H. P. Wasson and Company

H.P. Wasson & Co.
Type Department store
Industry Retail
Founded 1874
Headquarters Indianapolis, Indiana
Products men's, women's and children's clothing, footwear, jewelry, beauty products, bedding, housewares and home furnishings.
Website None
H.P. Wasson & Company Building
Location: 2 W. Washington and 2 N. Meridian Sts., Indianapolis, Indiana
Area: less than one acre
Built: 1937
Architect: Rubush & Hunter; Graham, Anderson, Probst, & White
Architectural style: Art Deco
Governing body: Private
NRHP Reference#: 97001539[1]
Added to NRHP: December 24, 1997

H.P. Wasson and Company, aka Wasson's, was an Indianapolis, Indiana, based department store chain founded by Hiram P. Wasson. Its flagship store, the H.P. Wasson & Company Building, was built in 1937 and is listed on the U.S. National Register of Historic Places.

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History

H.P. Wasson bought the Bee Hive Drygoods Store in 1874, renaming it nine years later H. P. Wasson and Company. With the death of H.P. Wasson in 1910, and his son Kenard Wasson in 1912, the store was sold to Gustave Efromyson and Louis Wolf. The chain would eventually consist of seven stores with the flagship store located at 2 West Washington Street in downtown Indianapolis.

Wasson's was acquired by Goldblatt's of Chicago in 1967. The Goldblatt's acquisition of Wasson's was not successful as the two chains did not cater to the same market segments. Wasson's catered to the middle class, whereas Goldblatt's was a discount department store. During Goldblatt's ownership a distinct decline in merchandise quality occurred. Additionally, Goldblatt's did not open any new outlets after the acquisition or relocate stores into the new regional malls that ringed the city. The last Wasson's store was closed in 1980.

Building

The nine story Art Moderne flagship store located at 2 West Washington Street was converted into a retail/office complex in the early 1980s. The main store was designed by the noted Indianapolis architectural firm of Rubush and Hunter and constructed in 1937. A distinguishing feature of the Washington Street Store was the elimination of windows on the upper floors. With the advent of fluorescent lighting, windows were no longer required. The Washington Street location was added to the National Register of Historic Places in 1997. The former Wasson's annex located on Monument Circle burnt down in 1970 and was subsequently replaced by a park. Recently a new corporate headquarters for Emmis Communications was built on the site.

Wasson's Credit Union, which opened in October 1923, was the first credit union in Indiana and in the Midwest.

Competitors were L. S. Ayres, L. Strauss & Co. and William H. Block.

See also

References

Further reading

External links