ontario, Canada
key_people = Ablan Leon, Founder
Terry Leon, President/CEO
Dominic Scarangella, Vice-President/CFO
Edward Leon, Vice-President/TFM
homepage = [http://www.leons.ca/ www.leons.ca]

"For the frozen custard restaurant, see Leon's Frozen Custard".

Leon's Furniture Limited (tsx|LNF) (Léon in Quebec) is a Canadian furniture superstore which first opened its store in 1909. The controlling interest in the company is owned by the Leon family, while some shares are traded publicly on the Toronto Stock Exchange. It has consistently ranked among the top furniture chains in Canada.Fact|date=October 2008

History

Leon's originated in the city of Welland, Ontario, near the US border in southwestern Ontario. It was founded by Ablan Leon, a Lebanese immigrant, who started out as a door-to-door salesman. He was able to open a store with his profits in 1909. The original store was a dried-goods outlet, which subsequently converted to furniture sales after Mr. Leon discovered the profits to be had in selling furniture when, after leaning his son's wedding gift of a mattress outside his store briefly, he was immediately approached by a customer who wished to buy it. He sold it for several dollars more than he paid, and so soon thereafter, the store shifted its focus to concentrate on furniture sales.

Leon's original store was staffed primarily by Ablan's children, and he gained a reputation in Welland for honesty and fairness, an image the company aims to preserve with its present-day slogan, "It's All About Trust". When Ablan died in 1942, he left the company to his children who, after expanding the original location to its limit, solved the problem of further growth by building new stores across southwestern Ontario.

The company moved into the Toronto area in the subsequent decades, purchasing several established outlets in the city and then converting them to the Leon's name once they felt sufficiently ready to tackle a wider retail market. The company, seeking further expansion, went public in 1969 and thereafter opened its first warehouse showroom in 1973, touting it as the only one in Canada. This was, in many ways, a forerunner to the big box retail outlets found commonly by the end of the 20th century, and it proved a big success; stores continued to open in urban and suburban areas across Canada, largely with good results.Fact|date=March 2008

Today, roughly half of the store's more than 50 outlets are owned corporately, while the remainder, mainly in rural areas or in cities with lower populations, are owned by franchisees. Leon's is present in every province and briefly had a presence in the US with two stores in Arizona in the mid-90s. The company owns much of the real estate on which its stores are located. [ [http://www.theglobeandmail.com/servlet/story/LAC.20080306.RHEINZL06/TPStory/Business There are plenty of dividend options beyond banks] Globe and Mail March 8, 2008]

Products

Leon's markets mid-range furniture, appliances and electronics; some items are discount, and some stores contain high-end showrooms with higher-priced items available. A major part of Leon's marketing strategy is its financing plans, which allow customers to defer payments for various lengths of time (the most common of which are 6 and 12-month terms). This financing is offered through Citi Financial in most locations, although Trans-Canada Credit and Visa Desjardins are used by some locations. In an effort to attract customers living in condos or smaller dwellings, Leon's launched their Urban Living Collection in June 2007. Leon's Urban Living Collection contains smaller sized sofas, bedrooms and dining sets.

Commercials and events

Leon's has usually eschewed the traditional low-budget furniture commercial throughout its history; instead of focusing on merchandise as most furniture ads tend to, it opts to produce humorous or memorable commercials, often employing silly gags or jokes to create a lasting impression on viewers. Its most popular ad campaigns are the Ho-ho-hold the Payments event and the No Money Miracle, both of which having gone through several makeovers over the years. The store's promotional events are generally recurring by month, although several do alternate throughout the year. Most offer discount prices on select items and improved financing terms, along with the option to defer all payment (generally financing requires a deposit of all applicable taxes and fees up-front).

A Leon's commercial (from 1992, No Money Miracle commercial) was in the World's Funniest Outtakes television special. Fact|date=February 2008

Personnel

Leon's staff is separated into numerous departments in many of its corporate locations (franchise operating procedures tend to vary). Deliveries, sales, service, and payments are all separate departments in most locations, which can cause some shoppers to grow frustrated with perceived lengthy wait times. On the other hand, it does greatly cut down on internal product loss, and specialization allows for departments to function more efficiently, generally speaking. Employees receive a number of benefits, from profit sharing to comprehensive benefits packages (for full-time staff).

logans

* "It's a better way to buy furniture" - 1992
* "Canada's Only Furniture Superstores" - 2000
* "Leon's - Where Big is Beautiful - In So Many Ways"
* "Leon's - It's All About Trust" - 2004-present

Competition

Competitors of Leon's include:

* The Brick
* Sears@Home
* Lastman's Bad Boy Furniture

References

External links

* [http://www.leons.ca Leon's Homepage]