Sprouse-Reitz
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| Former type | Public (NASDAQ: STRS) |
|---|---|
| Industry | Retail |
| Fate | Liquidation |
| Founded | Portland, Oregon, United States (1909) |
| Defunct | 1994 |
| Headquarters | Portland, Oregon[1] |
| Number of locations | Approx. 320 stores (max.)[2] |
| Area served | Western United States |
| Products | General Merchandise |
| Total assets | $80 million (1991)[2] |
Sprouse-Reitz is a defunct chain of five-and-dime stores based in Portland, Oregon, United States. The Sprouse-Reitz Company was founded in 1909 and at its peak had more than 300 stores in eleven states in the Western United States.[1]
Around 1989, the declining retailer tried to revive its business by rebranding its stores "Sprouse!".[2] In December 1993, Sprouse-Reitz Inc. decided to liquidate and close its remaining 84 stores after failing to find a buyer. The company estimated that the last stores would close in February.[3] As of late February 1994, the last stores were scheduled to close on March 20.[1]
An early Sprouse-Reitz store still lettered for the company (as of 2008) long after its closure, in Bisbee, Arizona
References
- ↑ 1.0 1.1 1.2 Hamburg, Ken (February 26, 1994). "End nears for Sprouse-Reitz stores". The Oregonian. p. D1.
- ↑ 2.0 2.1 2.2 Baker, Nena (September 22, 1991). "Tripp hopes to steer Sprouse-Reitz Inc. clear of troubled waters". The Sunday Oregonian. p. K1.
- ↑ "Sprouse-Reitz Decides to Go Out of Business". The Seattle Times. Associated Press. December 22, 1993. p. D6.
- "Sprouse Reitz stores sold; Sprouse family members will remain as consultants - variety store chain" Discount Store News Dec. 17, 1990
External links
- Sprouse store in Red Bluff, California in 1947
- Sprouse-Reitz Store to Sell Off All Assets - The New York Times
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