PBN 2021 Fastest Growing Companies Awards
$75 million and above: 4. Ocean State Job Lot
CEO (or equivalent): Marc Perlman, principal owner and CEO
2020 Revenue: $810 million
2018 Revenue: $685 million
Revenue growth: 18.2%
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When COVID-19 drove people home in 2020, many looked to escape the four walls of their houses by going outside.
Joining the Ocean State Job Lot Insider Club allowed people to take advantage of membership deals and discounts on patio furniture, fire pits, lawn games, pools and supplies, and gardening equipment.
“People were investing in their backyards,” said Paul Conforti, chief marketing officer. “They trust us – they know they can count on us for value.”
Deals and savings on personal protective equipment to stay safe, food to eat and air conditioners to keep cool at home also helped drive an increase in revenue.
“Our sustainability resulted from our commitment to safety before profit,” Conforti said.
North Kingstown-based Job Lot not only expanded its footprint geographically, but on Aug. 31 it joined the e-commerce marketplace with a catalogue of items that could be purchased online.
