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Encyclopedia > Parisian
For other uses, see Parisian (disambiguation).
Parisian
Type Holding
Founded 1877 in Birmingham, Alabama
Headquarters Rochester Hills, Michigan
No. of locations 3
Industry Retail
Products Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares
Parent Bon-Ton*
Slogan "You're Somebody Special"
* Future use of the nameplate may also be available to Belk, which purchased most Parisian locations.

Parisian is a specialty department store chain in the Detroit, Michigan metropolitan area, currently operating in three suburban locations in Livonia, Rochester Hills, and Clinton Township [1]. The trio of store locations, operated by Bon-Ton Stores, Inc., are a remnant of a much larger chain, from which many locations under the ownership of Belk were converted in September 2007. An official grand re-opening of the Parisian stores rebranded as Belk took place on September 12, 2007. The Bon-Ton-owned store location in Clinton Township, Michigan, a property which Bon-Ton had acquired while it remained under development, is the most recent Parisian location to open — on October 18, 2007 — and the first since these ownership changes. Look up Parisian in Wiktionary, the free dictionary. ... 1877 (MDCCCLXXVII) was a common year starting on Monday (see link for calendar). ... Nickname: Location in Jefferson County in the state of Alabama Coordinates: , Country State County Jefferson, Shelby Government  - Mayor Bernard Kincaid (D) Area  - City  151. ... Rochester Hills is a city in Oakland County of the U.S. state of Michigan. ... Official language(s) None (English, de-facto) Capital Lansing Largest city Detroit Largest metro area Metro Detroit Area  Ranked 11th  - Total 97,990 sq mi (253,793 km²)  - Width 239 miles (385 km)  - Length 491 miles (790 km)  - % water 41. ... Drawing of a self-service store. ... A holding company is a company that owns part, all, or a majority of other companies outstanding stock. ... The Bon-Ton Stores, Inc. ... Look up slogan in Wiktionary, the free dictionary. ... Belk, headquartered in Charlotte, North Carolina, is the United States largest privately held department store chain. ... The interior of a typical Macys department store. ... “Detroit” redirects here. ... Official language(s) None (English, de-facto) Capital Lansing Largest city Detroit Largest metro area Metro Detroit Area  Ranked 11th  - Total 97,990 sq mi (253,793 km²)  - Width 239 miles (385 km)  - Length 491 miles (790 km)  - % water 41. ... Livonia is a city located in the northwest part of Wayne County in the U.S. state of Michigan. ... Rochester Hills is a city in Oakland County of the U.S. state of Michigan. ... Clinton Charter Township, Michigan in Macomb County, Michigan ... The Bon-Ton Stores, Inc. ... Belk, headquartered in Charlotte, North Carolina, is the United States largest privately held department store chain. ... September 2007 is the ninth month of that year. ... is the 255th day of the year (256th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 291st day of the year (292nd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...


Founded in Birmingham, Alabama, Parisian has undergone a series of restructurings and mergers during its 130-year history, becoming a regional chain in the 1980s throughout much of the southeastern United States. Belk bought the department store chain from Saks Incorporated in a $285 million deal on September 30, 2006. In addition to closing a handful of the stores, Belk immediately resold five of the store locations in Michigan, Indiana and Ohio to Bon-Ton Stores, Inc. Bon-Ton had previously purchased five of Parisian's corporate siblings — Carson Pirie Scott, Bergner's, Boston Store, Herberger's and Younkers — in October 2005. Two other store chains sharing a parent with Parisian — Proffitt's and McRae's — were purchased by Belk three months earlier. Nickname: Location in Jefferson County in the state of Alabama Coordinates: , Country State County Jefferson, Shelby Government  - Mayor Bernard Kincaid (D) Area  - City  151. ... Saks Incorporated (NYSE: SKS) is an operator of department stores in the United States. ... Carson Pirie Scott & Co. ... Bergners is a major department store in central and northern Illinois, established in 1889 in Peoria, Illinois, and offering mid-line to higher end merchandise in their largest stores. ... The Boston Store is a major, mid-line department store in Milwaukee, Wisconsin, established in 1900. ... Herbergers is a department store chain in the Midwestern United States. ... Exterior of the Younkers store at Jordan Creek Town Center in West Des Moines, Iowa Younkers is a department store chain in the Midwestern United States. ... This article or section does not cite its references or sources. ... McRaes is a department store chain based in Jackson, Mississippi. ...

Contents

History

Beginnings

The original Parisian store was founded in 1877 in Birmingham by sisters Bertha and Estella Sommers under the name Parisian Dry Goods & Millinery Company.[2] The Sommers sisters moved the store three times and sold it in 1911 to Louis Gelders and G. W. Beringer, who renamed it The Parisian Company. Lauren Bloch, the store's general manager, bought it in 1918 and renamed in Bloch's Parisian. Nickname: Location in Jefferson County in the state of Alabama Coordinates: , Country State County Jefferson, Shelby Government  - Mayor Bernard Kincaid (D) Area  - City  151. ...


Carl Hess, a German immigrant, and William Holiner bought the store in the early 1920s and moved it to a larger building in Birmingham in 1928. The Great Depression pushed the company into receivership and near demise in 1932, though it emerged and grew in the 1940s and 1950s.


Emil Hess (son of Carl Hess) and Lenny Salit (son-in-law of William Holiner) developed a credit program in the 1950s, and the store was one of the first in the country to offer free gift wrapping, free shipping and a liberal return policy.


Parisian opened a second store in 1963, a suburban store that was an immediate hit. The company opened the third store in nearby Vestavia in 1965 and the fourth in Eastwood Mall in 1969.


In the 1970s, Parisian added stores in Huntsville, Montgomery and Florence, Alabama.


In the 1980s, Parisian anchored major mall developments, including Bel Air Mall in Mobile (1984) and Madison Square Mall in Huntsville (1984).


Growth of Parisian in the 1980s and 1990s

Parisian's owners took the company public in 1983, raising $22.5 million for expansion. A second offering in 1986 raised an additional $18 million. Parisian expanded into Dothan, Pensacola, Chattanooga and Atlanta.


Hooker Company, an Australian investor, bought Parisian in 1988 for $250 million and pledged $125 for an aggressive store expansion. Hooker filed for bankruptcy during the late 1980s economic downturn. Donald Hess, who had taken over operations from father Emil Hess, bought Parisian back and — heavy with debt — sold a 45 percent interest to Lehman Brothers in 1990, which injected $35 million into the company.


Parisian opened nine new stores 1992 and opened five more stores in 1993, stretching its footprint into Detroit and Nashville.[3]


Acquisition by Proffitt's in 1996

In 1996, Proffitt’s Inc. bought 38-store Parisian for $200 million and assumed Parisian's $250 million debt. Proffitt's, which had acquired Younkers and McRae's two years before, also acquired G.R. Herberger's in 1996. In 1997, Proffitt's included five brands: 19 Proffitt's stores, mostly in Tennessee; 29 McRae's stores in Alabama and Mississippi; 48 Younkers stores, mostly in Iowa and Wisconsin; 40 Parisian stores; and 39 Herberger's stores, concentrated in the Midwest.


Proffitt's continued to make acquisitions, buying the Carson Pirie Scott chain of 52 stores in the Midwest in 1997 and Brody's in North Carolina in 1998. Proffitt's bought Saks Fifth Avenue for $2.1 billion in 1998, which included 100 Saks stores and 40 discount Off 5th outlet stores, and changed its own name from Proffitt’s, Inc. to Saks Incorporated.[4] Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. ... Saks Incorporated (NYSE: SKS) is an operator of department stores in the United States. ...


At its height, Saks Incorporated operated more than 250 medium to high-end department stores under its Saks Fifth Avenue Enterprises group, the Parisian division, the Northern Department Store Group (Younkers, Herberger's, Carson Pirie Scott, Bergner's, Boston Store), and its Southern Department Store Group (Proffitt's and McRae's) — plus more than 50 Club Libby Lu specialty shops. Exterior of the Younkers store at Jordan Creek Town Center in West Des Moines, Iowa Younkers is a department store chain in the Midwestern United States. ... Herbergers is a department store chain in the Midwestern United States. ... Carson Pirie Scott & Co. ... Bergners is a major department store in central and northern Illinois, established in 1889 in Peoria, Illinois, and offering mid-line to higher end merchandise in their largest stores. ... The Boston Store is a major, mid-line department store in Milwaukee, Wisconsin, established in 1900. ... This article or section does not cite its references or sources. ... McRaes is a department store chain based in Jackson, Mississippi. ... Club Libby Lu is a chain of stores primarily targeted to tween girls. ...


Sale of Parisian to Belk in 2006 and conversion

Belk, Inc., a privately held department store chain based in Charlotte, purchased the Proffitt's and McRae's stores from Saks on March 8, 2006, and immediately converted them to the Belk nameplate. On August 2, 2006, Belk announced the $285 million purchase of Parisian — 38 Parisian department stores, a 125,000 square foot administrative/headquarters facility in Birmingham, Alabama, and a 171,000 square foot distribution center in Steele, Alabama — from Saks. Belk, headquartered in Charlotte, North Carolina, is the United States largest privately held department store chain. ... Steele is a town located in St. ...


On February 2, 2007, the company further announced plans to change its share of Parisian stores over to the Belk nameplate by September 12, 2007. [5] With the Parisian transaction complete, Belk operates 315 stores in 19 states. [6] is the 255th day of the year (256th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...


During March 2007, elements of Parisian's operations such as its website were incorporated into those of Belk. Parisian's Steele distribution center closed by the end of the same month, eliminating 84 jobs. Another phase of transition involved conversion of private brands such as Parisian Signature and Parisian Bébe, beginning in June and continuing throughout the summer.


Signage and marketing for the Belk-owned store locations displayed the Belk name by September 1, 2007. is the 244th day of the year (245th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ...


Sale of Parisian store locations to Bon-Ton in 2006

On October 25, 2006 Belk announced the $22 million sale of four Parisian stores and rights for the construction of a fifth store to The Bon-Ton Stores, Inc. The store locations included: Belk, headquartered in Charlotte, North Carolina, is the United States largest privately held department store chain. ... The Bon-Ton Stores, Inc. ...

  • Livonia, Michigan - Laurel Park Place - 148,800 sq. ft.
  • Rochester Hills, Michigan - Meadowbrook Village - 120,500 sq. ft.
  • Beavercreek, Ohio - Fairfield Commons - 130,200 sq. ft. - now an Elder-Beerman.[7]
  • Indianapolis, Indiana - Circle Centre - 144,000 sq. ft. - formerly the L. S. Ayres flagship store - now a Carson Pirie Scott.[8]
  • Clinton Township, Michigan - The Mall at Partridge Creek - 120,000 sq. ft. (opened October 18, 2007; first new location under new ownership)

The sale closed on October 31, 2006.[9] At that time, Bon-Ton operated 282 stores in 23 states under the Bon-Ton, Bergner's, Boston Store, Carson Pirie Scott, Elder-Beerman, Herberger's, Younkers and Parisian nameplates. [10] Bon-Ton announced plans on March 13, 2007, to close two Bon-Ton stores in New York.[11] ... Elder-Beerman is a U.S. chain of department stores founded in 1883 and owned by The Bon-Ton. ... Outside of Circle Centre, by Nordstrom, Carson Pirie Scott and Bentleys Circle Centre is a large indoor shopping mall located in downtown Indianapolis (just around the corner from the Soldiers and Sailors Monument). ... L. S. Ayres & Company was an Indianapolis, Indiana, department store founded in 1872 by Lyman S. Ayres and taken over by his son Frederic in 1896. ... Carson Pirie Scott & Co. ... The Mall At Partridge Creek is a proposed open-air shopping mall in Clinton Township, Michigan. ... The Bon-Ton Stores, Inc. ... Bergners is a major department store in central and northern Illinois, established in 1889 in Peoria, Illinois, and offering mid-line to higher end merchandise in their largest stores. ... The Boston Store is a major, mid-line department store in Milwaukee, Wisconsin, established in 1900. ... Herbergers is a department store chain in the Midwestern United States. ... Exterior of the Younkers store at Jordan Creek Town Center in West Des Moines, Iowa Younkers is a department store chain in the Midwestern United States. ...


The two Bon-Ton-owned Parisian stores in Michigan — Laurel Park Place in Livonia, and another location in Rochester Hills — have continued the Parisian nameplate [12] and the Clinton Township store which opened October 18, 2007 is presently identified as a Parisian.[13] Unlike retailers such as Belk and Macy's, which have consolidated acquisitions into a unified brand, Bon-Ton has not announced plans to consolidate its brands into one or a handful of nameplates. Currently, the Rochester Hills store location serves as the corporate headquarters for Bon-Ton's Parisian division. Belk, headquartered in Charlotte, North Carolina, is the United States largest privately held department store chain. ... Macys is a chain of American department stores with its flagship store in Herald Square, New York City, which has been billed as the worlds largest store since completion of the Seventh Avenue addition in 1924. ... The Bon-Ton Stores, Inc. ...


Belk and Bon-Ton have not made completely clear whether the Parisian nameplate will continue in any form or which company owns the right to open future stores with the Parisian name beyond Bon-Ton's Partridge Creek store. Parisian has become the third nameplate Bon-Ton operates within Michigan, in addition to seven Elder Beerman and nine Younkers locations.[14] For its part, Belk's earlier stated intent to convert all of its Parisian stores to the Belk nameplate in the third quarter of 2007 has now been completed. Belk also currently retains usage of the parisian.com domain name, thereby making it the lone exception among Bon-Ton nameplates which introduced a new e-commerce platform on October 15, 2007. Upon the conversion in its home state of Alabama, Parisian joined Pizitz, Loveman's, Yielding's, and Blach's on the list of extinguished Birmingham department store retailers. The term domain name has multiple related meanings: A name that identifies a computer or computers on the internet. ... Electronic commerce, EC, e-commerce or ecommerce consists primarily of the distributing, buying, selling, marketing, and servicing of products or services over electronic systems such as the Internet and other computer networks. ... is the 288th day of the year (289th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... Pizitz was a major regional department store chain centered in Birmingham, Alabama. ... Lovemans included two separate Southeastern department store chains with the same name. ...


Point of interest

  • Jon Coffelt, while living in Birmingham, Alabama was commissioned by Jim Mitchell to paint over 100 works for the Parisian Department Store chain beginning in 1988 which helped launch his career considerably as a visual artist. Coffelt currently lives and works in Manhattan.

Jon Coffelt born (May 16, 1963) is an American artist who lives and works in Manhattan in the Financial District of New York City, New York. ... Nickname: Location in Jefferson County in the state of Alabama Coordinates: , Country State County Jefferson, Shelby Government  - Mayor Bernard Kincaid (D) Area  - City  151. ... This article is about the U.S. State. ... Year 1988 (MCMLXXXVIII) was a leap year starting on Friday (link displays 1988 Gregorian calendar). ... Many times, the term art is used to refer to the visual arts. ... For other uses, see Manhattan (disambiguation). ...

References

  1. ^ http://www.shoppartridgecreek.com/IM/storedetail.html?store=Anchor2
  2. ^ http://www.belkandparisian.com/timeline.html
  3. ^ http://www.answers.com/topic/parisian-wordnet
  4. ^ http://www.answers.com/topic/proffitt-s
  5. ^ http://www.belkandparisian.com/press/2007-02-02.html
  6. ^ http://phx.corporate-ir.net/phoenix.zhtml?c=110111&p=irol-newsArticle&ID=890941
  7. ^ http://www.insideindianabusiness.com/newsitem.asp?ID=21268
  8. ^ http://www.simon.com/mall/directory.aspx?ID=163
  9. ^ http://www.bonton.com/investor_relations/pr103106.asp
  10. ^ http://www.bonton.com/investor_relations/pr102506.asp
  11. ^ http://www.bonton.com/investor_relations/pr031307.asp
  12. ^ http://www.bonton.com/investor_relations/pr020807.asp
  13. ^ http://www.freep.com/apps/pbcs.dll/article?AID=/20070306/NEWS04/703060362/1006
  14. ^ http://news.bonton.com/apps/storelocator/searchresults_popup.asp?d=130&state=MI

Additional resources

  1. ^  , Merchandising "Saks Incorporated Annual Report (Parisian)". SEC Filing, 10 April 2006.
  2. ^  ""The Look" Parisian Fall 2006 Catalog". Parisian., September 2006.
  3. ^  , Merchandising "For new owner, Parisian is 'bon'". IndyStar.com, 26 October 2006.

External links

  • Saks Incorporated corporate website
  • Belk official website
  • Belk & Parisian merger information website
  • Parisian corporate history
v • d • e
Store Conversions to Belk
2007: Parisian    2006: Proffitt's | McRae's

  Results from FactBites:
 
Parisian: Information from Answers.com (3624 words)
Parisian Company was in the enviable position among retail stores to make development plans for almost any suburban mall become a reality.
Parisian's Steele distribution center is also scheduled to close by the end of the same month, according to an earlier announcement by Belk, eliminating 84 jobs.
The two Bon-Ton-owned Parisian stores in Michigan (Laurel Park Place in Livonia and another location in Rochester Hills) have continued the Parisian nameplate[11] and the Clinton Township store expected to open in October 2007 is presently identified as a Parisian.
Parisian™ font family : MyFonts (106 words)
Parisian™ is a Bitstream font family with 1 style priced from $24.75.
In 1928, the application of pure geometric form to sanserifs and slabserifs was in full swing.
Morris Fuller Benton applied geometry to the Modern letterform to arrive at Parisian and Broadway for ATF.
  More results at FactBites »


 

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