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Revision as of 21:46, 19 March 2007
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Company type | former subsidiary of Federated Department Stores (1929) |
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Industry | Retail |
Founded | 1881 |
Headquarters | Brooklyn, New York, New York |
Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares. |
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Abraham & Straus (or A&S), now defunct, was a major New York City department store, based in Brooklyn, New York. Federated Department Stores eliminated the A&S brand shortly after its 1994 acquisition of R.H. Macy & Co. Most A&S stores took the Macy's name, although a few became part of Stern's, a Federated division that was based in Paramus, New Jersey, and offered lower-end goods than did Macy's or A&S.
Early History
The first Brooklyn store, opened in 1865, was 25 feet by 90 feet, and was at 285 Fulton Street, which Abraham Abraham, age 22, opened with Joseph Wechsler with $5,000 contributions each. After the opening of the Brooklyn Bridge, Abraham studied a store nicknamed Wheeler's Folly at 422 Fulton Street and bought it. In 1893, Wechsler retired and Isidor Straus (of R.M.S. Titanic fame ) and Nathan Straus joined the company, with the name becoming Abraham & Straus. The Straus' had run the leased china department; the brothers later gained control of Macy's . The company that year had 2,000 employees, and that year A&S also made Abraham's son-in-law, Simon F. Rothschild, son-in-law Edward Charles Blum and son Lawrence Abraham into partners. By 1900, the company had 4,650 employees. From the 1890s to the 1920s, A&S utilized a system of catalog store agencies across Long Island to serve customers.
Beginning in 1928, the company embarked on a $7.8 million expansion of the Fulton Street Store, which included excavating a new basement without disturbing customers above. The renovated store opened October 10, just days before the Wall Street Crash of 1929. In 1929, the company also joined Filene's, Lazarus and Bloomingdale's to form Federated Department Stores. To economize during the Depression, the company began scheduling employees according to hourly sales. In addition, all employees took a 10 percent pay cut. No employees were laid off.
In 1937, Walter N. Rothschild led the company, and would be president and chairman until 1955. Following Rothschild, Sidney L. Solomon became the company's first non-family president. At the time, the company had 12,000 employees. The company grew after World War II. Its first new branch store opened in 1952 in Hempstead, following the 1950 purchase of Loeser's Garden City store. In the following decades, the company the company expanded throughout the New York metropolitan area.
Historic A&S Store
From the beginning, the company had high aspirations. In 1885, the company hired architect George L. Morse to work on the Fulton Street store. For their 1928 to 1930 renovations and additions, the company hired architects Starrett & Van Vleck to build an Art Deco addition that faces Fulton, Hoyt and Livingston Streets. In 2003, the Brooklyn Heights Association and the Municipal Art Society put the building on a list of 28 historic buildings in downtown Brooklyn that needed to be protected.
Timeline
- 1865 - Founded in Brooklyn as Wechsler & Abraham by Abraham Abraham and Joseph Wechsler
- 1893 - The Straus family, who acquired a general partnership with Macy's department stores in 1888, buys out Joseph Wechsler's interest in Wechsler & Abraham, changing the store's name to Abraham & Straus. While Abraham & Straus did not become a part of Macy's, the two stores did share an overseas office and maintained close ties.
- 1929 - Federated Department Stores, Inc. is formed as a holding company by several family-owned department stores, including Abraham & Straus and F&R Lazarus (along with its Cincinnati-based subsidiary, Shillito's) and Filene's of Boston. Corporate offices established in Columbus, Ohio, later moved to Cincinnati.
- 1992 - Federated Department Stores, merges with Allied Stores Corporation. A consolidation of the A&S and Jordan Marsh divisions results in the A&S/Jordan Marsh division, headquartered in Brooklyn, NY. Early in the new year, Macy's files for protection under Chapter 11.
- 1994 - Federated Department Stores acquires the now bankrupt R.H. Macy & Co. and combines Macy's, headquartered in New York City, with A&S/Jordan Marsh.
- 1995 - The name Abraham & Straus is dropped in favor of the more widely known name Macy's, and Macy's East is formed. Other A&S locations were converted to Stern's.
Former locations
Connecticut
- New York-Newark-Bridgeport Combined Statistical Area
New Jersey
- New York-Newark-Bridgeport Combined Statistical Area
- New York-Northern New Jersey-Long Island Metropolitan Statistical Area
- Edison Metropolitan Division
- Eatontown - Monmouth Mall (became Stern's 1995, closed 2001, now Boscov's)
- Woodbridge Township - Woodbridge Center (opened 1971, closed 1995, sold to Sears)
- New York-White Plains-Wayne Metropolitan Division
- Paramus - Paramus Park (opened 1974, became Macy's 1995)
- Newark-Union Metropolitan Division
- Short Hills - The Mall at Short Hills (opened 1981, became Macy's 1995)
- Edison Metropolitan Division
- New York-Northern New Jersey-Long Island Metropolitan Statistical Area
New York
- New York-Newark-Bridgeport Combined Statistical Area
- New York-Northern New Jersey-Long Island Metropolitan Statistical Area
- New York-White Plains-Wayne Metropolitan Division
- Brooklyn - Fulton Street (flagship)) (opened 1865, became Macy's 1995)
- Manhattan - A&S Plaza (later known as Manhattan Mall) (Originally Gimbel's Flagship store, Building converted to A&S Plaza, 1988, Stern's 1995, closed 2001)
- Nanuet - Nanuet Mall (opened 1994, became Stern's 1995, closed 2001, now Boscov's)
- Queens-Rego Park - Queens Center (opened 1973, became Macy's 1995)
- White Plains - Galleria at White Plains (opened 1980, became Stern's 1995, Macy's 1996)
- Yorktown Heights - Jefferson Valley Mall (opened 1983 as Read's, became Jordan Marsh 1987, Abraham & Straus 1992, Macy's 1995)
- Nassau-Suffolk Metropolitan Division
- Carle Place - Carle Place furniture store (freestanding) (opened 1971 as Abraham & Straus, became Macy's Furniture/Clearance 1995)
- Garden City - Roosevelt Field (opened 1992, closed 1995, converted to Bloomingdale's, relocated from Garden City freestanding store)
- Garden City - 855 Franklin Avenue (converted to outlet 1992, closed 1995)
- Hempstead - Hempstead Avenue (freestanding) (opened 1952, closed 1992) demolished in 2000, now site of Home Depot
- Huntington Station - Walt Whitman Mall (opened 1962, became Macy's 1995)
- Lake Grove - Smith Haven Mall (opened 1969, became Stern's 1995, closed 2001, demolished 2005)
- Manhasset - 1100 Northern Boulevard (freestanding; on the Miracle Mile) (opened 1965, became Macy's 1995)
- Massapequa - Sunrise Mall (now Westfield Sunrise) (opened 1973, became Stern's 1995, closed 2001, now Wal-Mart location)
- Valley Stream - Green Acres Mall (opened 1986 as Abraham & Straus in former Gimbels location, became Macy's 1995)
- New York-White Plains-Wayne Metropolitan Division
- New York-Northern New Jersey-Long Island Metropolitan Statistical Area
Pennsylvania
- Philadelphia-Camden-Vineland Combined Statistical Area
- Philadelphia-Camden-Wilmington Metropolitan Statistical Area
- Philadelphia Metropolitan Division
- King of Prussia - The Court at King of Prussia (opened 1981, closed 1987 and sold to Strawbridge & Clothier, closed 1995 in favor newly acquired former Wanamaker's store, converted into mall expansion space 2001, section now called 'Pavilion' at King of Prussia)
- Willow Grove - Willow Grove Park (opened 1981, closed 1988 and sold to Strawbridge's, closed 2006, lower two floors becoming Boscov's)
- Philadelphia Metropolitan Division
- Philadelphia-Camden-Wilmington Metropolitan Statistical Area
References
"...And Paramus Makes Ten," internal history published on opening of Paramus Park store, 1974.
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