caldor locations massachusetts

Clarke's first move at Caldor was to squelch the ambitious growth plans made by its former parent, ADG, which had planned to double Caldor's outlets to 200 by 1990 and to boost revenues past the $2 billion mark. It's funny to walk down memory lane, though! Named after a ship that was lost somewhere off Block Island in RI in 1806, Ann & Hope became quite a popular like a modern day Kohl's in '70s and '80s. Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares it what Steiger's was known for. Eleven of them are in New Jersey, including the two stores at Levin's centers. Unlike some other discount chains, Caldor had remained focused on a few key markets on the East Coast, where its name recognition had maximum impact. In 1992, in fact, Caldor outbid other retailers to take control of six New York City stores that were being dumped by Alexander's, another retailer. ''Because of the booming economy along with the fact that many Caldor stores are in prime locations, very few are expected to be hurt,'' said Ted Kraus, who heads TKO Real Estate Advisory Group, a retail consulting firm in Mercerville. I bought my first boom box CD player with MEGA BASS from Circuit City in 1993. "Where Service Is State of the Art". Don't tell anyone since you shouldn't buy stuff from an out-of-business store. From 1956 to 1990, Zayre's offered clothing, footwear, bedding, furniture, jewelry, beauty products, kitchen spices, electronics, toys, and housewares. Just Kidding, they're still open! He concluded, ''It showed that even a loser could do well on the Island.''. But he added that the company was spending a lot to renovate the stores. Which location? HQ to the RESCUE! Bennett had also been careful to keep debt to a minimum, which reduced opportunities for expansion but helped to ensure solvency. During 1992, Caldor added a total of eight new stores to its chain, bringing its total to 136. Listen up, folks! Impressed by Kirby's knack for sales, Bennett had hired him away from a good sales job in a liquor store chain. Evidencing the continuing trend toward industry consolidation, May Department Stores Co. purchased ADG in 1987 in a stock swap valued at $2.7 billion. Anyone can read what you share. WebGoing deep into the archives, from the pre deadmalls.com era. Woolworth Company decided to close the 336 Woolco outlets in the United States. Long Island is roughly comparable.''. By the early 1980s, however, the retail discount industry was becomingly increasingly competitive and, therefore, consolidated. Levin intends to repeat that plan at its 400,000-square-foot Watchung Center, which is anchored by a 138,000-square-foot Caldor store. Discount giants Kmart and Wal-Mart, for instance, both began aggressively vying for market share in Caldor's traditional stomping grounds. The Caldor stores, several industry sources observed, are in areas where rents tend to be at the lower end of the market range. It now operates under the name Curtain & Bath Outlet and has five '', See the article in its original context from. for 24 months Today $0.00 And Long Island's unemployment rate of 5.9 percent, he said, is only about half the national rate. Ann & Hope. Caldor is aware of demographic statistics that define Nassau and Suffolk Counties on Long Island as among the most affluent in the metropolitan area. The one in Salem used to have an awesome Chinese place next to it. Take I-90E/MA Turnpike to Exit 13 for MA-30 W/Cochituate Rd. Stores in choice locations -- in densely populated areas with strong demographics and next to and visible from major highways -- will be snapped up quickly, said Mr. Schnurr of Grubb & Ellis. WebCaldor, California. ''It is way for growing companies to get into a tight market in a much quicker and less expensive way '' said Mr. Schultz. Stanley Schuckman of the Schuckman Realty Company in Jericho, L.I., helped Caldor lease the Riverhead, Rocky Point and Ronkonkoma stores. Caldor's New York stores have been confined to Westchester County and the Hudson Valley, but now the 32-year-old enterprise is about to move onto Long Island. During 1986, Clarke liquidated Caldor's bloated inventory--at a cost of $30 million--and began to reestablish a profitable mix of goods. The Caldor Shopping Center is located in Hampshire County, Massachusetts, United States. Caldor Inc. is a leading retailer of upscale discount goods in the northeastern United States. 370 Western Ave Brighton MA 02135. ''We've been expanding into the mid-Atlantic region over the last two years,'' said Gary Vasques, executive vice president of marketing at Kohl's. Carl's brother, Harry, was also involved, handling Caldor's real estate dealings from its inception into the mid-1980s. Likely candidates are other so-called big-box users, including discounters like Target, Ames and Bradlees, the latter two of which worked themselves out of bankruptcy. WebFrom 1984 it was a division of Supermarkets General Holdings Corporation. More. They will be added to the six stores Kohl's already has in the state. ''The rent may seem slightly below market,'' he said, ''when compared with that for a brand-new building.'' The place is catalogued as Locale by the U.S. Board on Geographic Names and its elevation above sea level is equal to 397ft. By the 1970s, discount retailers like Caldor, Kmart, Wal-Mart, and Korvette were quickly stealing market share from more conventional retailers, such as department stores and specialty stores. Caldor Fire map at 9:30 a.m. Aug. 31, 2021. Projections are that it will remain so at least through the end of the year. MR. FARBER said that was the plan at the Paramus center, a 270,000-square-foot community shopping strip anchored by a 130,000-square-foot Caldor store. Opening in 1913 and closing in 1997, Lechmere had a good run. At the same, time Wal-Mart, the nation's largest retailer, which is based in Bentonville, Ark., was given the green light to buy 12 store leases for $75 million, none in New Jersey. Those additions represented the start of a plan to add a total of 60 new stores by 1995. In that Boston accent, I used to hear my mother say to me, we're heading up the mall, going to JAW-DEN MAHSH. They became vacant last fall when the F.W. There are 74 Caldor outlets in Connecticut, New Hampshire, Massachusetts and New York. Take I-93 S toward Manchester/Boston to exit 37B and merge onto I-95 S. Take exit 25 toward Interstate The centers are in Paramus, West Orange, Woodbridge, Watchung and North Brunswick. Caldor. Earlier orders covered communities between Highway 50 and Highway 88, including Sly Park, Grizzly Flats, Happy Valley, Leoni Meadows and Caldor. ''Long Island is great for our upscale discount market,'' Mr. Kuller declared. As a subscriber, you have 10 gift articles to give each month. There are 74 Caldor outlets in Connecticut, New Hampshire, Massachusetts and New York. Clarke planned to step up expansion with the addition of 100 new stores by 1999, as well as to complete the renovation of all of its existing outlets. ''It's in our backyard,'' he said. Critics cited ADG's failure to market to young families. Photo from SiteRide, taken mid-to-late 1990's. This was the first Connecticut store. For more on Caldor, look into these other studies and photo galleries. Always worth plugging our ever-resourceful buddy, Chris Fontaine and his outstanding Ames Fan Club. It closed its remaining stores in 1995. A major U.S. retail powerhouse headquartered in the Midwest, May Department Stores had a reputation as an aggressive, profitable retailer. WebAll locations T-Mobile Worcester Rd & Caldor Rd All products T-Mobile at T-Mobile Worcester Rd & Caldor Rd, Framingham, MA Smart Phones Smart Watches Hotspots & more Filtering by: Category 3 arrow_drop_down T-Mobile clear Sort by arrow_drop_down T-Mobile REVVL V+ 5G 565 Starting at $0.00/mo. Source: International Directory of Company Histories, Vol. St. James Press, 1996. Caldor's steadily improving financial performance, combined with a strengthening retail sector in the mid-1990s, made those goals plausible. The future of the stores in those centers will signal what impact, if any, Caldor's bankruptcy will have on the state's retail market, and on landlords like Levin. There is a public Facebook group, Caldor store #69 Taunton, ma, where Nothing excites children like a toy store. THE CALDOR RAINBOW Our Photos On Flickr XISMZERO Sub-Administrators Expert Member Posts: 1,649 Location: Farmington, Connecticut Logged #1210 November 05, 2007, 12:29:15 PM Update: former Caldor in Groton, CT. Just one, a Levin property in West Orange, is in the state. WebDon't tell anyone since you shouldn't buy stuff from an out-of-business store. Caldor was launched in 1951 by husband and wife team Carl and Dorothy Bennett; they coined the name "Caldor" by combining both of their first names. There's a confirmed Caldor label scar still on the building! Now it is faced with the same situation because Caldor anchors five of the company's centers, having replaced Korvettes in the 80's. Long Island's 19 Caldor locations, from Garden City east to Bridgehampton, Probably not, because all cigarette smoke smells the same . The traditional mom-and-pop shop located in the town square was rapidly becoming a memory. 5. From New Hampshire . WebThe Caldor Rainbow By: The Caldor Rainbow. Toys "" Us; Woburn, MA Toys "" Us; Woburn, Massachusetts. The bidding for the leases, analysts said, is likely to continue for another two months and may bring in more bids from the same players or new ones from other retailers. Mr. Farber of Levin Management said that his company sees opportunities. Caldor (previously Dogtown) A U.S. economic recession that started in the late 1980s, moreover, threatened to hinder Caldor's gains. WebList of current Caldor locations Edit Contents 1 New Jersey 2 New York 3 Pennsylvania 4 then turn left onto Caldor Rd. Caldor generated revenues of $1.6 billion in 1988, about $50 million of which were kept as earnings; May's aggregate sales during that year were $11.6 billion. TimesMachine is an exclusive benefit for home delivery and digital subscribers. The retailer has signed long-term leases averaging about 20 years each for five stores in shopping centers at Bridgehampton, East Patchogue, Riverhead, Rocky Point and Ronkonkoma. Caldor expanded rapidly beginning in the early 1980s to become the fifth largest discount chain in the nation by the early 1990s. Furthermore, Caldor's inventory and sales tracking systems had become obsolete compared to many of its technically advanced rivals. ''In some ways the Island has acted as if there's been no national recession,'' Mr. Koppelman said. They also stepped up their efforts to offer increasingly profitable soft lines, boosting sales of those items from 27 percent of revenues before the leveraged buyout to about 31 percent by 1990. Caldor was launched in 1951 by husband and wife team Carl and Dorothy Bennett; they coined the name "Caldor" by combining both of their first names. Finally, the discount retail industry was becoming increasingly competitive as regional discounters saturated local markets. Clarke and Balmuth remained at the helm and continued to pursue a strategy of slow growth, while implementing new internal changes designed to add value to the company. 6. So, if you decide to take a chance on us (even though we don't recommend it), just know that you're taking a risk, and it's all on you. In addition, the chain's product mix had become unwieldy, and its signing and display techniques were considered poor in relation to its competition. By April 1999, most of the Caldor locations had sold off all their merchandise and closed their doors; the last store to close did so on May 15, 1999. At the time of the liquidation, Caldor employed over 24,000 people. [citation needed] Its major holdings included Famous Barr, a chain of upscale department stores, and Venture, a retail discount chain similar to Caldor in both size and market positioning. As consumers, we often take for granted all the hard work that goes into building a great company. Many of the home-improvement chain's 53 stores, 40 of them in New Jersey, were taken over by Staples, the office-supply store, said Mr. Schnurr, whose firm handled the disposition of the Rickel stores. They revamped Caldor's pricing system, for example, by instituting a two-tier pricing system that helped to reduce overall mark-ups by about two percent. My mother's favorite! Yes, Throwing These Items Away Is Illegal In Massachusetts, MA Residents: This Venue is Worth The Trip Across the Border, In Massachusetts, Its Illegal to Carry Any Kind of These Your Truck Bed. ''We've done very well in the Westchester County-Hudson Valley area. Grant and E.J. Accessories. We're just a bunch of enthusiasts (and maybe a few dummies) experimenting with ecommerce for our own personal enjoyment. Jordan Marsh was founded in 1841 and was pretty innovative on what a modern retailer looked like inside and also introduced the concept of department shopping. He said there was also the possibility that the new tenant would not need all the space, giving his company the chance to take back any excess space and rent it to other tenants at market rates. Even as Caldor closes its stores, other national and regional retailers continue to expand in or enter the state, said Jonathan Schultz, president of the Schultz Organization, a brokerage in Woodbridge. Quote from: Retail_247 on October 08, 2022, 01:12:22 PMOk so I did some research on Caldor store services (not including cafe's / restaurants or photo development) and heres what I found: Caldor stores with Pharmacies: Saugus, MA (building originally started out as GEM) Paramus, NJ (Store closed in '99, Pharmacy closed in '93, Last year Filene's of Boston opened three of its Filene's Basement stores on Long Island, and it plans to open one in Queens soon. By 1981, Bennett and his team had built Caldor into a major regional discount retail powerhouse on the East Coast. As Bennett slowly expanded the chain during the 1960s and 1970s, Kirby managed the development of the company's hard goods mix, which accounted for the large majority of sales. Caldor ceased to operate in 1999. A discount industry pioneer, Caldor predates the start of both Kmart and Wal-Mart by more than a decade. IN recent years Caldor Inc., the discount retailer based in Norwalk, Conn., has emerged as one of the country's soundest merchandising chains. This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. I even remember the Aretha Franklin sung jingle in the commercial. Bennett carpooled to work in the early days with Luke Kirby, Jr., the fourth employee hired at the new store. In fact, Caldor surpassed its $2 billion revenue goal in 1992. For example, the firm puts the rents for stores of 70,000 to 100,000 square feet for stores in good locations at $10 to $13 a square foot, up about $1 from last year. "Child World" was around from 1956-1992. Two of its stores -- one on Route 4 West in Paramus, the other on Route 22 in Watchung -- are already spoken for by Kohl's, a discount department store chain based in Menomonee Falls, Wis., which is looking to build its presence in the New York metropolitan area. In cases where the stores are on two stories or have a basement level, he said his firm would do what it had done many times before: lease that space to complementary uses like health clubs or day care centers. The first choice would be to lease the space to a single user or to two smaller anchors and ''fill in everything else from there,'' he said, noting that the alternative was to carve up the space for multiple smaller uses. Revenues rose to a record $2.4 billion in 1993, and earnings hovered near a healthy $34 million. Share. This place just screams of 1987. (121mt.). Finally, Clarke and Balmuth made plans to increase the average size of the stores and changed the Caldor logo and color schemes. ''We have more people with more disposable income than other areas. He also shaped up Caldor's advertising and promotional programs and developed a plan to renovate Caldor's older stores. He said the stores, which are being renovated, would be open for business by early summer. Lechmere. Many of Caldor's competitors, including Korvette, were pushed out of the market or absorbed into larger retail chains during the late 1970s. While Caldor's growth during the early 1980s seemed impressive, ADG failed to profit from the acquisition as it had hoped, and Caldor became a drag on its bottom line. Most retail analysts and brokers said Caldor's bankruptcy was not expected to have a harsh impact on the overall market, and might come and go without incident, much like the closing last year of the Rickel stores, said Matthew J. Schnurr, senior vice president of the investment services group at the West Orange office of Grubb & Ellis, the national commercial brokerage. They were the first to offer credit in the form of a charge account, as well. It remained focused on the East Coast, opening outlets in New York, Connecticut, Massachusetts, and New Jersey, among other states. Funky clothes. The 1960s and 1970s were good years for Caldor. $8.34/mo. How well do you know the logos of 50 of the world's most famous companies? Nostalgia can be an amazing thing. Furthermore, Odyssey Partners was able to reduce its large debt load in 1991 through a public stock offering. WebFrom Western MA . Discount stores, in particular, benefitted, as consumers began to recognize the cost benefits associated with economies of scale. Clarke and Balmuth used those proceeds to launch an ambitious store remodeling plan that they had started in 1989, as well as to begin expanding the chain again. Copyright 2023. The centers are in Paramus, West Orange, Woodbridge, Watchung and North Brunswick. Competition from big box stores drove the small regional discount retailer out of business in the northeast Was this review helpful? I remember Lechmere being at the mall in Danvers or Peabody, I forget which, but this place was busy. ONE negative, added Mr. Kraus of TKO, is what will happen once new retailers take over the Caldor stores. I could probably tell you the difference in smell between Caldor and Bradlees. Webjust a place to find old friends that worked in the Taunton store. They were both savvy and aggressive entrepreneurs who loved to negotiate and take risks. By 1963, Caldor had stores in Peekskill, NY, and Danbury, Hamden, CT, Norwalk, and Riverside, CT, in addition to the original location in Port Chester, NY. Staying true to its belief in the benefits of regionalization each new store was planned in close proximity to Caldor's headquarters. WebCaldor is out of business Manager (Former Employee) - Norwalk, CT - October 31, 2018 Caldor filed for chapter 11 on January 22nd, 1999. In contrast to some of its debt-laden peers, however, Caldor was buoyed both by its regional dominance and by its healthy balance sheet, both of which reflected Bennett's management style. The center is in the process of a $5 million rehabilitation, which Levin is undertaking with Federal Realty Investment Trust, based in Washington, D.C. That, together with Kohl's arrival, ''gives the center a shot in the arm to remain competitive,'' he said. He said the sales volume generated by Woolco in those three stores was ''very high in comparison with most of its other stores.'' Indeed, as consumers became aware of the improvements, Caldor's sales and profits escalated. The 27-year-old Kirby knew that he was taking a huge risk by leaving his safe job--the chain was owned by Kirby's relatives--but he had a good feeling about Bennett and the new discount store concept. In a $537 million leveraged buyout, an investment group named Odyssey Partners borrowed heavily to buy the 120-store Caldor chain. WebThe Caldor Shopping Center is located in Hampshire County, Massachusetts, United This veteran store was one of the first stores in the Northeast in 1978 and survived a wave of Boston-area closures in 2006. Caldor's improved appearance complemented its more competitive prices and new product mix. Becoming a actual brick and mortar store in 1984, by the early nineties, Circuit City was a huge consumer electronics retailer. Keep scrolling to see if you can guess which icon belongs to which brand. Taking over the Caldor leases is a logical move ''and allows us to enter the New York metropolitan area with a critical mass of stores,'' he said. Kirby and Bennett worked well together. Steiger's was founded in the Holyoke area in 1896 then on to Springfield. There Kohl's intends to use only 90,000 feet, enabling Levin to take back the rest, he said, noting that in tandem with Kohl's plans to renovate the store's facade his company will invest $2.5 million to refurbish the center. May named Don R. Clarke chief executive of Caldor and Marc Balmuth president, both of whom had formerly headed up May's successful Venture chain. We want to make it crystal clear that we're not Caldor, Inc. or any other big-shot company trying to sell you stuff. And Kmart, of Troy, Mich., put in a bid for 11 stores. More. In its key geographic areas, it maintained a dominant role in the upscale end of the discount market, which included brand- and quality-conscious consumers. In light of proliferating competition and general disenchantment with its discount operations, May decided to sell its discount chains in 1989 and to focus its energies entirely on its department stores. Claim this business. Caldor flourished as an independent company. As the number of Caldor stores escalated to nearly 100 by 1986, sales surged to about $1.4 billion, or nearly double revenues before the ADG buyout. We want to help you find great companies. WebShop the latest T-Mobile products at T-Mobile Worcester Rd & Caldor Rd in Framingham, Mr. Kuller declined to disclose details of the leases. TimesMachine is an exclusive benefit for home delivery and digital subscribers. All rights reserved. Manic panic hair dye. Despite hefty capital expenditures, improved earnings allowed Caldor to steadily shave its long term debt load from about $350 million in 1989 to $272 million by 1993. Still, Caldor's problems proved greater than May had anticipated, and income growth was slower than expected. There's a fun fact for ya. CDs! learn how over 7,000 companies got started! Select without obligation ideal hotels United States near Caldor Shopping Center (MA) with RoadOnMapThe online reservation can be made without a credit card. WHEN Caldor, the discount-store chain, announced in January that it was closing its 145 stores, including 28 in New Jersey, William A. Farber was struck by a sense of deja vu. As the Woolco stores on Long Island were turned back to their landlords, Caldor quickly signed them up, according to Alan Kuller, its vice president for real estate development. This place just screams of 1987. Did you ever shop at Caldor? "CCaldor Opens Stores in Hamilton, Bristol," Trentonian, January 28, 1993. Cooper, Jeanne Dugan, "Attn: K Mart Execs: Caldor Opens New Long Island Store," Newsday, July 27, 1990, p. Can You Get Arrested For Speeding In Massachusetts? Copyright (c) 2022 Company-Histories.com. The satellite coordinates of Caldor Shopping Center are: latitude 4224'24"North and longitude 7238'13"West. Sunglasses. They envisioned a business that would emphasize quality of merchandise over less desirable, lower cost wares at prices 10 to 40 percent below the manufacturers' suggested list p In cases where the Caldor stores in his company's centers are taken over by a new retailer at a rent that ''is out-of step with today's market,'' he said, there is room to renegotiate certain aspects of the lease that pertain, for example, to rents based on sales volume. The statewide retail vacancy rate is hovering between 3.5 and 4 percent, virtually unchanged from last year, and rents continue to rise, albeit not as aggressively as in the past, according to TKO. ''We're starting with a sound retail market and good real estate locations, where land for new construction is scarce, so even though one retailer couldn't make it, another one will,'' he said. Changes achieved during the late 1980s significantly improved Caldor's performance. At its height, the company operated 64 supermarkets in Massachusetts, New Hampshire, Maine, and Connecticut. ''History has shown that retailers have a limited life span, but as long as the location is viable and the economics are sound, life for the real estate goes on,'' Mr. Farber said. Search and view in Google Maps points of interest such as: museums, churches, hospitals, railway stations, restaurants, petrol stations, post offices, pharmacies ) located near Caldor Shopping Center (MA): The text of the current page is available under the license {cc by-sa/3.0}, for the maps refer to the license {OpenStreetMap.org}, attention! Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. It that the big "H" next to the big "Q" bright green color not orange like Home Depot. Clarke and Balmuth remained focused on improving the performance of the chain and remodeling existing outlets. Discount shopping baby! Merge onto MA-30 W/Cochituate Rd. Landlords with stores in less than prime spots ''will have to become creative and come up with adaptive reuses,'' he added. That trend was intensified by a slowdown in consumer spending during the U.S. economic recession of the late 1970s and early 1980s. Help us be the best! Some, like Kohl's, as well as Wal-Mart and Kmart, are looking to grow by picking up some of the leases on the stores left behind by Caldor. Clarke replaced the short-term successor to Bennett, who had left Caldor when his contract expired in 1985; Bennett and his wife, Dorothy, subsequently started a real estate consulting firm in Stamford, Connecticut. Despite its early entrance into the retail discount store industry, Caldor faced stiff competition from both old and new competitors. To preserve these articles as they originally appeared, The Times does not alter, edit or update them.

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