Industry | Retail |
---|---|
Fate | Owned by Gap Inc. |
Headquarters | |
Area served | Chicago Atlanta New York City |
Forth & Towne is a defunct brand of clothing stores owned by Gap Inc., which owns Gap, Banana Republic, and Old Navy brands. It operated several test stores in the Chicago (Algonquin, Illinois; Aurora, Illinois; Skokie, Illinois; Schaumburg, Illinois), Atlanta, and New York City (West Nyack, New York) areas. Forth & Towne focused on women over 35 who grew up with the Gap brand, but have "lost touch" with it.
The name of the store refers to both the fact that it was Gap Inc.'s fourth retail clothing brand, and that the store design attempted to instill a feeling of community. The first Forth & Towne location to open was in West Nyack's Palisades Center; it opened on August 24, 2005.
In February 2007, Gap Inc announced that all 19 stores were slated for closure, and on June 15, 2007, the first store, in Schaumburg, closed. [1] By the end of August, all Forth & Towne stores had ceased operating.
The closure affected approximately 550 employees. Gap Inc. anticipated $40 million of pre-tax expenses associated with the closure, over first and second quarters of fiscal year 2007. [2] Any returns of Forth & Towne merchandise in areas affected by the closing were honored by Gap stores, Old Navy stores, and Banana Republic stores until December 31, 2007.
Banana Republic is an upscale clothing and accessories retailer owned by The Gap. It was founded in 1978 by Mel and Patricia Ziegler, who originally called the company "Banana Republic Travel & Safari Clothing Company". In 1983, Gap purchased the company, changed the name to "Banana Republic," and rebranded the stores to achieve a more upscale image. Nicole Wiesmann, the current VP of design, has re-envisioned the brand with ad editorial campaigns that evoke much higher-end luxury brands like Loro Piana with garments that have been compared favorably with Ralph Lauren, The Row, and Burberry.
Old Navy is an American clothing and accessories retailing company owned by multinational corporation Gap Inc. It has corporate operations in the Mission Bay neighborhood of San Francisco, California. The largest of the Old Navy stores are its flagship stores, located in New York City, Seattle, Chicago, San Francisco, Manila, and Mexico City.
American Eagle Outfitters, Inc., also known as American Eagle, is an American lifestyle, clothing, and accessories retailer headquartered at SouthSide Works in Pittsburgh, Pennsylvania. It was founded in 1977 by brothers Jerry and Mark Silverman as a subsidiary of Retail Ventures, Inc., a company that also owned and operated Silverman's Menswear. The Silvermans sold their ownership interests in 1991 to Jacob Price of Knoxville, Tennessee. American Eagle Outfitters is also the parent company of Aerie.
Meijer Inc. is an American supercenter chain that primarily operates throughout the Midwestern United States. Its corporate headquarters are in Walker, Michigan, which is a part of the Grand Rapids metropolitan area. Founded in 1934 as a supermarket chain, Meijer is credited with pioneering the modern supercenter concept in 1962. About half of the company's 253 stores are located in Michigan; the others are in Illinois, Indiana, Kentucky, Ohio, and Wisconsin. The chain is ranked by Forbes as the 13th-largest private company in the United States, and is the country's 21st-largest retailer by revenue as of 2020.
Paul Pressler is the chair of the board of directors of eBay. He was previously CEO of Gap, Inc., chairman of Walt Disney Parks and Resorts and a partner at the private equity firm Clayton, Dubilier & Rice.
Aéropostale, is an American shopping mall–based retailer of casual apparel and accessories, principally targeting young adults and teenagers through its Aéropostale stores. Aéropostale maintains control over its proprietary brands by designing, sourcing, marketing, and selling all of its own merchandise. The company operates Aéropostale stores in the United States and through its e-commerce site.
Ruehl No.925 was an upscale clothing brand owned by Abercrombie & Fitch, selling apparel, leather goods, and luxury goods. Themed after New York City's Greenwich Village, the store was meant to attract post-graduate individuals aged 22 to 35, competing primarily with J.Crew, Polo Ralph Lauren, and American Eagle Outfitters' equally short-lived spinoff Martin + Osa. Ruehl was the only brand in the Abercrombie portfolio that sold clothing in the color black.
Payless is an international discount footwear chain. Established in 1956 by cousins Louis and Shaol Pozez, Payless was a privately held company owned by Blum Capital, and Golden Gate Capital. In 1961, it became a public company as the Volume Shoe Corporation which merged with The May Department Stores Company in 1979. In the 1980s, Payless was widely known in the U.S. for its Pro Wings line of discount sneakers, which often had Velcro straps instead of laces. In 1996, Payless became an independent publicly held company. In 2004, Payless announced it would exit the Parade chain and would close 100 Payless Shoe outlets. On August 17, 2007, the company acquired the Stride Rite Corporation and changed its name to Collective Brands, Inc. The company had a total revenue for 2011 of US$ 3.4 billion. The company also has a stunt premium banner, Palessi Shoes. Payless is currently owned by a group of investors led by Alden Global Capital and Axar Capital Management.
Gymboree Group, Inc. is a wholly owned subsidiary of The Children's Place.
Wild Oats Marketplace is a producer of natural and organic food distributed through partnerships in the United States.
Cynthia Harriss is an American retail and tourism industry executive, notable for her senior roles with Gap Inc. and The Walt Disney Company.
Boise Towne Square is a mall in the western United States, located in Boise, Idaho. The largest retail complex in the state, it opened in 1988 after more than 20 years of planning, and features 150 stores, with Macy's, JCPenney, Kohl's and Dillard's as anchor stores. The mall also includes the first Apple Store in Idaho. Boise Towne Square is owned by the Chicago-based Brookfield Properties and is located near the junction of Interstate 84 and Interstate 184.
Steve & Barry's was an American retail clothing chain, featuring casual clothing, footwear and accessories. By mid-2008, the chain operated 276 stores in 39 states. The company was headquartered in Port Washington, New York. The company liquidated all of its stores throughout 2008 and 2009.
Viacom Entertainment Store was a proposed chain of merchandise stores offering product based on Viacom owned properties, including Star Trek, Nickelodeon, MTV, VH1 and other Paramount Pictures properties.
North Towne Square, briefly known as Lakeside Centre, was a shopping mall in Toledo, Ohio developed by Simon Property Group.
Destination XL Group, Inc. (DXLG) is a specialty retailer of men's big and tall apparel, with operations throughout the United States, Canada and London, England. The company is headquartered in Canton, Massachusetts, and operates both retail stores and ecommerce businesses through its five trade names: DXL, Rochester Clothing, Casual Male XL, Shoes XL, and Living XL. It is listed on the NASDAQ Global Market under the symbol "DXLG".
Bond Clothing Stores, Bond Clothes, Bond Clothiers, or Bond Stores, was a men's clothing manufacturing company and retailer. The company catered to the middle-class consumer.
Market Place Shopping Center is an enclosed shopping mall located in Champaign, Illinois, US. The mall's anchor stores are Dick's Sporting Goods, Field & Stream, JCPenney, Macy's, and Costco Wholesale. It is the second largest enclosed shopping mall in Central Illinois.
The Mall of Monroe, formerly known as Frenchtown Square Mall, is an enclosed shopping mall in Frenchtown Charter Township in the U.S. state of Michigan. It is located just north of the city of Monroe along North Monroe Street (M-125). Opened in 1988, the mall features more than thirty tenants and a church. The mall is managed by Cafaro Company of Youngstown, Ohio. The mall's anchor stores are Planet Fitness, Phoenix Theatres, and Domka Outdoors. There are 4 vacant anchor stores that were once Target, Sears, and Pat Catan's.
The Gap, Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: Gap, Banana Republic, Old Navy, and Athleta. Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M. As of September 2008, the company has approximately 135,000 employees and operates 3,727 stores worldwide, of which 2,406 are located in the U.S.
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