J R Roberts Stores

Last updated

J R Roberts Stores
Company typePrivate company
Industry Retail
GenreDepartment store
Founded1870
Defunct1975
FatePurchased by House of Fraser in 1975
Successor Chiesmans
Headquarters Stratford, London
Southend-on-Sea
Key people
John Reynold Roberts
Parent Hide & Co 1950-1975
House of Fraser 1975

J R Roberts Stores was a small department store chain formed by John R. Roberts [1] that operated in the South East of England, before the business was purchased by the multiple retail store company, Hide & Co in 1950. The Stratford store was sold off, and the Southend store continued to trade under the J R Roberts Stores name until Hide & Co were purchased by House of Fraser in 1975, and the store was rebranded.

History

J R Roberts Stores opened in 1870 in Stratford, London as a drapery and furniture shop [2] at 96 Broadway, [3] The store expanded into a full line department store and occupied 78-102 Broadway.

In 1888, it is reported that J R Roberts opened the first Christmas grotto in a UK department store. [4] Later their Christmas fairs were known for animated soldiers, sailors and other toy figures. [5] During the early part of the 20th century, the postcard artist Hermann Fleury Jnr fitted out the Christmas display for a fee of £200. [6] In 1894, the business was incorporated with a value of £202,500 and was listed on the London Stock Exchange. [7] [8]

In 1895, Queen Mary Hospital at West Ham opened a new wing and the two main wards were named after J R Roberts who had paid for the furniture. [9]

The business expanded in 1899 when they opened a second store [10] in Nelson Street, Southend-on-Sea, as a subsidiary (Company no. 00338672) of the Stratford branch. They also announced they would stop selling alcohol in their Stratford store as part of the temperance movement. [11] However by 1902, the business would close its grocery department, [12] and the business announced that after costs being taken from their profit of £46,066, the company could not pay a dividend. [13] The company's shares were reconstituted in 1911 due to issues with dividend payments, with preference share holders given ordinary shares, and the value of the existing ordinary shareholders values written down. [14] The Stratford store was rebuilt at a cost of £25,000, adding a 260 foot arcade in 1927. [15] In 1933, the company moved their Southend-on-Sea store from Nelson Street to 90 High Street, which had been home to Percy Ravens since 1900. [16] In 1950 the business was purchased by retail group Hide & Co. [17]

In 1954, J R Roberts closed their Stratford store and sold it to the London Co-operative Society (who demolished the old buildings and built a new department store between 1957 and 1962). [18] The Southend store became part of House of Fraser in 1975 after they purchased Hide & Co, [19] and was renamed Chiesmans, before becoming an Army & Navy store after another rebrand, and was finally closed by House of Fraser in 1984. The premises have since been occupied by Dixons / Currys and Morrisons Local. It is currently occupied by the community hub, The Ironworks. [20]

Related Research Articles

<span class="mw-page-title-main">Dividend</span> Payment made by a corporation to its shareholders, usually as a distribution of profits

A dividend is a distribution of profits by a corporation to its shareholders, after which the stock exchange decreases the price of the stock by the dividend to remove volatility. The market has no control over the stock price on open on the ex-dividend date, though more often than not it may open higher. When a corporation earns a profit or surplus, it is able to pay a portion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested in the business. The current year profit as well as the retained earnings of previous years are available for distribution; a corporation is usually prohibited from paying a dividend out of its capital. Distribution to shareholders may be in cash or, if the corporation has a dividend reinvestment plan, the amount can be paid by the issue of further shares or by share repurchase. In some cases, the distribution may be of assets.

<span class="mw-page-title-main">Harrods</span> British department store chain

Harrods is a British luxury department store located on Brompton Road in Knightsbridge, London, England. It is owned by Harrods Ltd, a company currently owned by the state of Qatar via its sovereign wealth fund, the Qatar Investment Authority. The Harrods brand also applies to other enterprises undertaken by the Harrods group of companies, including Harrods Estates, Harrods Aviation and Air Harrods. Recognised as one of the world's leading department stores, it is visited by 15 million people per year.

<span class="mw-page-title-main">Debenhams</span> Defunct British department store chain, 1778–2021

Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland, and is still operating as a franchise in seven Middle East countries. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish department store chain Magasin du Nord. In its final years, its headquarters were within the premises of its flagship store in Oxford Street, London. The range of goods sold included middle-to-high-end clothing, beauty, household items, and furniture.

Frederick & Nelson was a department store chain in the northwestern United States, based in Seattle, Washington. Founded in 1891 as a furniture store, it later expanded to sell other types of merchandise. The company was acquired by Marshall Field & Company in 1929. By 1980, the Frederick & Nelson chain had expanded to 10 stores in two states. The company filed for bankruptcy and went out of business in 1992. Its former Seattle flagship store building is now occupied by the flagship Nordstrom store.

<span class="mw-page-title-main">House of Fraser</span> British department store group

House of Fraser and Frasers are a British department store chain with 25 locations across the United Kingdom and 2 in Ireland, part of Frasers Group. It was established in Glasgow, Scotland in 1849 as Arthur and Fraser. By 1891, it was known as Fraser & Sons. The company grew steadily during the early 20th century and in 1936 began a period of growth through acquisition which would continue for over forty years. House of Fraser Ltd was incorporated in 1941 and first listed on the London Stock Exchange six years later.

Owen Owen was a Liverpool-based operator of department stores in the United Kingdom and Canada. Beginning with a drapery shop in Liverpool, a chain of department stores was built up, often by taking over rival retailers. The company remained under Owen / Norman family control until the 1980s, and the brand ceased to be used in 2007.

Army & Navy Stores was a department store group in the United Kingdom, which originated as a co-operative society for military officers and their families during the nineteenth century. The society became a limited liability company in the 1930s and purchased multiple independent department stores during the 1950s and 1960s. In 1973, the Army and Navy Stores group was acquired by House of Fraser. In 2005, the remaining Army & Navy stores were refurbished and re-branded under the House of Fraser nameplate. House of Fraser itself was acquired by Icelandic investment company, Baugur Group, in late 2006, and then by Sports Direct on the 10 August 2018.

<span class="mw-page-title-main">The Crescent (department store)</span> Defunct American department store chain

The Crescent was a small chain of department stores founded and based in Spokane, Washington. Once a subsidiary of Marshall Field & Company, the chain was sold to BATUS Retail Group in 1982. BATUS renamed the stores Frederick & Nelson, the company's Seattle, Washington division, in 1988. Frederick and Nelson eventually filed for bankruptcy and liquidated in 1992. At its peak, The Crescent operated seven department stores in Washington and Oregon, including three in Spokane.

Wright's Biscuits was established in 1790 as L Wright & Son, in South Shields. In the 1930s they implemented intensive factory methods for production and became a national supplier of biscuits and cakes, and a leading employer in Tyne and Wear. They also ran a large chain of grocery stores under various names, and controlled fellow grocery chain Moores Stores. The business became part of James Goldsmith's Cavenham Foods group in 1971.

<span class="mw-page-title-main">Binns (department store)</span> Former department store chain

H. Binns, Son & Co. was a chain of department stores based in Sunderland, later purchased and absorbed by House of Fraser.

<span class="mw-page-title-main">Barkers of Kensington</span> Former department store in London

Barkers of Kensington was a department store in Kensington High Street, Kensington, London. It began as a small drapery business, John Barker & Company, founded by John Barker and James Whitehead in 1870. Barkers grew rapidly to become one of London's largest and most well-known department stores.

Keddies was a small chain of department stores in Essex, England, with its flagship store in a prime location in Southend High Street. The business had a national reputation, being recognised in The Fashion Handbook, appearing on the side of a Matchbox model 17C bus and being one of the retailers that fought to remove Retail Price Maintenance. Keddies closed for business on 26 February 1996 after going into administration.

Chiesmans was a department store group based in Lewisham, London. The business was established in 1884 as a general draper, expanding to become the largest department store in south-east London and operator of a network of branches stretching from Essex to the Isle of Wight. The group was acquired by House of Fraser in 1976. The former Lewisham flagship store closed in 1997.

Drapery Trust formed in 1925 by Clarence Hatry, a notorious British financier. He had made his fortune in speculating on oil stocks, and had convinced investors to promote department stores and bring them under the management of a retail conglomerate. The business was acquired by Debenhams in 1927 and was run as a subsidiary until the 1970s.

<span class="mw-page-title-main">Dingles (department store)</span> Former department store chain

E Dingle & Co was a department store chain with its flagship store in Plymouth, England. It is now part of House of Fraser group.

Scottish Drapery Corporation was a holding company for a group of Scottish department stores and drapers.

<span class="mw-page-title-main">Plummer Roddis</span> Former department store chain

Plummer Roddis was a chain of department stores based in the South of England which was acquired by the Drapery Trust, before being absorbed by its parent company Debenhams.

<span class="mw-page-title-main">Colsons</span> Former department store in Exeter, England

Colsons, later Dingles and House of Fraser, was a department store located in Exeter, Devon, England. Located on the High Street, the store was founded in 1792, then expanded after damage in the Second World War. It was later acquired by House of Fraser and grouped with Plymouth-based Dingles, taking their name, before becoming House of Fraser. The store closed in 2019, along with a number of other House of Fraser stores during financial difficulties at the group. The site was derelict for a number of years, before being renovated during 2022 by IHG Hotels & Resorts as the Hotel Indigo Exeter, including a restaurant named "Colson's" in recognition of the history of the building.

Joseph Della Porta was a department store located in The Square, Shrewsbury.

References

  1. "Chips". The Building News & Engineering Journal. 82: XVI. 28 March 1902.
  2. "St John's Stratford E15 - Timeline (1866-1881)" . Retrieved 1 November 2014.
  3. 1896 Kelly Trade Directory
  4. "Victorian values". Financial Times. Retrieved 1 November 2014.
  5. "Automaton - The Newham Story". Archived from the original on 20 December 2014. Retrieved 1 November 2014.
  6. cashewnut.me.uk/Geneology/HermannFleuryJunior.php
  7. "New Companies & Issues". Truth. 2 April 1894. p. 263-264.
  8. Stock Exchange Year Book. Bank of England. 1924. p. 2577.
  9. "Lost_Hospitals_of_London" . Retrieved 1 November 2014.
  10. "Seax - Catalogue: D/BC 1/4/12/1587 Building plan: Addition to Messrs J.R. Roberts and Co.'s shop No. 12 Nelson street Lewis Frederick" . Retrieved 1 November 2014.
  11. Otago Daily times 26/8/1899 page 8
  12. "English News". The Chemist & Druggist. Vol. 60. 26 April 1902. p. 650.
  13. "Miscellaneous Companies". The Economist. 60 (3060): 630. 19 April 1902.
  14. "The Stock Exchange Year Book". 1924. p. 2577.{{cite magazine}}: Cite magazine requires |magazine= (help)
  15. "New Buildings in London". The Builder. 132 (4385): 296. 18 February 1927.
  16. "Ravens of Southend". pinterest.co.uk/pin/750904937881857188/. Retrieved 4 July 2022.
  17. The New Dawn. 1963. p. 293.
  18. "West Ham: Industries | British History Online".
  19. "Company:J R Roberts Ltd". House of Fraser Archive @ University of Glasgow. Retrieved 25 May 2021.
  20. "Southend Ironworks supporters celebrating survival of hub". Evening Echo. 2 March 2024.

51°32′31″N0°00′07″E / 51.542°N 0.002°E / 51.542; 0.002