J&R

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J&R
Type Private
Founded 1971
Headquarters New York City, New York
Number of locations 2
Products Retail - Electronics
Website JR.com

J&R is a well-known retail store in New York City, located on Park Row, across from New York City Hall.[1] J&R stands for Joe and Rachelle Friedman, the founders, who established the company in 1971 after emigrating from Israel.[2][3] The heavily trafficked store has expanded from selling LPs to the current umbrella encompassing J&R Music World and J&R Computer World, selling everything from Blu-ray Disc players to the latest electronic gadgets.[4]

J&R also had a location at Columbia University, which closed in 2003.[5] J&R later opened a J&R Express at the bottom level of Macy's Herald Square.[6]

J&R's slogan is "Downtown NYC Since 1971."

In 2013, it consolidated into two buildings, ceding storefronts to new tenants and transforming into a vertical store.[7]

Online sales

With the main J&R location just a block from the World Trade Center site, the company lost millions of dollars of electronic equipment due to the September 11, 2001 attacks.[5] But, the company's growing online sales helped sustain the company. J&R has an Amazon Marketplace agreement with Amazon.com to sell merchandise through that channel, in addition to its own online store.[8]

Summerfest

Since the summer of 2002, J&R has sponsored an annual music festival in City Hall Park, featuring R&B and other performers. In June 2007, Summerfest performers included Mario, Bobby Valentino, Tank, Carl Thomas, Collie Buddz, and Canadian Brass.[9][10]

References

  1. ↑ Jr.Com: About J&R Music And Computer World
  2. ↑ "Small Businesses Struggle to Recover". Associated Press. September 4, 2003. 
  3. ↑ Cave, Damien (August 28, 2004). "Who's Afraid of the Big, Bad Elephant?". The New York Times. 
  4. ↑ Jr.Com: J&R In The News
  5. ↑ 5.0 5.1 Iosifescu, Alice (February 11, 2003). "J&R Computer World Departs; Campus Location Is Still Empty". Columbia Spectator. 
  6. ↑ Macy*s - Our Stores - Events - Events
  7. ↑ http://www.nytimes.com/2013/10/24/nyregion/jr-alters-the-blocklong-layout-its-known-for.html
  8. ↑ Wolf, Alan (November 22, 2004). "J&R Adds Retail Space As Web Sales Rise". TWICE. 
  9. ↑ "LIV WARFIELD TO PERFORM AT J&R SUMMERFEST: Singer to Take the Stage Along With Mario, Carl Thomas and More. J&R is located one block from the famous Pace University.". Eurweb.com. June 14, 2007. 
  10. ↑ "FAIRS, FESTS, ETC...". New York Post. June 15, 2007. 

Coordinates: 40°42′41″N 74°00′27″W / 40.71139°N 74.00750°W / 40.71139; -74.00750


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