|April 24, 2003
|Bankruptcy and liquidation
| New York City,
and Washington, D.C.
Today's Man (Ticker: TMAN) was a retailer chain of menswear.
Today's Man, Inc., was a chain of men's apparel stores that operated 25 retail stores in the New York City, Philadelphia, and Washington, D.C. metropolitan areas. They offered a wide selection of low-cost but good-quality merchandise. The store offered a large selection of suits in the price range between $50 and $200. In addition to suits, they also sold many other items like shirts, ties, socks, leather jackets, and belts.
During the 1970s, Today's Man grew steadily, and gradually, as the chain opened larger and larger stores. About one-third of all its clothing was private label. By 1990, Today's Man had converted all its existing stores to superstores and sales had reached $100 million. To continue expanding, raise working capital, and pay some debts, Today's Man became a public corporation in 1992 (symbol TMAN). The stock prospectus described the average superstore as having about 25,000 square feet (2,300 m2) with the following merchandise: 8,000 men's suits, 3,000 sports coats, 15,000 ties, 15,000 dress shirts, and 10,000 pairs of casual or dress pants.
In the early 1990s, as Today's Man entered the New York City area, it did well financially. Sales continued to increase until 1993, despite an overall negative trend in men's apparel. Starting in 1993, Today's Man experienced some real setbacks. By November 1995, the company had reversed its expansion position and began retreating. In early February 1996, the firm filed for Chapter 11 bankruptcy.A combination of soft demand for men's business attire, management's overambitious plans and mistakes, money problems, and tough competition led to Today's Man decline. The company continued to downsize and restructure but did not succeed. They went out of business on April 24, 2003.
Eddie Bauer, LLC is an American clothing store chain headquartered in Seattle, Washington. Eddie Bauer sells its merchandise via retail stores, outlet stores, and online and via phone, with a call center in Groveport, Ohio. Its flagship store is in Bellevue at Bellevue Square. In addition to the three sales channels, the company operates a distribution and fulfillment center in Groveport, Ohio; an IT facility in Westmont, Illinois; and a distribution center in Vaughan, Ontario. Eddie Bauer is also a minority participant in joint ventures in Japan and Germany that include retail stores, catalogs, and websites. The company also selectively licenses the Eddie Bauer brand name and logo for various products sold through other companies including eyewear, furniture, bicycles, and, up until the 2010 model year, upper level versions of Ford Motor Company's Bronco, Explorer, Expedition and Excursion SUVs.
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Waldenbooks, operated by the Walden Book Company, Inc., was an American shopping mall-based bookstore chain, from 1995 as a subsidiary of Borders Group. The chain also ran a video game and software chain under the name Waldensoftware, as well as a children's educational toy chain under Walden Kids. In 2011, the chain was liquidated in bankruptcy.
Caldor, Inc. was a discount department store chain founded in 1951 by husband and wife Carl and Dorothy Bennett. Referred to by many as "the Bloomingdale's of discounting," Caldor grew from a second story "Walk-Up-&-Save" operation in Port Chester, New York, into a regional retailing giant. Its stores were earning over $1 billion in sales by the time Carl Bennett retired in 1985, by which time Caldor was a subsidiary of Associated Dry Goods.
Shopko was a chain of department stores based in Green Bay, Wisconsin. All locations closed on June 23, 2019, with the exception of the Shopko Optical locations, which continue to operate.
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.
Tailored Brands, Inc. is an American retail holding company for various men's apparel stores, including the Men's Wearhouse and Jos. A. Bank brands. The company is headquartered in Houston, Texas, with additional corporate offices in Dublin, California and New York, New York.
Ernst Home Centers, Inc. was a chain of home improvement retail stores founded in Seattle, Washington, United States. Ernst was started in 1893 by Seattle brothers Charles and Fred Ernst and in 1960 became a division of Pay 'n Save, one of the largest retail companies in the Northwest. After a 1984 takeover of Pay 'n Save, Ernst was sold off and went public in 1994. Following several highly publicized lawsuits and a failed attempt to open larger stores, the company filed for Chapter 11 bankruptcy in 1996 and liquidated in early 1997. At the company's peak, it operated 95 stores in 12 western U.S. states.
Goody's Family Clothing Inc. was an American chain of department stores, owned and operated by Stage Stores and headquartered in Houston, TX. It specialized in retailing on-trend apparel, accessories, cosmetics, footwear, and housewares.
Spiegel was an American direct marketing retailer founded in 1865 by Joseph Spiegel. Spiegel published a catalog, like its competitors Sears and Montgomery Ward, which advertised various brands of apparel, accessories, and footwear, as well as housewares, toys, tools, firearms, and electronics. Their company brands included Newport News, Shape FX, and Old Kraftsman, among others. They also operated brick-and-mortar stores.
Fretter was an electronics and major appliance retailer based in Detroit, founded in the 1950s by Oliver "Ollie" Fretter.
Just For Feet Inc. was an athletic shoe and sportswear retail store chain headquartered in Birmingham, Alabama which became one of the largest and fastest growing athletic stores in the United States. In 2000, Footstar acquired Just For Feet. It closed its last store in 2004.
Ann Inc. is an American group of specialty apparel retail chain stores for women. The company headquartered in New York City and currently operates as a subsidiary of Ascena Retail Group. The stores offer classic-styled suits, separates, dresses, shoes and accessories. The brand is marketed under five divisions: Ann Taylor, Loft, Lou & Grey, Ann Taylor Factory, and Loft Outlet.
Wet Seal was an American fast fashion retailer, headquartered in Los Angeles, California. The retailer specialized in selling clothing and accessories. The company was founded in Newport Beach, California, by Lorne Huycke in 1962 as "Lorne's". The "Wet Seal" name is derived from a comment Huycke's wife made during a fashion show that a model wearing a bathing suit looked like a "wet seal." The company was incorporated as Wet Seal in 1990.
Steve & Barry's was an American retail clothing chain, featuring casual clothing, footwear and accessories. Headquartered in Port Washington, New York, the chain operated 276 stores in 39 states before liquidating throughout 2008 and 2009.
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Crown Books was a bookseller headquartered in Prince George's County, Maryland, with a Largo post office address. It was founded in the Washington, D.C., metro area by Robert Haft in 1977. Crown Books (retail) is of no relation to Crown Books (publisher), although the former carried inventory from the latter.
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.
Joseph Mimran is a Canadian fashion designer and entrepreneur, best known for founding the Club Monaco and Joe Fresh brands. He was also an investor on the Dragons' Den television series.