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CORT history
CORT company history timeline
In 1972 Mohasco expanded its home furnishings activities with the purchase of five regional furniture rental companies, which it merged into CORT Furniture Rental.
In 1987 Mohasco moved from upstate New York, where it had been located for more than 100 years, to Fairfax County, Virginia, in the suburbs of Washington, D.C., to be closer to its carpet and furniture plants in the South.
However, the company still suffered a loss of more than $6 million on revenues of $106.5 million for 1992.
A survey commissioned by the company found that the average 1994 income of an individual CORT Furniture Rental customer was approximately $73,000, compared with $47,000 for a General Furniture Leasing individual customer.
CORT, with 1997 revenues of nearly $287 million and a national network of showrooms and clearance centers, was clearly the "100-pound gorilla" of the industry.
In 2010 the name is changed to CORT Destination Services™ and expanded offerings are added.
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CORT competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| La-Z-Boy | 1927 | $2.0B | 9,500 | 188 |
| AFR Furniture Rental | 1975 | $73.0M | 249 | 24 |
| Aaron's | 1955 | $2.1B | 9,400 | 505 |
| Rent-A-Center | 1973 | $4.3B | 14,500 | 774 |
| Slumberland Furniture | 1967 | $263.0M | 1,000 | 3 |
| Havertys Furniture | 1885 | $722.9M | 3,425 | 185 |
| Big Geyser | - | $103.7M | 200 | - |
| Burke Beverage | 1979 | $77.0M | 100 | - |
| Baker Distributing | 1945 | $1.3B | 3,000 | 98 |
| Andrews Distributing | 1976 | $51.0M | 135 | 30 |
CORT history FAQs
Zippia gives an in-depth look into the details of CORT, including salaries, political affiliations, employee data, and more, in order to inform job seekers about CORT. The employee data is based on information from people who have self-reported their past or current employments at CORT. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by CORT. The data presented on this page does not represent the view of CORT and its employees or that of Zippia.
CORT may also be known as or be related to CORT, CORT Business Services Corp., CORT Business Services Corporation, Cort, Cort Business Services and Cort Business Services Corporation.