Franklin Simon & Co.

Franklin Simon & Co. was a New York City-based department store chain specializing in women's fashions and furnishings. The store was conceived as a collection of specialty shops rather than a traditional U.S. dry goods store. Each "shop" had a specialty product line, such as ready-to-wear apparel for women, misses, girls, boys, men, young men and infants.[1] When the chain closed in 1979, there were 42 stores.[2]

Franklin Simon & Co.
IndustryRetail
Founded1902
Defunct1979
FateBankruptcy
HeadquartersNew York, New York
Key people
Franklin Simon, founder
ProductsFashion apparel, shoes, accessories, and cosmetics
ParentCity Stores Company

History

The chain was founded in February 1902, as Franklin Simon Specialty Shops by Franklin Simon (1865-1934) and his business partner Herman A. Flurscheim.[3] Leroy C. Palmer became president of the company in 1934 at the death of Franklin Simon, and Benjamin Goldstein was the head of Franklin Simon until 1963. The store's concept was "to import much of his merchandise [from Europe] with a view to selling the imported goods as cheaply, if possible, as the domestic."[4]

In 1936, the chain was purchased by Atlas Corporation from the Simon family for $2 million.[5] In 1945, Franklin Simon & Co. was acquired by City Stores Company of Philadelphia. Oppenheim Collins & Company, Inc merged with Franklin Simon, but the two chains continued to operate under separate trade names and as separate divisions under the newly formed City Specialty Stores. In 1961/1962, City Stores changed the name of the Oppenheim Collins & Co. stores to Franklin Simon. City Stores filed for Chapter 11 bankruptcy in July 1979. Under the reorganization plan, City Stores closed the 42 Franklin Simon stores.[2]

In 1993, Dover Books on Costume reissued the "Franklin Simon Fashion Catalog for 1923".[6]

Flagship store

The main store was established in 1903, at 414 Fifth Avenue at 38th Street, the former home of Carrie Schermerhorn Astor, sister of John Jacob Astor, and her husband Marshall Orme Wilson. It was the first big Fifth Avenue store above 34th Street. The store closed in 1977.[7] A 280,000-square-foot (26,000 m2) building st 19th and Broadway, built in 1868-1877 as Arnold Constable Dry Goods Store, later became its flagship, and of W. & J. Sloane, another subsidiary of City Stores.

Branch stores

In 1932, Franklin Simon & Co. opened its first branch store in Greenwich, Connecticut.[8] Other early branch locations were at Westport, Connecticut, on the Boston Post Road, near the intersection of South Compo Road, and Manhasset, New York (on Long Island). There were also stores in The Swifton Center Cincinnati, Ohio, in the Highland Plaza shopping center in Memphis, Tennessee; Green Acres Mall in Valley Stream, New York; the Cross County Shopping Center in Yonkers, New York; Central Avenue in East Orange, New Jersey; and Livingston Mall, in Livingston, New Jersey. Founder Franklin Simon also operated a resort shop at Palm Beach, Florida, in 1932. Branch stores also operated in the Buffalo, New York, area.[9] Stores operated in the greater Cleveland area as well, on the West Side and at Shaker Square. When the chain closed in 1979, there were 42 stores.[2]

References
  1. Franklin Simon & Co., 2003 photograph of fading outdoor sign at 16 W. 38th Street, New York, with company history. (retrieved September 1, 2008).
  2. CSS Industries, Inc. - Company history (retrieved Sep 1, 2008.
  3. "H.A. Flurscheim Dies". The New York Times. August 20, 1914. Pioneer Dry Goods Merchant and Art Collector Was 63 Years Old. Flurscheim wed Miss Bella Goldsmith, of this city, in 1876. She died four years ago leaving five children who now survive him. They are Mrs. Ansel Strauss, Mrs. Otto Loeb, Mrs. Harry Cowen and Bernard and Harry Flurscheim.
  4. "Franklin Simon". The New York Times. October 5, 1934. Against a great name in the mercantile history of New York 'the fatal asterisk of death is set.' The long and successful business career of Franklin Simon, from its humble beginnings up, was marked by keen intelligence, persistent enterprise and absolute integrity.
  5. "Storekeeping Atlas". Time. October 12, 1936. Retrieved September 1, 2008.
  6. DoverPublications.com link for 1923 Franklin Simon catalog (retrieved Sep 1, 2008). Archived April 3, 2008, at the Wayback Machine
  7. Trager, James (2004) The New York Chronology: The Ultimate Compendium of Events, People, and Anecdotes from the Dutch to the Present, HarperCollins (p. 736). ISBN 978-0-06-074062-7
  8. "Fifth Avenue to Greenwich". Time. April 4, 1932. Archived from the original on September 8, 2009. Retrieved August 9, 2008.
  9. Rizzo, Michael F. (2007) Nine Nine Eight: The Glory Days of Buffalo Shopping Lulu Enterprises, Inc.; Morrisville, North Carolina. ISBN 978-1-4303-1386-1.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.