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Replacements, Ltd.
Q & A with Replacements’ founder and CEO Bob Page
What
gave you the idea behind Replacements, Ltd.?
Actually, I was working
for the state of North Carolina as an auditor and quite frankly nobody was glad
to see you and I didn’t really feel like I was
providing a real service for those people we were auditing either-- it
was really a thankless job. At that time my hobby was going to flea markets on
weekends and I really thought how great it would be if I could work at a job
and make a living doing something that I really enjoyed because I really hated
my job. So, I would go to flea markets and buy things to sell on consignment.
There were a number of things I would buy, china, crystal, plus I used to refinish
a lot of furniture and sell that on consignment and at one time I owned part
interest in a consignment shop. As friends heard what I was doing, they
would ask me to look for their patterns and I had a little recipe box that I
kept three by five index cards in and I would take notes of things that people
were looking for and if I could locate those at the flea market I would let them
know. That went so well I started running ads in some magazines and I had
a little answering device on my phone and people would leave me messages and
I would return phone calls after work and packaged the boxes in my kitchen floor
and put them in my car to take to UPS for shipping.
When
did you actually start the company?
I finally got up enough nerve to quit my job in March
of 1981 because I really felt like if I could devote myself to my hobby
full time that I could make a living doing that. I thought I probably
won’t ever make as
much money as I would as a CPA but if I’m doing something I really enjoy
that in the long run I’ll be better off. My family and all my friends
thought I was crazy, the idea of selling used dishes for a living is something
that they didn’t think would be very practical and they didn’t really
think it would be a long lasting job.
Did you ever imagine Replacements would grow
so big, and to what do you credit your success?
When I first got started I had one part time employee --
I would never envision having a dozen employees much less over 500 full time
employees like we have today! I really feel like there was a need that
nobody had been able to meet or even attempted to, that people were looking for
so many of these patterns that were no longer in production. It wasn’t
that they couldn’t
go out and buy another pattern, it was just that so many of these things were
so very sentimental to them. These patterns reminded them of their childhood
or reminded them of their parents or grandparents and it was something very emotional
in being able to replace those patterns and so I think that was a need that no
one had met and that’s why the business has been successful.
How does Replacements find its millions of pieces?
There are a number of ways that we locate our inventory. We have a network
of more than seven hundred ‘star suppliers’ who include antique dealers
that buy and sell to us on a regular basis. We also buy from individuals
and we have several employees who actually go out on the road and look for merchandise. We
also buy a lot of product from the manufacturers when they discontinue patterns
and at times if we have a huge demand and it’s a recently discontinued
pattern the manufacturer will go back and make a special run just for us so that
we can meet the needs of our customers.
Do you still go out and look for pieces?
I do. I really
enjoy trying to find the product and I know our inventory so well and most of
the time don’t even need to pick up something to have
an idea if it’s something we would need for one of our customers. When
I was a child I always enjoyed hunting Easter eggs, and this is my version
of an adult Easter egg hunt. When I go out and look for these things it is
exciting to find pieces that you know you have customers waiting
for and who will be thrilled to have those pieces in their collections.
What are some of your great finds?
One story that I always enjoy remembering is going in an antique mall in San
Jose, California and buying three little cordials that I knew were rare. I
didn’t really know what the value was but I knew they were really rare
and I bought them for $10.80 each and when I got back I was able to research
and found where one sold at an auction for $1450!
Do you think your customers realize the value of their pieces?
I think there’s probably a small fraction of the people
who really know the value of what they have and often times they think, well
I got this 25 years ago and they might think in terms of how much they paid for
it then which in fact today it might be worth considerably more today.
What are some of your favorite customer stories?
One story that I always enjoy concerns a young man who had
called us and was looking for a wine glass and he wanted to have that overnighted
to him because his parents had gone out of town and he had a party and broke
one of their wine glasses and he wanted to return that glass before his parents
returned from their trip. Another interesting story, a California film
crew was shooting a commercial for Fancy Feast cat food and the cat knocked over
the crystal sherbet that the cat food was in and broke the glass. The producers
actually did a sketch of the piece and emailed it to us and we were able to determine
what that pattern was and ship the sherbet overnight so they could continue their
filming the next day. On a more personal note, I have seen some customers
in our showroom get very emotional because they really don’t think we have
their pattern and when we give them a print out of what we do have in that particular
pattern they say okay, could you just bring a piece out so I can see it really
is my pattern. When
we bring it out they say, oh that is it, that is it, and they’re so very
emotional because they think this is something they’d never be able to
replace and it’s just such a great feeling to be able to help the customer
and see how much that means to them. This is a very neat job in that you
do get a lot of great feelings from the way you’re able to help people.
Is it true you don’t
have any china at home?
My partner and I don’t entertain and we have twin eight year old boys and
our lives are pretty casual so we do not have a set of china at home.
What do you see in the future for Replacements?
We just want to continue
to provide the level of customer service we have since our inception. I
take a great deal of pride in our commitment to our customers; I know that so
many companies talk about customer service but I think few really follow through
on that and I am so proud that at Replacements we really do bend over backwards
trying to accommodate our customers.
Replacements is well known for allowing its associates
and customers to bring their pets in to work or shop. What gave you this
idea?
One of the employees here knew that I loved his dog, Ernie, that he had rescued
and he gave me that dog for my birthday. I thought, I just cannot leave Ernie
at home alone, I’ve got to bring him with me to work. I realized how much
it meant to me to be able to bring my dog to work and thought I’m sure
others here would feel the same way so we started
allowing our employees to bring their pets to work. I do think it
means a great deal to so many of our associates, in fact I’ve had more
than one employee tell me it is the best fringe benefit we have at here at Replacements.
Do the pets ever have accidents?
Occasionally we do have an accident, and we do ask the
pet owners to clean that up, but I don’t remember a pet ever breaking anything
here at Replacements. We’ve
had a number of people and customers to break things out in our showroom, but
never the pets.
How have values you learned growing up impacted you
today?
I grew up on a small farm in Rockingham County, North Carolina. My dad
was a tobacco farmer and my parents, and the four children in the family all
worked on the farm. My family was poor, but my father always reached out
to help others in need by giving them food he could spare from his garden or
helping them in other ways. My dad taught me a lot about his values of helping
others in the community and I think that’s a lot of who I am today. I
grew up believing that no matter what your beliefs are, you should have respect
for everybody. That’s why here at Replacements we really do believe
in rewarding our employees for the quality of their work and their performance
and we don’t judge anybody based on anything else. We take a great
deal of pride in the diversity we have here, whether it be more than a hundred
former Yugoslavs we have or the number of gay people. We have employees
from 30 some different countries and we feel that Replacements is probably the
most diverse company in this area and we take a great deal of pride in this fact.
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