 | |
| Industry | Retail |
|---|---|
| Founded | Highland Park, Michigan, 1933 |
| Founder | Harry Mondry |
| Defunct | 1993 |
| Fate | Liquidation |
Area served | Midwestern United States |
| Products | Consumer electronics and home appliances |
Highland Superstores was an American consumer electronics and home appliance chain. It was founded in 1933 as Highland Appliance by Harry Mondry in Highland Park, Michigan. By the end of the 1970s, the chain had 18 stores throughout the midwest with headquarters in Plymouth, Michigan. [1]
The chain went public in 1985 and had 84 stores, [2] at which point it was the second-largest American electronics retailer behind Circuit City. Despite its number of locations, the chain began to experience financial troubles in the late 1980s and early 1990s. [1] In 1990, Highland hired an investment firm to decide the chain's future. [3] At this point, it had also expanded into New York and Texas. [4] Upon fierce competition in Texas, they left the area in 1991 and announced they would concentrate on keeping their remaining 50 stores in the Midwest. [5]
Highland filed for Chapter 11 bankruptcy in August 1992, and liquidated its last 30 stores in 1993. [6]
References
- ^ a b Berg, Eric N. (29 April 1989). "An Electronics Chain's Sharp Slide". The New York Times. Retrieved 2014-03-27.
- ^ Berg, Eric N.; Times, Special To the New York (1989-04-29). "An Electronics Chain's Sharp Slide". The New York Times. ISSN 0362-4331. Retrieved 2023-11-18.
- ^ "Hard Times for Highland". Indianapolis Business Journal. highbeam.com. 31 December 1990. Archived from the original on 7 March 2016. Retrieved 2014-03-27.
- ^ "Stores Seeking Buyer or Partner". Lawrence Journal-World. 20 December 1990. p. 7B. Retrieved 2014-03-27.
- ^ "User account".
- ^ "Highland Superstores to Liquidate Assets". The New York Times. 17 March 1993. Retrieved 2014-03-27.
- Defunct consumer electronics retailers in the United States
- Defunct companies based in Michigan
- Defunct retail companies of the United States
- Companies based in Wayne County, Michigan
- Highland Park, Michigan
- 1933 establishments in Michigan
- 1993 disestablishments in Michigan
- Retail companies established in 1933
- Retail companies disestablished in 1993
- Companies that filed for Chapter 11 bankruptcy in 1992
|
| |
| Industry | Retail |
|---|---|
| Founded | Highland Park, Michigan, 1933 |
| Founder | Harry Mondry |
| Defunct | 1993 |
| Fate | Liquidation |
Area served | Midwestern United States |
| Products | Consumer electronics and home appliances |
Highland Superstores was an American consumer electronics and home appliance chain. It was founded in 1933 as Highland Appliance by Harry Mondry in Highland Park, Michigan. By the end of the 1970s, the chain had 18 stores throughout the midwest with headquarters in Plymouth, Michigan. [1]
The chain went public in 1985 and had 84 stores, [2] at which point it was the second-largest American electronics retailer behind Circuit City. Despite its number of locations, the chain began to experience financial troubles in the late 1980s and early 1990s. [1] In 1990, Highland hired an investment firm to decide the chain's future. [3] At this point, it had also expanded into New York and Texas. [4] Upon fierce competition in Texas, they left the area in 1991 and announced they would concentrate on keeping their remaining 50 stores in the Midwest. [5]
Highland filed for Chapter 11 bankruptcy in August 1992, and liquidated its last 30 stores in 1993. [6]
References
- ^ a b Berg, Eric N. (29 April 1989). "An Electronics Chain's Sharp Slide". The New York Times. Retrieved 2014-03-27.
- ^ Berg, Eric N.; Times, Special To the New York (1989-04-29). "An Electronics Chain's Sharp Slide". The New York Times. ISSN 0362-4331. Retrieved 2023-11-18.
- ^ "Hard Times for Highland". Indianapolis Business Journal. highbeam.com. 31 December 1990. Archived from the original on 7 March 2016. Retrieved 2014-03-27.
- ^ "Stores Seeking Buyer or Partner". Lawrence Journal-World. 20 December 1990. p. 7B. Retrieved 2014-03-27.
- ^ "User account".
- ^ "Highland Superstores to Liquidate Assets". The New York Times. 17 March 1993. Retrieved 2014-03-27.
- Defunct consumer electronics retailers in the United States
- Defunct companies based in Michigan
- Defunct retail companies of the United States
- Companies based in Wayne County, Michigan
- Highland Park, Michigan
- 1933 establishments in Michigan
- 1993 disestablishments in Michigan
- Retail companies established in 1933
- Retail companies disestablished in 1993
- Companies that filed for Chapter 11 bankruptcy in 1992