Merry-Go-Round (retailer)

Merry-Go-Round
Public[1]
Industry Retail
Founder Leonard Weinglass[1]
Harold Goldsmith[1]
Headquarters Joppa, Maryland, United States[1]
Number of locations
 536 stores (1996)[2]
Area served
 North America
Products Clothing
Parent Merry-Go-Round Enterprises, Inc.

Merry-Go-Round was a national clothing retail chain owned by Merry-Go-Round Enterprises, Inc., that thrived from the 1970s through the early 1990s. The chain fell into bankruptcy during the mid 1990s, and eventually ceased operation in 1996.[2] It was famous for its ability to profit from short-lived fashion fads[1] and also owned men's clothing retailers Silverman's, by purchasing 273 stores from Retail Ventures, Inc. (RVI), parent of American Eagle Outfitters, in 1989. In 1993, it purchased the Chess King clothing chain from the Melville Corporation.[3] It filed for Chapter 11 bankruptcy in 1994 and closed in 1996. At its end, the company operated just over 500 locations,[2] primarily in enclosed malls.[1]

MainStreet.com listed it in 2011 among brand names "gone but not forgotten".[4]

References

  1. 1 2 3 4 5 6 "Merry-Go-Round Enterprises, Inc". Fundinguniverse.com. Retrieved December 10, 2011.
  2. 1 2 3 Steinhauser, Jennifer (February 3, 1996). "Bankrupt Merry-Go-Round Decides to Go Out of Business". The New York Times. NYTimes.com. Retrieved 2014-02-06.
  3. ↑ Dresser, Michael (March 18, 1993). "Merry-Go-Round to buy Chess King; Joppa-based retailer to grow nearly 50%". The Baltimore Sun. Retrieved 2014-03-28.
  4. ↑ Mont, Joe (August 15, 2011). "10 Brand Names Gone, But Not Forgotten". Mainstreet.com. Retrieved 2014-02-06.
  • "COMPANY NEWS; MERRY-GO-ROUND FILES ITS REORGANIZATION PLAN". The New York Times. February 24, 1995.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.