Smith & Hawken was a garden lifestyle brand that operated retail stores, direct mail and e-commerce in the United States. On July 10, 2009, it was announced that all Smith & Hawken stores would cease operation. Smith & Hawken stores were located in upscale retail locations in 22 states.
Smith & Hawken was founded by Dave Smith and Paul Hawken in 1979, originally as a garden tool supplier. Their first retail store opened in 1982 in Mill Valley, California. Smith left the business in 1988. When Hawken retired in 1993, the company was acquired by a retail conglomerate, the CML Group, which sold it to DDJ Capital Management in 1999, after going bankrupt. The company was acquired by Scotts Miracle-Gro for $72 million (~$111 million in 2023) in 2004. [1] At the time of its closure, Smith & Hawken had approximately 700 employees in its stores and the Novato, California, headquarters. [2]
Scotts Miracle-Gro chairman and CEO, Jim Hagedorn, cited the continuing weak economy and "lack of scale" as the primary drivers behind Smith & Hawken's closure. According to Scotts' May 2009 quarterly report, Smith & Hawken net sales were down 22.4% for the first half of fiscal 2009.
Smith & Hawken's founders were reportedly not upset to learn the company they founded 30 years earlier was closing. The San Jose Mercury News reported that Dave Smith and Paul Hawken were relieved by the announcement, stating that "Scotts couldn't have been a worse corporate owner." Smith said he asked friends not to shop there after Scotts purchased the company in 2004. [3] [4]
On January 8, 2010, Target Corporation announced it acquired the Smith & Hawken brand. [5] [6]
Kmart, formerly legally registered as Kmart Corporation, now operated by Transformco, is a department store chain, and a current online retailer in the United States and its territories and operates five remaining Kmart big-box department stores — 3 in the US Virgin Islands and one each in Kendale Lakes, Florida ;and Tamuning, Guam.
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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.
Arcadia Group Ltd was a British multinational retailing company headquartered in London, England. It was best known for being the previous parent company of British Home Stores (BHS), Burton, Dorothy Perkins, Debenhams, Evans, Miss Selfridge, Topman, Topshop, Wallis and Warehouse. At its peak, the group had more than 2,500 outlets in the UK and concessions in UK department stores and several hundred franchises operated internationally.
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Payless ShoeSource Worldwide, LLC, is an American multinational 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. As of 2020, Payless is owned by a group of investors led by Alden Global Capital and Axar Capital Management.
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