According to the Times, shortly after the acquisition, Buffett said in 1984: ”Put her up against the top graduates of the top business schools or chief executives of the Fortune 500 and, assuming an even start with the same resources, she’d run rings around them.”
That’s high praise from the world’s third-richest man, with a net worth of $83.1 billion, according to Forbes.
Nebraska Furniture Mart is a part of Berkshire Hathaway’s larger retail portfolio. While Berkshire does not separate out the performance of specific businesses, its retailing group saw revenues of $15.6 billion in 2018, a 3.6 percent increase from 2017.
NFM now operates its business from three large retail complexes in Omaha, Kansas City, Kansas, and a suburb of Dallas — totaling about 1.5 million square feet of retail space. The company also owns Des Moines, Iowa-based Homemakers Furniture, a chain with about 215,000 square feet of retail space and 4,633 employees at multiple locations, according to Berkshire’s 2018 annual report.
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