|
McCrory Stores Corporation was a five and dime〔''Chain Stores Do Record Business'', Wall Street Journal, April 16, 1923, pg. 1.〕 which became insolvent during the Great Depression, filing for bankruptcy in 1933.〔''McCrory Stores'', Wall Street Journal, January 17, 1933, pg. 7.〕 The chain store competed successfully with the F. W. Woolworth Company and S. H. Kress during the 1920s.〔 McCrory Stores Corporation was incorporated in 1915 as a successor to the J.G. McCrory Company. Its primary offices were at 1107 Broadway (Manhattan).〔''McCrory Stores Admit Bankruptcy'', New York Times, January 15, 1933, pg. 10.〕 ==Expansion, then failure== One of the firm's policies was to acquire locations whenever property could be found at a reasonable purchase price. In November 1925 approximately 2/3 of its stores were leased, with the remainder owned by a subsidiary, the McCrory Realty Corporation. The retailer's gross sales approached $30,000,000 by the mid-1920s, when it operated 187 stores.〔''McCrory Stores Business Grows'', Wall Street Journal, November 6, 1925, pg. 9.〕 With 244 retail units in its chain, the company admitted bankruptcy in January 1933. Aside from New York City, McCrory's maintained stores in Philadelphia, Pennsylvania, Pittsburgh, Pennsylvania, Washington, D.C., and other eastern United States and southern United States cities.〔 The Irving Trust Company of Newark, New Jersey was named an ancillary receiver (legal) for McCrory's on January 16, 1933.〔''McCrory Receiver Named in Jersey'', New York Times, January 17, 1933, pg. 35.〕 J.G. McCrory went on to found McCrory Stores. 抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)』 ■ウィキペディアで「McCrory Stores Corporation」の詳細全文を読む スポンサード リンク
|