Industry | Jewelry |
---|---|
Founded | 1887 |
Defunct | 2010 |
Fate | Bankruptcy |
Headquarters | New York , United States |
Number of locations | 781 locations in the United States |
Finlay Enterprises Inc. was a holding company based in New York that conducted business through its wholly owned subsidiary "Finlay Fine Jewelry". It was founded in 1887. Finlay Enterprises Inc. filed for Chapter 11 bankruptcy in August, 2009. [1]
Finlay operated the fine jewelry departments in many department stores. The department space was leased to Finlay. The number of locations Finlay operated at the end of the second quarter ended August 1, 2009 totaled 182, including 67 Bailey Banks & Biddle, 34 Carlyle and four Congress specialty jewelry stores and 77 licensed departments with The Bon-Ton.
Finlay operated in department store groups such as Macy's Inc. (Formerly Federated Department Stores), Bloomingdale's, Bon Ton Department Stores, Lord & Taylor, Dillard's, and Gottschalks. The company also owned and operated specialty stores such as Carlyle & Co, J.E. Caldwell & Co., and Park Promenade Jewellers.
Carlyle & Co. was acquired May 2005, adding 34 stores under the Carlyle & Co., J.E. Caldwell & Co., and Park Promenade banners. Congress was acquired December 2006.[ citation needed ]
Bailey Banks & Biddle was formerly owned by Zale Corporation. They competed with other high-end retailers such as Tiffany and independent jewelry stores. The name "Zell Bros" was used for one location. The stores tended to carry many high-end designer lines, including Scott Kay, Tacori, Ritani, Mikimoto, and David Yurman. Stores use the slogan "Where Treasures Live". There were 72 Bailey Banks and Biddle locations as of May 22, 2007. 15 Texas locations branded as "Corrigan's" and "Sweeney's" were transferred to the Bailey Banks & Biddle nameplate when Zale decided to make the chain national. [2]
In November 2008, [3] Lord & Taylor announced that it was ceasing its contract with Finlay in order to place jewelry from Fortunoff, which was acquired by Lord & Taylor's parent company NRDC Equity Partners LLC, in its stores. Macy's later made an announcement saying it too was ceasing its contract with Finlay. Near the end of that Christmas season, financial media began speculating that Finlay would not be able to meet its obligations for the next fiscal year. [4] Soon several ratings agencies downgraded Finlay's credit rating, which further restricted its ability to finance operations. [5] In late February 2009, Finlay announced it was going to exit its department store business. [6] In March 2009, Finlay attempted last minute negotiations with its two largest creditors. [7] In a conference call with shareholders in March, Finlay's outside accounting firm raised doubts about the company's ability to go on. [8] On August 5, 2009, Finlay Enterprises filed for Chapter 11 corporate bankruptcy. [9] [10]
Macy's, Inc. is an American holding company of department stores. Upon its establishment in 1929, Federated held ownership of the regional department store chains Abraham & Straus, Lazarus, Filene's, and Shillito's. Bloomingdale's joined Federated Department Stores the next year. Throughout its early history, frequent acquisitions and divestitures saw the company operate a number of nameplates. In 1994, Federated took over the department store chain Macy's. Despite a long history of preserving regional nameplates, with the acquisition of The May Department Stores Company in 2005, they were retired and replaced by the Macy's and Bloomingdale's brands nationwide by 2006. Ultimately, Federated itself was renamed Macy's, Inc. in 2007.
Macy's is an American department store chain founded in 1858 by Rowland Hussey Macy. It has been a sister brand to the Bloomingdale's department store chain since being acquired by holding company Federated Department Stores in 1994, which renamed itself Macy's, Inc. in 2007. It is the largest department store company by retail sales in the United States as of 2015.
Gottschalks was a middle-tier American department store that operated 58 department stores and three specialty apparel stores in six western states ; some locations ran as Harris-Gottschalks stores. Prior to liquidation, it was the largest independently owned, publicly traded department store chain in the United States. On January 14, 2009, Gottschalks filed for Chapter 11 bankruptcy. This bankruptcy became a liquidation on March 31, 2009. At least five prime locations became Macy's stores, while several more became Forever 21 stores.
Belk, Inc. is an American department store chain founded in 1888 by William Henry Belk in Monroe, North Carolina, with nearly 300 locations in 16 states. Belk stores and Belk.com offer apparel, shoes, accessories, cosmetics, home furnishings, and a wedding registry.
Filene's is an American department store chain; it was founded by William Filene in 1881. The success of the original full-line store in Boston, Massachusetts, was supplemented by the foundation of its off-price sister store Filene's Basement in 1908. Filene's, in partnership with Abraham & Straus, Lazarus, and Shillito's, was an original member of the holding company Federated Department Stores upon its establishment in 1929.
South Shore Plaza is a shopping mall in Braintree, Massachusetts, United States, owned by Simon Property Group. It is near the Braintree Split interchange, off the I-93 / US 1 and Route 37 junction. The mall opened as an open-air plaza in 1961; it was enclosed in 1976 and expanded between 1995 and 1996. With 192 tenants and 1,586,446 sq ft (147,385.7 m2) of gross leasable area, the mall is the largest in New England in terms of square footage and is the 16th-largest mall in the United States.
Westmoreland Mall is a two-level, enclosed super-regional shopping and casino complex in the municipality of Hempfield Township, Pennsylvania, southeast of Pittsburgh, and owned and operated by CBL Properties. It was completed in 1977 and was extensively renovated and expanded in 1993–1994. The mall features retailers JCPenney, Macy's, and Macy's Home, in addition to Live! Casino Pittsburgh and a future Dick's House of Sport store in the space formerly occupied by Sears.
TJ Maxx is an American department store chain, selling at prices generally lower than other major similar stores. It has more than 1,000 stores in the United States, making it one of the largest clothing retailers in the country. TJ Maxx is the flagship chain of the TJX Companies. It sells men's, women's and children's apparel and shoes, toys, bath and beauty products, accessories, jewelry, and home products ranging from furniture and decor to housewares and kitchen utensils.
Associated Dry Goods Corporation (ADG) was a chain of department stores that merged with May Department Stores in 1986. It was founded in 1916 as an association of independent stores called American Dry Goods, based in New York City.
Davison's of Atlanta was a department store chain and an Atlanta shopping institution. It was the major competition to Rich's and it took the Macy's name in 1986.
Meridian Mall is a super-regional shopping mall located in Okemos, Meridian Township, a suburb of Lansing, Michigan, United States.
Castleton Square is an enclosed shopping mall in the Castleton neighborhood on the northeastern side of Indianapolis, Indiana, United States. Built by Edward J. DeBartolo Corporation and Homart Development Company in 1972, it is owned and managed by Simon Property Group. It is the largest mall in the state of Indiana, and has remained so since its construction. The center's original anchor stores were JCPenney, Sears, Lazarus, and Woolworth. Expansions in 1990 and 1998 added to the total number of anchor and inline stores, while also adding a food court. The anchor stores are JCPenney, Forever 21, H&M, AMC Theatres, Dick's Sporting Goods, Macy's, and Von Maur; the former location of Sears has been vacant since 2018. Overall, Castleton Square consists of over 130 inline stores.
The Zale Corporation is an American jewelry retailer, incorporated in Delaware in 1993. The principal executive offices are located in Coppell, Texas.
Inland Center is a regional shopping mall owned and operated by Macerich, located in San Bernardino, California along the southwest border adjacent to Interstate 215 and the city of Colton. The mall is within one mile of three bordering cities on the southern end of San Bernardino. Inland Center is a single-level mall anchored by, JCPenney, Forever 21 and Macy's, plus 110 specialty shops and services.
The Maine Mall is an enclosed shopping mall in South Portland, Maine, United States. Owned and managed by Brookfield Properties, it is the largest shopping mall in the state of Maine, and the second-largest in northern New England, behind New Hampshire's the Mall at Rockingham Park.
Bailey Banks & Biddle was a retailer of jewelry and designer of US medals that was formed in Philadelphia, Pennsylvania, in 1832.
Promenade Temecula, formerly The Promenade in Temecula, is an enclosed shopping mall in Temecula, California. Opened on October 27, 1999, its anchor tenants are J. C. Penney, Macy's which occupies two anchor spots: Macy's North and Macy's South, Round One Entertainment, Edwards Cinema, and Dick's Sporting Goods.
Sandusky Mall is an indoor shopping center located in Perkins Township, south of Sandusky, Ohio. It is located on the east side of US Route 250, north of I-80/I-90 and Ohio State Route 2. It is the only major shopping center within 45 miles (72 km). It comprises more than 70 stores; the anchor stores are TJ Maxx, JCPenney, Books-A-Million, Dewey Furniture, Five Below, and Ross. JCPenney had previously operated a store in downtown Sandusky. It is managed by Cafaro Company of Niles, Ohio.
Jamestown Mall was an enclosed shopping mall in Florissant, Missouri, a suburb of St. Louis, Missouri, United States. Opened in 1973, the mall formerly included Dillard's, JCPenney, Macy's, and Sears as its anchor stores. The mall had become increasingly vacant since the beginning of the 2000s. It closed in July 2014 and was demolished from 2023-2024. The site has been slated for redevelopment as an open-air center.