caldor locations massachusetts caldor locations massachusetts

By the 1970s, discount retailers like Caldor, Kmart, Wal-Mart, and Korvette were quickly stealing market share from more conventional retailers, such as department stores and specialty stores. Lot's of Phil Collins listening up and down those aisles. This veteran store was one of the first stores in the Northeast in 1978 and survived a wave of Boston-area closures in 2006. ''Long Island is great for our upscale discount market,'' Mr. Kuller declared. For example, the firm puts the rents for stores of 70,000 to 100,000 square feet for stores in good locations at $10 to $13 a square foot, up about $1 from last year. According to the Long Island Regional Planning Board, the median income in 1979 was $28,445 in Nassau County and $24,195 in Suffolk County. While Caldor's growth during the early 1980s seemed impressive, ADG failed to profit from the acquisition as it had hoped, and Caldor became a drag on its bottom line. Despite its early entrance into the retail discount store industry, Caldor faced stiff competition from both old and new competitors. From 1956 to 1990, Zayre's offered clothing, footwear, bedding, furniture, jewelry, beauty products, kitchen spices, electronics, toys, and housewares. Stores in choice locations -- in densely populated areas with strong demographics and next to and visible from major highways -- will be snapped up quickly, said Mr. Schnurr of Grubb & Ellis. St. James Press, 1996. My mother's favorite! There are 74 Caldor outlets in Connecticut, New Hampshire, Massachusetts and New York. ''It is way for growing companies to get into a tight market in a much quicker and less expensive way '' said Mr. Schultz. In fact, rapid expansion, the absence of a defined growth strategy for the chain, and ADG's general lack of expertise in discount retailing had resulted in mediocre profitability by the mid-1980s. Caldor's steadily improving financial performance, combined with a strengthening retail sector in the mid-1990s, made those goals plausible. In cases where the Caldor stores in his company's centers are taken over by a new retailer at a rent that ''is out-of step with today's market,'' he said, there is room to renegotiate certain aspects of the lease that pertain, for example, to rents based on sales volume. BJ's Wholesale Club came out of Zayre Corp. I've distorted the colors to bring it out a little better. I could probably tell you the difference in smell between Caldor and Bradlees. Discount giants Kmart and Wal-Mart, for instance, both began aggressively vying for market share in Caldor's traditional stomping grounds. That year, ADG acquired Caldor, and, although Caldor lost its independence, Bennett was retained under a five-year management contract, as were several other executives, including Kirby. And Kmart, of Troy, Mich., put in a bid for 11 stores. At its height, the company operated 64 supermarkets in Massachusetts, New Hampshire, Maine, and Connecticut. Importantly, he initiated an emphasis on soft lines, particularly clothing, thus diminishing the chain's extreme concentration on hard goods. ''Some merchants who survived because Caldor was a weak competitor will need to work more aggressively or lose out to the new competition,'' he said. Listen up, folks! then turn left onto Caldor Rd. Probably not, because all cigarette smoke smells the same . Finally, Clarke and Balmuth made plans to increase the average size of the stores and changed the Caldor logo and color schemes. In addition, Eugene Ferkhauf had started his chain of Korvette discount stores just a few years earlier. By the early 1980s, however, the retail discount industry was becomingly increasingly competitive and, therefore, consolidated. Similarly, net earnings soared past $34 million in 1992. Through its chain of Caldor discount stores, the company sold nearly $2.5 billion worth of goods and employed a work force of more than 20,000 in 1994. More. During the same period, ADG continued to expand through other retail holdings, such as Loehmann's, a department store retail chain. They reduced the number of managers in each store and used the payroll reductions to lower prices. Did you ever shop at Caldor? Caldor expanded rapidly beginning in the early 1980s to become the fifth largest discount chain in the nation by the early 1990s. Stanley Schuckman of the Schuckman Realty Company in Jericho, L.I., helped Caldor lease the Riverhead, Rocky Point and Ronkonkoma stores. Caldor (previously Dogtown) Caldor, he added, is considering leasing more Long Island stores as well. 4. To support its growth plans, Caldor constructed a 508,000-square-foot distribution facility in New York and began the installation of a major computer information support system, which went on line in 1993. Caldor T Manic panic hair dye. Likely candidates are other so-called big-box users, including discounters like Target, Ames and Bradlees, the latter two of which worked themselves out of bankruptcy. From New Hampshire . The Caldor Shopping Center is located in Hampshire County, Massachusetts, United States. It now operates under the name Curtain & Bath Outlet and has five Carl's brother, Harry, was also involved, handling Caldor's real estate dealings from its inception into the mid-1980s. We want to help you find great companies. In a $537 million leveraged buyout, an investment group named Odyssey Partners borrowed heavily to buy the 120-store Caldor chain. ''We had been looking at the Long island market for some years, and the opportunity presented itself to take a package of stores and enter the community in a coherent fashion.'' Even as Caldor closes its stores, other national and regional retailers continue to expand in or enter the state, said Jonathan Schultz, president of the Schultz Organization, a brokerage in Woodbridge. Landlords with stores in less than prime spots ''will have to become creative and come up with adaptive reuses,'' he added. We want to make it crystal clear that we're not Caldor, Inc. or any other big-shot company trying to sell you stuff. Caldor's improved appearance complemented its more competitive prices and new product mix. Below is shown the table of main cities with the corresponding distances[1] of the main cities from Caldor Shopping Center (MA) measured both in kilometers and in miles. The first choice would be to lease the space to a single user or to two smaller anchors and ''fill in everything else from there,'' he said, noting that the alternative was to carve up the space for multiple smaller uses. By 1963, Caldor had stores in Peekskill, NY, and Danbury, Hamden, CT, Norwalk, and Riverside, CT, in addition to the original location in Port Chester, NY. Staying true to its belief in the benefits of regionalization each new store was planned in close proximity to Caldor's headquarters. Attracted to the company's growth potential and low debt, Associated Dry Goods (ADG) made a bid for Caldor in 1981. Clarke's first move at Caldor was to squelch the ambitious growth plans made by its former parent, ADG, which had planned to double Caldor's outlets to 200 by 1990 and to boost revenues past the $2 billion mark. WebDon't tell anyone since you shouldn't buy stuff from an out-of-business store. Competition from big box stores drove the small regional discount retailer out of business in the northeast Was this review helpful? The place is catalogued as Locale by the U.S. Board on Geographic Names and its elevation above sea level is equal to 397ft. In cases where the stores are on two stories or have a basement level, he said his firm would do what it had done many times before: lease that space to complementary uses like health clubs or day care centers. Lechmere. The centers are in Paramus, West Orange, Woodbridge, Watchung and North Brunswick. The centers are in Paramus, West Orange, Woodbridge, Watchung and North Brunswick. During 1988, Caldor added only three new stores, bringing its total to 119. Evidencing the continuing trend toward industry consolidation, May Department Stores Co. purchased ADG in 1987 in a stock swap valued at $2.7 billion. Opening in 1913 and closing in 1997, Lechmere had a good run. Many of Caldor's competitors, including Korvette, were pushed out of the market or absorbed into larger retail chains during the late 1970s. Caldor, which is owned by the Associated Dry Goods Corporation, the department store holding company, has thrived by selling brand-name quality merchandise at discount prices to customers of middle to upper incomes. A major U.S. retail powerhouse headquartered in the Midwest, May Department Stores had a reputation as an aggressive, profitable retailer. But let's be real, we can't guarantee that everything we sell is 100% accurate, reliable, or suitable for your needs. Some, like Kohl's, as well as Wal-Mart and Kmart, are looking to grow by picking up some of the leases on the stores left behind by Caldor. The Berkshire Mall had one when it opened in 1988. Search and view in Google Maps points of interest such as: museums, churches, hospitals, railway stations, restaurants, petrol stations, post offices, pharmacies ) located near Caldor Shopping Center (MA): The text of the current page is available under the license {cc by-sa/3.0}, for the maps refer to the license {OpenStreetMap.org}, attention! Shhh, you found us! Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. Caldor tagged 14 new stores onto its portfolio during 1993 and completed 20 more renovations; by the end of 1994, more than 80 percent of Caldor's stores were newly constructed or recently renovated. The future of the stores in those centers will signal what impact, if any, Caldor's bankruptcy will have on the state's retail market, and on landlords like Levin. Privacy Policy. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Those additions represented the start of a plan to add a total of 60 new stores by 1995. Our entrance is up the hill on the right. This place just screams of 1987. Nothing. As a result of improvements, the company's stock price more than doubled between 1991 and 1994 to about $30 per share. ''History has shown that retailers have a limited life span, but as long as the location is viable and the economics are sound, life for the real estate goes on,'' Mr. Farber said. There are 74 Caldor outlets in Connecticut, New Hampshire, Massachusetts and New York. WebCaldor is out of business Manager (Former Employee) - Norwalk, CT - October 31, 2018 Caldor filed for chapter 11 on January 22nd, 1999. Caldor It remained focused on the East Coast, opening outlets in New York, Connecticut, Massachusetts, and New Jersey, among other states. Discount stores, in particular, benefitted, as consumers began to recognize the cost benefits associated with economies of scale. Yes, Throwing These Items Away Is Illegal In Massachusetts, MA Residents: This Venue is Worth The Trip Across the Border, In Massachusetts, Its Illegal to Carry Any Kind of These Your Truck Bed. $8.34/mo. Clarke and Balmuth remained focused on improving the performance of the chain and remodeling existing outlets. Not out-of-business, but not a business . Despite the recession, revenues jumped more than five percent in both 1990 and 1991 before rising more than ten percent during 1992. ''We've done very well in the Westchester County-Hudson Valley area. At the same, time Wal-Mart, the nation's largest retailer, which is based in Bentonville, Ark., was given the green light to buy 12 store leases for $75 million, none in New Jersey. By 1981, Bennett and his team had built Caldor into a major regional discount retail powerhouse on the East Coast. The satellite coordinates of Caldor Shopping Center are: latitude 4224'24"North and longitude 7238'13"West. In the Region / New Jersey; As Caldor Fades, Retail Market Is Unfazed, https://www.nytimes.com/1999/03/07/realestate/in-the-region-new-jersey-as-caldor-fades-retail-market-is-unfazed.html. Don't tell anyone since you shouldn't buy stuff from an out-of-business store. Under the control and financial backing of ADG, Caldor expanded at a rate of more than 20 new stores annually between 1981 and 1985. That, in turn, may ''slow development in the state, keeping supply in balance with demand,'' he said. Photo from SiteRide, taken mid-to-late 1990's. This was the first Connecticut store. For more on Caldor, look into these other studies and photo galleries. Always worth plugging our ever-resourceful buddy, Chris Fontaine and his outstanding Ames Fan Club. It that the big "H" next to the big "Q" bright green color not orange like Home Depot. Korvettes. Many of the home-improvement chain's 53 stores, 40 of them in New Jersey, were taken over by Staples, the office-supply store, said Mr. Schnurr, whose firm handled the disposition of the Rickel stores. The Caldor stores at Levin's other three centers are still up for grabs and Mr. Farber said his firm would be just as pleased if it got back those leases. In its key geographic areas, it maintained a dominant role in the upscale end of the discount market, which included brand- and quality-conscious consumers. When Caldor closed in 1995, Bradlees took over a few of its locations. It closed its remaining stores in 1995. "Where Service Is State of the Art". A U.S. economic recession that started in the late 1980s, moreover, threatened to hinder Caldor's gains. Keep scrolling to see if you can guess which icon belongs to which brand. I remember when my mother would pull into the "Child World" parking lot in Saugus, I wanted to buy the ENTIRE store. Take I-90E/MA Turnpike to Exit 13 for MA-30 W/Cochituate Rd. WebThe Caldor Shopping Center is located in Essex County, Massachusetts, United States. Becoming a actual brick and mortar store in 1984, by the early nineties, Circuit City was a huge consumer electronics retailer. Lee Koppelman, executive director of the Long Island Regional Planning Board, said, ''This area is a good retail market.'' By April 1999, most of the Caldor locations had sold off all their merchandise and closed their doors; the last store to close did so on May 15, 1999. At the time of the liquidation, Caldor employed over 24,000 people. [citation needed] More. "CCaldor Opens Stores in Hamilton, Bristol," Trentonian, January 28, 1993. Cooper, Jeanne Dugan, "Attn: K Mart Execs: Caldor Opens New Long Island Store," Newsday, July 27, 1990, p. During 1986, Clarke liquidated Caldor's bloated inventory--at a cost of $30 million--and began to reestablish a profitable mix of goods. Caldor is aware of demographic statistics that define Nassau and Suffolk Counties on Long Island as among the most affluent in the metropolitan area. In 1951, while shopping at an E. J. Korvette store in New York City, newlyweds Carl and Dorothy Bennett were inspired to open their own discount store that would be different from the average postwar discount retailer. They also stepped up their efforts to offer increasingly profitable soft lines, boosting sales of those items from 27 percent of revenues before the leveraged buyout to about 31 percent by 1990. 6. Its major holdings included Famous Barr, a chain of upscale department stores, and Venture, a retail discount chain similar to Caldor in both size and market positioning. WebCaldor, California. In addition, retailers who may not want to get involved with the bidding process -- waiting instead for the leases to go back to landlords -- are said to be eyeing the stores. The original enterprise consisted of a single tiny store for three years before a second small shop was added, marking the start of a chain expansion that would blanket the Northeast by the 1990s. WebCALDOR TO CLOSE DOORS Queensbury, New York Middletown and Newburgh, New York During 1992, Caldor added a total of eight new stores to its chain, bringing its total to 136. He concluded, ''It showed that even a loser could do well on the Island.''. ''In some ways the Island has acted as if there's been no national recession,'' Mr. Koppelman said. Just one, a Levin property in West Orange, is in the state. "Child World" was around from 1956-1992. Eleven of them are in New Jersey, including the two stores at Levin's centers. WHEN Caldor, the discount-store chain, announced in January that it was closing its 145 stores, including 28 in New Jersey, William A. Farber was struck by a sense of deja vu. I remember Lechmere being at the mall in Danvers or Peabody, I forget which, but this place was busy. Now it is faced with the same situation because Caldor anchors five of the company's centers, having replaced Korvettes in the 80's. . We see them around but we don't know what goes on behind the scenes. Clarke planned to step up expansion with the addition of 100 new stores by 1999, as well as to complete the renovation of all of its existing outlets. Nostalgia can be an amazing thing. 370 Western Ave Brighton MA 02135. The chain offered electronics, appliances, and varioushousehold goods. Discount retailer Caldor announced Tuesday it will close 12 stores in an effort to refocus business in key markets. WebThe Caldor Shopping Center is located in Hampshire County, Massachusetts, United Copyright 2023. Comic books. There's a fun fact for ya. Can You Get Arrested For Speeding In Massachusetts? They envisioned a business that would emphasize quality of merchandise over less desirable, lower cost wares at prices 10 to 40 percent below the manufacturers' suggested list p Sunglasses. Long Island's 19 Caldor locations, from Garden City east to Bridgehampton, I remember Lechmere being at the mall in Danvers or Peabody, I forget which, but this place was busy. Mr. Farber is chief operating officer at Levin Management Corporation of North Plainfield, which owns and manages 66 shopping centers, 45 of them, totaling nearly 4 million square feet, in New Jersey. THE CALDOR RAINBOW Our Photos On Flickr XISMZERO Sub-Administrators Expert Member Posts: 1,649 Location: Farmington, Connecticut Logged #1210 November 05, 2007, 12:29:15 PM Update: former Caldor in Groton, CT. They don't taste as good as you remember. In 1992, in fact, Caldor outbid other retailers to take control of six New York City stores that were being dumped by Alexander's, another retailer. This place just screams of 1987. As Bennett slowly expanded the chain during the 1960s and 1970s, Kirby managed the development of the company's hard goods mix, which accounted for the large majority of sales. Toys "" Us; Woburn, MA Toys "" Us; Woburn, Massachusetts. Named after a ship that was lost somewhere off Block Island in RI in 1806, Ann & Hope became quite a popular like a modern day Kohl'sin '70s and '80s. Earlier orders covered communities between Highway 50 and Highway 88, including Sly Park, Grizzly Flats, Happy Valley, Leoni Meadows and Caldor. Computerized systems were implemented to improve efficiency, and electronic scanning guns were installed at all of Caldor's registers. IN recent years Caldor Inc., the discount retailer based in Norwalk, Conn., has emerged as one of the country's soundest merchandising chains. His acute knowledge of Caldor's inventory and buying systems, combined with his knack for dealing with vendors, eventually earned him the title of vice-president of the company. In light of proliferating competition and general disenchantment with its discount operations, May decided to sell its discount chains in 1989 and to focus its energies entirely on its department stores. Instead, May wanted to concentrate on improving the financial performance of the chain. ONE negative, added Mr. Kraus of TKO, is what will happen once new retailers take over the Caldor stores. My mother's favorite! Source: International Directory of Company Histories, Vol. As consumers, we often take for granted all the hard work that goes into building a great company. Turn right onto Worcester Rd. 5. Changes achieved during the late 1980s significantly improved Caldor's performance. The 1960s and 1970s were good years for Caldor. The plan, he said, is to invest a total of $165 million to renovate all the stores and open them by the spring of 2000. Anyone can read what you share. There's a confirmed Caldor label scar still on the building! Real Estate; Caldor's Expansion Onto L.I. Nothing excites children like a toy store. There is a public Facebook group, Caldor store #69 Taunton, ma, where A key reason why analysts are optimistic is that the closing of Caldor stores, which average about 84,000 square feet, come at a time when the state's economy and retail market continue to be strong. Discount shopping baby! How well do you know the logos of 50 of the world's most famous companies? Doc Martens. WebShop the latest T-Mobile products at T-Mobile Worcester Rd & Caldor Rd in Framingham, Caldor Fire map at 9:30 a.m. Aug. 31, 2021. In contrast to some of its debt-laden peers, however, Caldor was buoyed both by its regional dominance and by its healthy balance sheet, both of which reflected Bennett's management style. Grant and E.J. Despite hefty capital expenditures, improved earnings allowed Caldor to steadily shave its long term debt load from about $350 million in 1989 to $272 million by 1993. Together, they would lug cases of motor oil and other goods into the store from the car and do whatever else was necessary to give the tiny store an advantage over its well-heeled competitors. Accessories. WebIt remained focused on the East Coast, opening outlets in New York, Connecticut, In fact, Korvette had served as an impetus for the Bennetts and even helped to pave the way for other discount retailers. Critics cited ADG's failure to market to young families. Opening in 1984 and closing in 1999, I just remember this place as Home Depot junior. And Long Island's unemployment rate of 5.9 percent, he said, is only about half the national rate. Clarke and Balmuth remained at the helm and continued to pursue a strategy of slow growth, while implementing new internal changes designed to add value to the company. They will be added to the six stores Kohl's already has in the state. As a subscriber, you have 10 gift articles to give each month. Clarke replaced the short-term successor to Bennett, who had left Caldor when his contract expired in 1985; Bennett and his wife, Dorothy, subsequently started a real estate consulting firm in Stamford, Connecticut. People familiar with Long Island real estate say commercial rates vary considerably there - from about $5 a square foot to $22 a square foot - depending on the store's location, age and condition, and whether it is in a shopping center. Webjust a place to find old friends that worked in the Taunton store. https://www.nytimes.com/1983/03/09/business/real-estate-caldor-s-expansion-onto-li.html. The 27-year-old Kirby knew that he was taking a huge risk by leaving his safe job--the chain was owned by Kirby's relatives--but he had a good feeling about Bennett and the new discount store concept. As the Woolco stores on Long Island were turned back to their landlords, Caldor quickly signed them up, according to Alan Kuller, its vice president for real estate development. He also shaped up Caldor's advertising and promotional programs and developed a plan to renovate Caldor's older stores. MR. FARBER said that was the plan at the Paramus center, a 270,000-square-foot community shopping strip anchored by a 130,000-square-foot Caldor store. "We'd run double-truck ads; customers would come and say, 'where's the rest of the store,"' Kirby recalled in the February 18, 1985 Discount Store News, stating that "If I had a brother I wouldn't have worked as hard as I did for Carl.". Taking over the Caldor leases is a logical move ''and allows us to enter the New York metropolitan area with a critical mass of stores,'' he said. Let's make this a fun and wonderful place to shop, buy some gifts, and enjoy the ride. WebAll locations T-Mobile Worcester Rd & Caldor Rd All products T-Mobile at T-Mobile Worcester Rd & Caldor Rd, Framingham, MA Smart Phones Smart Watches Hotspots & more Filtering by: Category 3 arrow_drop_down T-Mobile clear Sort by arrow_drop_down T-Mobile REVVL V+ 5G 565 Starting at $0.00/mo. learn how over 7,000 companies got started! Furthermore, Odyssey Partners was able to reduce its large debt load in 1991 through a public stock offering. Projections are that it will remain so at least through the end of the year. May had increased Caldor's earnings by more than 300 percent since 1986 and had gone a long way toward improving the competitiveness of the discounter. Ann & Hope Facebook. Revenues rose to a record $2.4 billion in 1993, and earnings hovered near a healthy $34 million. WebThis is a list of former Caldor locations in the USA Store Fanon universe. Bennett had also been careful to keep debt to a minimum, which reduced opportunities for expansion but helped to ensure solvency. We're just a bunch of enthusiasts (and maybe a few dummies) experimenting with ecommerce for our own personal enjoyment. Mr. Kuller declined to disclose details of the leases. For example, Sears, the largest retailer in the world at the time, operated a store across the street from Caldor's second outlet. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Contents 1 May named Don R. Clarke chief executive of Caldor and Marc Balmuth president, both of whom had formerly headed up May's successful Venture chain. They were the first to offer credit in the form of a charge account, as well.