The Jacksonville Daily Record reports that Bob's Discount Furniture has declined to comment on possible Jacksonville expansion plans, leaving the company's plans unclear.
Two Big-Box Spaces, One Common Landlord
Both target locations share a landlord: Kimco Realty Corp., the Jericho, New York-based commercial real estate firm that controls shopping centers on opposite ends of Duval County. Argyle Village sits at the busy intersection of Interstate 295 and Blanding Boulevard in Southwest Jacksonville, a 306,506-square-foot center anchored by Publix, T.J. Maxx and Five Below, per the Jacksonville Daily Record. The Argyle storefront itself became available after Joann filed for Chapter 11 bankruptcy in early 2025 and sought permission to close around 533 stores nationwide, including its Argyle Forest Boulevard location, as reported by ABC10.
Kimco Realty Corp. owns and manages River City Marketplace, located in North Jacksonville near Jacksonville International Airport. The center spans 632,050 square feet across 94 acres with more than 80 retail tenants, making it the largest shopping complex in northern Jacksonville, according to prior Hoodline reporting. A Kimco investor presentation reportedly shows Bob's Discount Furniture as a listed tenant, an indication the chain might pursue additional expansion sites across the landlord's broader portfolio.
A Proposed IPO and Expansion Push
The timing coincides with Bob's Discount Furniture's proposed move onto Wall Street. Private equity firm Bain Capital was associated with the proposed offering, which was intended in part to pay down existing credit facility debt, according to BigGo Finance.
Separately, the company has stated a goal of more than doubling its store count to 500 locations over the next decade, a target the chain said it has momentum to reach, per CoStar News. At the time of its IPO filing, Bob's Discount Furniture operated more than 200 showrooms across 26 states, according to CoStar News.
Why Physical Stores Still Matter Most
Brick-and-mortar remains the backbone of the retailer's business model even as it chases nationwide growth. Physical showrooms generate 86% of Bob's Discount Furniture's total revenue compared with just 14% from e-commerce, according to the company's SEC S-1 filing cited by Retail Dive, with average order values landing around $1,400 and upholstery and case goods as its two largest merchandise categories. That dependence on in-person sales helps explain why a multi-store expansion in a market like Jacksonville could carry weight for the chain's long-term plans.
The company's recent financial results suggest the growth strategy is paying off. In its second fiscal quarter ended June 28, Bob's Discount Furniture reported net revenues of $619.6 million, an 8.8% increase year-over-year, while operating 218 stores across 27 states, Business Wire reported. The quarter's gains were driven partly by a 2.3% rise in comparable store sales alongside new showroom openings, and the company has projected full-year 2026 GAAP net income between $142 million and $150 million after receiving approval for $37.9 million in cost-of-sales tariff refunds tied to imported furniture inventory.
