Company type | Discount Department Store |
---|---|
Industry | Retail |
Founded | 1962 |
Defunct | 1997 |
Fate | Bankruptcy |
Headquarters | Salem, Massachusetts |
Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics and housewares. |
Website | None |
Rich's was a family-owned business that was established in 1962, grew out of Jerry's Army Navy Surplus in Salem, Massachusetts, USA. The Rich family once operated 29 stores in Maine, New Hampshire, Vermont and Massachusetts, which offered discounted merchandise.
Jerry Rich, a Russian immigrant living in Salem, Massachusetts, established Jerry's Army-Navy Surplus in 1929. [1] [2] Rich's was founded in 1961 by Rich, his sons Bennett and Howard and his son-in-law Joel Saxe. [3] [4] Similar to chain stores like Ames and Bradlee's, the chain offered discounted brand-name merchandise. In 1994, the company had sales of $240 million (~$448 million in 2023). [5] By Jerry Rich's death in 1995, the chain had 28 locations across New England. [6]
Due to retail consolidation and pressure from Walmart, the chain went bankrupt on March 14, 1996. [7] Financial records in its bankruptcy filing detailed $63.4 million in assets and $51.3 million in liabilities. [8] While the business was initially optimistic about its ability to emerge from bankruptcy, [9] the store would shutter all its locations in December 1996. [1] Nearly 2,000 workers at the company's 28 stores in Massachusetts, Maine, New Hampshire, and Vermont lost their jobs by February 1997. [5]
The Mall of New Hampshire is a shopping mall located in the Lower South Willow neighborhood of Manchester, New Hampshire. Its major anchoring stores are Macy's, Old Navy, JCPenney, Dick's Sporting Goods, Best Buy, and Dave & Buster's. The mall has 125 stores as well as a large food court and is 798,881 square feet (74,218.5 m2), making it the third largest mall in New Hampshire after the Mall at Rockingham Park in Salem, and the Pheasant Lane Mall in Nashua, which opened in 1991 and 1986, respectively. This was the first large-scale shopping mall in New Hampshire; initial construction of the mall was completed in August 1977, though it has since been dramatically expanded.
Price Chopper Supermarkets is an American supermarket chain owned by Northeast Grocery, headquartered in Schenectady, New York. The chain opened its first supermarkets in New York's Capital District in 1932, and changed its name from Central Market to Price Chopper in 1973. It operates 129 stores in six states: Upstate New York, Vermont, Connecticut, Massachusetts, New Hampshire, and Pennsylvania. It operates stores under the Price Chopper, Market Bistro, and Market 32 banners.
The Stop & Shop Supermarket Company, known as Stop & Shop, is a regional chain of supermarkets located in the northeastern United States. From its beginnings in 1892 as a small grocery store, it has grown to include 406 stores chain-wide.
Building #19 was a New England chain of discount closeout retailers that operated from 1964 until it declared bankruptcy in 2013. At the time of its bankruptcy, it had thirteen stores. The family that owned the chain later reopened two of the former locations as a part of a new business, The Rug Department, that was limited to rugs and related merchandise. However, these locations in Norwood and Burlington closed in 2014.
Cumberland Farms, colloquially known as Cumby's, is a regional chain of convenience stores based in Westborough, Massachusetts, operating primarily in New England, New York and Florida. Cumberland Farms operates 566 retail stores, gas stations, and a support system including petroleum and grocery distribution operations in 8 states: Massachusetts, Rhode Island, Maine, New Hampshire, Connecticut, Vermont, New York, and Florida.
J. J. Newberry's was an American five and dime store chain in the 20th century. It was founded in Stroudsburg, Pennsylvania, United States, in 1911 by John Josiah Newberry (1877–1954). J. J. Newberry learned the variety store business by working in stores for 17 years between 1894 and 1911. There were seven stores in the chain by 1918.
Zayre was a chain of discount stores that operated in the eastern half of the United States from 1956 to 1990. The company's headquarters was in Framingham, Massachusetts. In October 1988, Zayre's parent company, Zayre Corp., sold the stores to the competing Ames Department Stores, Inc. chain. In June 1989, Zayre Corp. merged with one of its subsidiaries, The TJX Companies, parent company of T.J. Maxx, which still exists today. A number of stores retained the Zayre name until 1990, by which time all stores were either closed or converted into Ames stores.
Shaw's and Star Market are two American supermarket chains under united management based in West Bridgewater, Massachusetts, employing about 30,000 associates in 150 total stores; 129 stores are operated under the Shaw's banner in Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont, while Star Market operates 21 stores in Massachusetts, most of which are in or near Boston. Until 2010, Shaw's operated stores in all six New England states, and as of 2021 Shaw's remained the only supermarket chain with stores in five of the six, after it sold its Connecticut operations. The chain's largest competitors are Hannaford, Market Basket, Price Chopper, Roche Bros., Wegmans, and Stop & Shop. Star Market is a companion store to Shaw's, Shaw's having purchased the competing chain in 1999.
Ocean State Job Lot is an northeastern American chain of discount closeout retailers founded in Rhode Island in 1977. In addition to its origin state, it operates stores throughout the Northeastern United States, including Connecticut, Massachusetts, Pennsylvania, New Hampshire, Vermont, Maine, New York, and New Jersey. The company is headquartered in North Kingstown, Rhode Island.
Revco Discount Drug Stores, once based in Twinsburg, Ohio, was a major drug store chain operating through the Ohio Valley, the Mid-Atlantic states, and the Southeastern United States. The chain's stock was traded on the New York Stock Exchange under the ticker symbol RXR. Revco was sold to CVS Pharmacy for $2.8 billion in February 1997. When it was sold, the chain had over 2,500 stores.
Spag's was a discount department store on Route 9 in Shrewsbury, Massachusetts. The store was considered an early pioneer of discount retailing and was notable for its longtime resistance to accepting charge cards, offering plastic shopping bags, and shopping carts.
Lechmere was a Massachusetts-based chain of retail stores that closed in 1997. At the time of its closing, it had 27 stores, including 20 in New England. The chain offered electronics, appliances, and various household goods. It also had locations in New York and the Southeastern United States.
Phar-Mor was a United States chain of discount drug stores, based in Youngstown, Ohio, and founded by Michael "Mickey" Monus and David Shapira in 1982. Some of its stores used the names Pharmhouse and Rx Place. Low prices were advertised to bring in a large volume of sales with the slogans "Phar-Mor power buying gives you Phar-Mor buying power" and "Phar-Mor For Less." Another common slogan in their TV commercials was "Power buying saves: Save at Phar-Mor."
Chapel Hills Mall is an enclosed shopping mall located in Colorado Springs, Colorado, United States, with 562,733 square feet (52,280 m2) of gross leasable area. The anchor stores are AMC Theatres, Dick's Sporting Goods, Dillard's, H&M, and Macy's. There are two vacant anchor stores that Burlington and Gordmans occupied before closing.
Bob's Stores is a chain of retail stores in the northeastern United States owned by GoDigital Media Group. Founded as Bob's Surplus in Middletown, Connecticut, by Robert "Bob" Lapidus in 1954, the chain expanded gradually until it was acquired by TJX Companies in 2003 and has been reacquired twice more since then. The chain targets moderate-income customers with a selection of footwear, workwear, teamwear, and activewear.
J.M. Fields was a discount department store chain based in Salem, Massachusetts.
Sleepy's was a retail mattress chain with over 1,000 stores, primarily situated in the northeastern United States. The company was founded in New York City in 1931. Sleepy's was acquired by Mattress Firm in December 2015 and all stores were rebranded under the Mattress Firm name on January 1, 2017, but the website continued as an online retailer until 2018. Mattress Firm now uses the Sleepy's name for their private label mattresses.
Hannaford is an American supermarket chain based in Scarborough, Maine. Founded in Portland, Maine, in 1883, Hannaford operates stores in New England and New York. The chain is now part of the Ahold Delhaize group based in the Netherlands, and is a sister company to formerly competing New England supermarket chain Stop & Shop.
Arlan's was an American discount store chain.
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