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Encyclopedia > Bradlees
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Bradlees
Fate Bankruptcy
Founded 1958
Defunct 2001
Location New London, Connecticut
Industry Retail
Products Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics and housewares.

Bradlees was a chain of discount department stores which operated primarily in the Northeastern United States. The chain went bankrupt in 2000 and all of its stores were closed by March 2001. Image File history File links A better logo for Bradlees File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Notice of closure stuck on the door of a computer store the day after its parent company, Granville Technology Group Ltd, declared bankruptcy (strictly, put into administration—see text) in the United Kingdom. ... Year 1958 (MCMLVIII) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... Nickname: Motto: MARE LIBERUM Coordinates: , NECTA Norwich-New London Region Southeastern Connecticut Settled 1646 (Pequot Plantation) Named 1658 (New London) Incorporated (city) 1784 Government  - Type Council-manager  - City council Margaret Mary Curtin, Mayor Kevin J. Cavanagh, Dep. ... Drawing of a self-service store. ... The interior of a typical Macys department store. ... Regional definitions vary The Northeastern United States is a region of the United States defined by the U.S. Census Bureau. ... Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ...

Contents

History

Beginnings

The first store was opened in New London, Connecticut in 1958. The company was acquired by grocery chain Stop & Shop in 1961, which owned the chain until 1992. Nickname: Motto: MARE LIBERUM Coordinates: , NECTA Norwich-New London Region Southeastern Connecticut Settled 1646 (Pequot Plantation) Named 1658 (New London) Incorporated (city) 1784 Government  - Type Council-manager  - City council Margaret Mary Curtin, Mayor Kevin J. Cavanagh, Dep. ... Year 1958 (MCMLVIII) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ... The Stop & Shop Supermarket Company is a chain of supermarkets located mostly in New England. ... Year 1961 (MCMLXI) was a common year starting on Sunday (link will display full calendar) of the Gregorian calendar. ... Year 1992 (MCMXCII) was a leap year starting on Wednesday (link will display full 1992 Gregorian calendar). ...

"Savings on the Good Stuff" was Bradlees's slogan created shortly before the chain's final bankruptcy.

Bradlees was also the site of many former Two Guys department store locations. Two Guys (stores had a discount dept. store and a grocery store together) was the Wal-Mart Supercenter of its day. This chain reigned extremly popular throughout New York and New Jersey in the 1960s and 1970s. Image File history File links Bradlogo2. ... Image File history File links Bradlogo2. ... The references in this article would be clearer with a different and/or consistent style of citation, footnoting or external linking. ... Wal-Mart Stores, Inc. ... “NY” redirects here. ... Official language(s) English de facto Capital Trenton Largest city Newark Area  Ranked 47th  - Total 8,729 sq mi (22,608 km²)  - Width 70 miles (110 km)  - Length 150 miles (240 km)  - % water 14. ... The 1960s decade refers to the years from January 1, 1960 to December 31, 1969, inclusive. ... The 1970s decade refers to the years from 1970 to 1979, also called The Seventies. ...


In the New York/New Jersey area, nearly all shopping centers that had Bradlees stores would also have a Stop & Shop in the same plaza, but this was abandoned when Stop & Shop decided to pull out of the New York/New Jersey market in the 1980s (And wouldn't return until the chain took over all the remaining Edwards stores in 2000-2001). “NY” redirects here. ... Official language(s) English de facto Capital Trenton Largest city Newark Area  Ranked 47th  - Total 8,729 sq mi (22,608 km²)  - Width 70 miles (110 km)  - Length 150 miles (240 km)  - % water 14. ... The Stop & Shop Supermarket Company is a chain of supermarkets located mostly in New England. ... The Stop & Shop Supermarket Company is a chain of supermarkets located mostly in New England. ... “NY” redirects here. ... Official language(s) English de facto Capital Trenton Largest city Newark Area  Ranked 47th  - Total 8,729 sq mi (22,608 km²)  - Width 70 miles (110 km)  - Length 150 miles (240 km)  - % water 14. ... This article does not cite any references or sources. ... The Stop & Shop Supermarket Company is a chain of supermarkets located mostly in New England. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ...


During the 1970s and early 1980s (and again in the late 1990s), Bradlees was known for its TV and print ads featuring the character "Mrs. B." (played by actress Cynthia Harris), depicted as the chain's buyer, who constantly searched for bargains to pass onto her customers. The 1970s decade refers to the years from 1970 to 1979, also called The Seventies. ... This article does not cite any references or sources. ... For the band, see 1990s (band). ... Cynthia Harris (born August 9, 1934 in New York, New York) is an American actress, known for her roles in L.A. Law, Edward and Mrs. ...


Bankruptcy and Closure

Bradlees had filed for Chapter 11 bankruptcy in June 1995 and closed down some underperforming stores in 1996. Some of those locations were turned into Ames. The company successfully exited from bankruptcy in February 1999 after making a decent profit through 1998 and early 1999. On December 26, 2000, the company announced that they once again filed for bankruptcy protection, with this just coming days before Montgomery Ward filed for Chapter 11. This time, executives of Bradlees said they were liquidating the entire company. Executives of Bradlees said it filed for bankruptcy protection because of a general economic downturn, including rising interest rates and higher gas and heating oil prices that have left customers with less disposable income. The executives also said new competition, unseasonable weather in the first half of 2000, and the tightening of trade credit contributed to its inability to operate profitably. Chapter 11 of the Bankruptcy Code governs the process of reorganization under the bankruptcy laws of the United States. ... Notice of closure stuck on the door of a computer store the day after its parent company, Granville Technology Group Ltd, declared bankruptcy (strictly, put into administration—see text) in the United Kingdom. ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... This article does not cite any references or sources. ... This article is about the year. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... This article is about the year. ... is the 360th day of the year (361st in leap years) in the Gregorian calendar. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... Chapter 11 is a chapter of the United States Bankruptcy Code which governs the process of reorganization under the bankruptcy laws of the United States. ... Montgomery Ward (later known as Wards) was an American department store chain, founded as the worlds first mail order business in 1872 by Aaron Montgomery Ward. ... Chapter 11 of the Bankruptcy Code governs the process of reorganization under the bankruptcy laws of the United States. ... Liquidation, or winding up, refers to a business whose assets are converted to money in order to pay off debt. ... An interest rate is the rental price of money. ... Income, generally defined, is the money that is received as a result of the normal business activities of an individual or a business. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ...


In an interview just before the chain closed, analyst Eric Beder of Ladenburg, Thalmann & Co. said "They really needed a perfect economy to get this thing moved", referring to the attempt at recovery after the restructuring of the company. "But the recent consumer spending slow down did not facilitate that environment", he said. Restructuring is the corporate management term for the act of partially dismantling or otherwise reorganizing a company for the purpose of making it more efficient and therefore more profitable. ...


In early January 2001, the chain started closing all their stores and the final store closed in March 2001. At the time of its liquidation, the company had 10,000 employees and 105 stores in 7 states. Many of its former store locations were purchased by Wal-Mart, although other locations became The Home Depot, Kohl's or Stop & Shop. One location in Broomall, Pennsylvania became a Giant Food, which, like Stop & Shop, is owned by Ahold. Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... Liquidation, or winding up, refers to a business whose assets are converted to money in order to pay off debt. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... Wal-Mart Stores, Inc. ... The Home Depot (NYSE: HD), headquartered in Atlanta, Georgia, is a big-box home improvement retailer that aims for both the do-it-yourself consumer and the professional in home improvement and construction. ... Kohls Corporation (NYSE: KSS) is an American department store chain headquartered in Menomonee Falls, Wisconsin, a suburb of Milwaukee. ... The Stop & Shop Supermarket Company is a chain of supermarkets located mostly in New England. ... Broomall is a census-designated place located in Delaware County, Pennsylvania. ... A GIANT of Carlisle Supermarket in Shillington, Pennsylvania. ... Ahold, (in full Koninklijke Ahold N.V., Royal Ahold N.V.), (Euronext: AH, FWB: AHO, NYSE: AHO, SWX: AHO) is a major international supermarket operator and foodservice company based in Amsterdam in the Netherlands. ...


When the Nasdaq Stock Market suspended trading in Bradlees stock, it closed at just under 22 cents. NASDAQ in Times Square, New York City. ... A stock market is a market for the trading of company stock, and derivatives of same; both of these are securities listed on a stock exchange as well as those only traded privately. ...


Locations

This list is incomplete; you can help by expanding it.
Locations  

Coordinates: Country United States State Pennsylvania Counties Lehigh and Northampton Founded 1741  - Mayor John B. Callahan Area    - City  19. ... Broomall is a census-designated place located in Delaware County, Pennsylvania. ... Glenolden is a borough located in Delaware County, Pennsylvania. ... Horsham is a census-designated place located in Montgomery County, Pennsylvania. ... This article needs additional references or sources for verification. ... Wal-Mart Stores, Inc. ... Norristown is a home rule municipality in Montgomery County, Pennsylvania, 6 miles (10 km) northwest of the city limits of Philadelphia, on the Schuylkill River. ... Nickname: Motto: Philadelphia maneto - Let brotherly love continue Location in Pennsylvania Coordinates: , Country Commonwealth County Philadelphia Founded October 27, 1682 Incorporated October 25, 1701 Government  - Mayor John F. Street (D) Area  - City 369. ... Pottstown is a borough in Montgomery County in the U.S. state of Pennsylvania. ... This article or section does not cite its references or sources. ... Ross Stores, Inc. ... Dicks Sporting Goods (NYSE: DKS) is the largest full-line sporting goods retailer in the world. ...

See also

This article does not cite any references or sources. ... This article does not cite any references or sources. ...

External links

  • First Bradlees Website--April 1998
  • Story on the closing of all 105 Bradlees Stores

  Results from FactBites:
 
Bradlees - Wikipedia, the free encyclopedia (361 words)
Bradlees was a chain of discount department stores which operated primarily in the Northeastern United States.
Bradlees had successfully exited Chapter 11 bankruptcy in 1999 only to go bankrupt again and close its doors in 2000.
Bradlees was also the site of many former Two Guys department store locations.
Reports place Bradlees on brink of bankruptcy (698 words)
Discount retailer Bradlees Inc. is on the verge of liquidation, which could put thousands of workers on the street, according to published reports.
The prospect of Bradlees closing its store in the Town of Wallkill, N.Y., was greeted with dismay by the owner of a neighboring liquor store.
Bradlees stock was trading at 21.87 cents a share at the close yesterday, down 16 cents.
  More results at FactBites »


 

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