ames department store

Ames - Augusta ME. Our Product Lines will be good quality name brand products at the right price. With this move, Ames doubled its number of stores for the second time in three years to become the third-largest American discount store operator. Publication date 1997-01-01 Topics Ames, Department, Stores, Retail, United States, Chain, Stores Collection opensource Language English. In January of 1972, fourteen years after its founding, Ames made its first major acquisitions: the Joseph Leavitt Corporation and the K & R Warehouse Corporation. The company filed for bankruptcy protection on August 20, 2001. To further streamline itself and sharpen its focus on its largest and most recent purchase, Ames sold off its G.C. Neisner Brothers, which was in Chapter 11 bankruptcy and reorganization, operated 32 stores in New York and Florida. Web site: http://www.lechtersonline.…, Dairy Mart Convenience Stores Inc These policies enabled the company to establish an unbroken record of profitability since its inception, and eight straight years of growing sales and earnings. In addition, Ames switched Zayre’s apparel merchandise from inexpensive but fashionable items to basic goods, alienating traditional Zayre customers. The Gilmans took the name of their store from the name of its site’s old tenant, the Ames Worsted Textile Company. The Ames mission is to provide quality products for family and home at discount prices; provide a convenient and efficient shopping experience; achieve a sustainable competitive advantage; build and sustain strong supplier partnerships. Ames - Claremont NH. The key to a company turnaround was a refocus on Ames’s traditional customers—people in the lower middle income sector. All of the company’s retail properties were located in small towns or near highways that were easily reached by people living in the surrounding areas. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Would you like to Join Our  Ames Family?. Ames Chairman and CEO Joseph R. Ettore in announced that the discount chain would close all 327 … Ames Department Stores hours and Ames Department Stores locations along with phone number and map with driving directions. International Directory of Company Histories. The company focused on setting up stores in smaller towns in rural areas. In 1993 Paul Buxbaum was named chairman, while Joseph Ettore was named president and CEO in June 1994 following the resignation of Thorner. In January the company submitted a tentative plan for reorganization to the court. Most Reviewed. Ames Department Store - Monroeville. Below are some of them. WALMART STORE AMES. Finally, on April 25, 1990, Ames was forced to file for bankruptcy, seeking protection from its creditors in Chapter 11 reorganization. Best Match. About 55 percent of the company’s sales came from hard goods, and the rest were in soft house wares and apparel. Some of its properties had been sold to pay creditors, leaving 42 King’s department stores, and $98 million in tax credits. We are going to pickup some areas of the past. Ames Department Store Survivors has 326 members. Please invite anyone who's interested to join! These moves helped Ames to incorporate its new properties more fully into the company. . As the economy of the Northeast, where nearly half the company’s stores were located, further slowed, Ames gradually saw its high hopes for its Zayre stores grow dimmer. Target Stores - Pharmacy. For advertising, the company relied on direct-mail campaigns sent to carefully selected shoppers who lived near Ames stores. Despite the poor results from the Zayre stores, Ames executives were resolved to stick with their original plan of converting the stores to the traditional Ames model. In March 1981, the company remodeled its original Massachusetts store, adding 20 percent more display space for higher quality goods and new products. Ames Chairman and CEO Joseph R. Ettore in announced that the discount chain would close all 327 store locations leaving 22,000 unemployed. In some cases, this formula succeeded in raising sales by as much as 50 percent. When unexpectedly poor sales made it impossible to pay for past purchases, Ames found itself unable to buy needed merchandise from its suppliers. In December 1992 continuing weak results and large operating losses caused Ames’s board of directors to oust Pistner. Für alle Bedeutungen von AMES klicken Sie bitte auf "Mehr". Electronics. (January 12, 2021). Buy At Your Local Retailer. International Directory of Company Histories. Despite this setback Ames planned further expansion, plotting 12 percent growth for each year left in the decade. Ames Transportation Systems, Inc.; AMD, Inc.; Ames Realty II, Inc.; Zayre New England Corporation (50%); Zayre Central Corporation (50%). A disastrous acquisition of faltering giant Zayre in 1988 caused Ames … The new Ames operated 309 stores in 14 states, a drastic reduction from its peak of 678 stores. Delores Ellen Presock Pratt. Buying AMES® Tools online is super easy! Ames Department Stores Inc. was a chain of discount stores founded in 2985 in Rocky Hill, Connecticut and at its peak operated 700 stores in 20 states. Although the Zayre purchase enabled Ames to begin operating stores in such promising markets as Florida and Illinois, overall the move was risky. When this formula proved profitable, the Ames company was incorporated in 1962. At the end of that year, Ames could look back on a promising pattern of growth, as sales rose more than 25 percent TOTAL: 296 Closed discount stores, home centers and other retail stores in ME, NH, and VT. Only known retail chains. Its largest purchase, of nearly 400 Zayre stores, coincided with a downturn in the economy of its core states and drove the company into bankruptcy. Closure/Bankruptcy: In March 1999, Ames closed 8 stores. . In addition, the company was able to secure a $250 million loan from a New York bank that allowed it to make essential cash outlays, such as meeting its payroll and paying utility bills. By late April 1990 Ames was staggering from continued poor sales at its Zayre operations, as well as the debt burden brought on by the large purchase and the costs of converting stores. In the spring of 1986, Ames brought its clothes for the warmer months to stores late in the selling season and as a result was forced to mark down much of the merchandise, depressing earnings for that period. Free shipping. Initially, the company also planned to retain all Zayre personnel, although, ultimately, it estimated that 10 to 15 percent of Zayre’s unprofitable stores would be closed. King, Resa W., “Now Ames Is a Big-League Retailer,” Business Week, June 10, 1985. Along with these items, racks and bins of marked-down items were found in the stores. Lechters, Inc. To continue its upward path, Ames began a process of renovating its stores, in hopes of improving its sales per square foot of retail space. Ames Stores Alumni has 1,246 members. ." We’re aware that these uncertain times are limiting many aspects of life. By targeting lower middle income and older customers with smaller-size stores (averaging 60,000 square feet versus the 100,000 of the competition), Ames appeared to have carved out a unique niche that allowed it to compete with the national discounters. 1 Cape May Street International Directory of Company Histories. The company’s elimination of the Zayre credit card and its lack of heavy advertising also cut into sales. “T love to buy when its unfashionable and everything is in disarray,” Ames’s chairman told the Wall Street Journal at the time. A specialist in retail corporate turnarounds replaced him and began the long process of digging Ames out of the hole created by its Zayre purchase. Lot of Approx. Improvements included new paint, better lighting, and more attractive displays, as well as a computerized cash register system meant to speed up transactions and improve inventory control. All Stores > Ames Department Stores Locations & Hours ; 1 Ames Department Stores - Lafayette 2500 … Many abandoned Ames locations remain vacant and represent eyesores and economic development challenges for local communities like Medina. the chain that ran from 1958-2002. While Ames already operated in many of these areas, its stores were primarily located in rural areas, while Zayre’s strength was in urban zones. Byrne, Harían S., “Ames Department Stores, Inc.,” Barron’s, October 16, 1989. Ames Department Store Pin Box. The Gilmans took the name of their store from the name of its site’s old tenant, the Ames Worsted Textile Company. Most online reference entries and articles do not have page numbers. The stores sell brand name and other quality merchandise at discount prices, from locations in rural communities, small cities, and suburbs of metropolitan areas. Grant general stores into the company fold. Furniture Stores. You can also be an honorary member if you just miss Ames. which Ames eliminated as a cost-cutting measure. In deference to this heritage and to the brand loyalty of many of Zayre’s urban customers, Ames announced in February 1989 that the company would not change the names of 61 profitable inner city Zayre stores to “Ames.” Eight months later, however, on October 26, 1989, it did reopen 254 other old Zayre stores as refurbished Ames stores. Buy AMES® tools at your local hardware store or at an authorized online retailer. Get directions, reviews and information for Ames Department Stores in Camp Hill, PA. Ames Department Stores 3431 Simpson Ferry Rd Camp Hill PA 17011. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). Delivery. Ames, which bought Hills Stores Co. of Massachusetts in 1998, became the nation's fourth-largest discount retail chain behind Wal-Mart, Kmart and Target. Buy Online. Learn what worklife at Ames Department Stores is really like by reading real anonymous reviews by current and former employees. Therefore, it’s best to use Encyclopedia.com citations as a starting point before checking the style against your school or publication’s requirements and the most-recent information available at these sites: http://www.chicagomanualofstyle.org/tools_citationguide.html, 2418 Main StreetRocky Hill, Connecticut 06067-2598U.S.A. Most of the time, there's a bigger dinosaur or whippersnapper hoping to gain ground by getting those … The new Ames operated 309 stores in 14 states, a drastic reduction from its peak of 678 stores. Login; Signup; Ames Department Stores Locations & Hours near San Francisco. U.S.A. (860) 257-2000Fax: (860) 257-2168Web site: http://www.amesstores.com, Public Company Incorporated: 1962Employees: 36,400Sales: $2.51 billion (1998)Stock Exchanges: NASDAQTicker Symbol: AMESNAIC: 45211 Department Stores. Zayre had its own history as one of the oldest and best-known American retail chains. Prices were kept low all the time, rather than being set high and then reduced for periodic sales. Please invite anyone who's interested to join! After this success, the company embarked on a program to update its other properties, scheduling two more stores for overhauls in the next nine months, and eight others for renewal in 1982. In each of its acquisitions, Ames bought a struggling company then worked to turn around its operations. Additional cost-cutting measures were announced in 1991, as Ames continued to work on a plan to pay off its creditors under the watchful eye of the bankruptcy court. Manufacturers were refusing to ship the company merchandise, and bankers were refusing to lend it any more money. In addition, the company ran 20 variety stores, most of which were located in Florida. Ames then worked to turn around its operations, and proved largely successful in this endeavor. In early 1990 Ames closed an additional 15 of the older Zayre stores, most of which were located near other Ames outlets. We do not keep any of your Vital Information on or off our site, Ames Department Stores uses PayPal for your checkout process.. K - Tool International||Tool - Accessories, K - Tool International Compressors & Tools, Scotch® Magic™ Tape In Dispenser, 3/4" x 300". Founded in 1958 by two brothers, Ames Department Stores became the nation’s fourth largest discounter with over 700 stores in 20 states. Instead, however, the company found that shoppers were “cherry picking” bargains and then leaving, causing Ames to report losses of $91.4 million over its third quarter of 1992. After this success, the company embarked on a program to update its other properties, scheduling two more stores for overhauls in the next nine months, and eight others for renewal in 1982. Ames Department Stores hours and Ames Department Stores locations along with phone number and map with driving directions. Because the Zayre name was so well known in the areas where it operated, Ames planned to keep the name for a certain period of time while it converted the stores to the more efficient Ames operating standards, which included a large number of refurbished store properties, lower prices and less reliance on sales to move merchandise, and a smaller selection of goods in some departments. In addition, the sale of the Murphy properties allowed the company to pay off some of the high interest debts incurred in the purchase of Zayre. Ames Dept Store is a retail company based out of Arterial Plz, Gloversville, New York, United States. Telephone: (314) 342-6300 Despite some success in its later years, Ames was plagued by debt and a slow decline in sales and went out of business in 2002. Wenn Sie unsere englische Version besuchen und Definitionen von Ames Department Stores, Inc. in anderen Sprachen sehen … Rare Vintage Ames Department Store Bomber Style Jacket Advertising NEW XLARGE $219.99. 27 +. Encyclopedia.com. Following Pistner’s ouster, Peter Thorner, who had been CFO and executive vice-president, was named president and CEO on an acting basis and began running the company in concert with an oversight committee consisting of three board members. Shop Ames Department Store ames department store masks designed by carcinojen as well as other ames department store merchandise at TeePublic. ." By this time Ames had recovered sufficiently to risk venturing back into the acquisition realm. The company ended the year with losses of $228 million. About Ames Department Stores . AMES DEPARTMENT STORE. Ames - Belmont NH. Lisanti, Tony, “Ames May Be a ‘What Went Right’ Story,” Discount Store News, November 23, 1998, p. 11. Murphy Company, a discount department store chain based in Pennsylvania. These modifications resulted in a sales increase of 25 percent. Box $10.0. York, Pennsylvania 17405 In addition, the company began the process of converting the Murphy stores to the Ames model, as it reconfigured operating systems, methods, and procedures. If you have any comments or suggestions please let us know. Although this kept profit margins higher, the company’s prices proved uncompetitive in a discount department store bargain war. Children's Clothing. We have a great online selection at the lowest prices with Fast & Free shipping on many items! . Ames Department Stores Inc. will begin liquidation sales Sunday at its remaining 327 stores in the Northeast, mid-Atlantic and Midwest, ending a 44-year run for the Rocky Hill, Conn.-based chain. Ames began in 1958 out of a warehouse in Southbridge, Massachusetts as a store that attempted to bring department store goods to rural areas affordably. Department Stores. It planned to use this money to upgrade and replenish the merchandise of its remaining stores. Find 339 listings related to Ames Department Stores in Cleveland on YP.com. Johannes, Laura, “Ames, Hit by Slow Sales over Holiday, to Close 17 Stores, Lay Off Over 1,000,” Wall Street Journal, January 15, 1996, p. A5. Our Product Lines will be good quality name brand products at the right price. Despite this unexpected gain, Ames’s profits remained low because sales for the spring quarter of 1989 proved disappointing. Features. See reviews, photos, directions, phone numbers and more for Ames Department Store locations in … As the economy of the Northeast, where nearly half the company’s stores were located, further slowed, Ames gradually saw its high hopes for its Zayre stores grow dimmer. In starting out their business, the Gilmans sought to fill a niche in the retail industry that had hitherto been ignored. The company ended the year with losses of $228 million. Harrison, New Jersey 07029 Oscars Best Picture Winners Best Picture Winners Golden Globes Emmys STARmeter Awards San Diego Comic-Con New York Comic-Con Sundance Film Festival Toronto Int'l Film Festival Awards Central Festival Central All Events While Ames already operated in many of these areas, its stores were primarily located in rural areas, while Zayre’s strength was in urban zones. This expansion came at a price, however, as Ames’s debt grew temporarily to 80 percent of the company’s worth. The addition of Hills beefed up the Ames presence in New York, Ohio, Pennsylvania, and West Virginia, and added the states of Illinois, Indiana, Kentucky, North Carolina, and Tennessee to its territory. Finally, on December 20, 1992, a bankruptcy judge approved Ames’s plan to leave Chapter 11. Show open only . Most all of its former locations have been washed over or occupied by succeeding retailers with only minor remnants to remain. To further streamline itself and sharpen its focus on its largest and most recent purchase, Ames sold off its G.C. In addition, the company began the process of converting the Murphy stores to the Ames model, as it reconfigured operating systems, methods, and procedures. §§ 101 et seq. Ames Department Store, is an old name with new fresh ideas and out looks about business. These moves helped Ames to incorporate its new properties more fully into the company. Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Their acquisition brought the number of stores Ames had acquired during the 1970s to 47; the company, however, soon closed ten stores in the New York area. Opens in 7 h 35 min. Tosh, Mark, “Ames Battles Against the Odds,” Women’s Wear Daily, September 20, 1995, p. 6. In August 2001, Ames closed another 47 stores. The company had introduced a policy of offering deeply discounted items to bring customers into stores, with the expectation that, This is Ames Department Sto... A discount store giant on the American east coast. For its money, Ames got 392 stores located in the Northeast, the South, and the Great Lakes states. Six years later, the company continued its expansion through acquisition when it purchased the Davis Wholesale Company for $1 million, bringing 13 W.T. Within three months of its purchase of Murphy, Ames closed or sold 130 of the chain’s unprofitable stores in an effort to make its unwieldy purchase profitable. 1100 North Market Street In addition, the sale of the Murphy properties allowed the company to pay off some of the high interest debts incurred in the purchase of Zayre. With Robin Leach, Frank Sarracino, Jake Williams. (501) 376-5200 Public Company Incorporated: 1929 as S. Gru…, Dillard Department Stores Inc Friends and ex-coworkers who used to work at any now defunct Ames Department Stores, stores, distribution center or corporate office. (January 12, 2021). Fax: (314) 342-4473 Growing desperate, Ames opened its stores on Thanksgiving day, in hopes of boosting sales. Nevertheless, it appeared that Zayre’s traditional core of customers was eschewing the remade stores. In October the company announced that it would close 77 more stores and lay off 4,500 more employees after the holiday season. In addition, Zayre had brought customers into stores with periodic deep discount sales, which were heavily promoted in newspapers and mailed circulars. In their early days and even through the 1980s, Ames was located primarily in rural northeastern towns. As Ames moved into the mid-1990s, its managers vowed to concentrate on basic discount retailing and to rebuild the company’s strength through slow, steady growth and customer service. You can also be an honorary member if you just miss Ames. Opens in 7 h 35 min. See reviews, photos, directions, phone numbers and more for Ames Department Store locations in … Among the most pressing tasks in consolidating Zayre and Ames operations was merging management staffs. While today's shoppers turn to Saks, Neiman Marcus, and Macy's for everything from prom dresses to electronics, not long ago, they were spending money at now-defunct department stores like Hecht's, Ames, and Marshall Field's. Hours may fluctuate. After these reductions, Ames became the nation’s fourth-largest discount retailer, with 693 stores in 20 states running from the Northeast, out to Illinois, and then down to the South. The Zayre properties were sold below their theoretical value as a result of their recent history of large losses. The department store chain reported net sales for the second quarter of $586.5 million, down from $689.7 million for the corresponding period a year ago. Little Rock, Arkansas 72201 The grand reopening was supported by a multimillion-dollar television advertising campaign featuring the slogan,“We grew up with better values.” In addition, the company planned further renovations of these stores in the near future. Five discount stores and one variety store had been opened in the last year. If you're ready for a trip … In November 2001, Ames closed 16 more stores and a distribution center. Telephone: (973) 481-1100 Enfield, Connecticut 06082 Cover story ), discount Merchandiser, March 23, 1998, pp purchases, Ames ’ hiding. Or works cited list by wells, helen $ 11.55 oldest and best-known American retail chains nature! 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