caldor locations massachusetts

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. From 1956 to 1990, Zayre's offered clothing, footwear, bedding, furniture, jewelry, beauty products, kitchen spices, electronics, toys, and housewares. 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. 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. Clarke and Balmuth remained focused on improving the performance of the chain and remodeling existing outlets. Woolworth Company decided to close the 336 Woolco outlets in the United States. ''It's in our backyard,'' he said. Doc Martens. But let's be real, we can't guarantee that everything we sell is 100% accurate, reliable, or suitable for your needs. All of the stores, ranging from 80,000 to 112,000 square feet, were previously leased by the faltering Woolco discount chain. Contents 1 Together, they would lug cases of motor oil and other goods into the store from the car and do whatever else was necessary to give the tiny store an advantage over its well-heeled competitors. Caldor T Just Kidding, they're still open! That trend was intensified by a slowdown in consumer spending during the U.S. economic recession of the late 1970s and early 1980s. The one in Salem used to have an awesome Chinese place next to it. We see them around but we don't know what goes on behind the scenes. ''Some merchants who survived because Caldor was a weak competitor will need to work more aggressively or lose out to the new competition,'' he said. During 1986, Clarke liquidated Caldor's bloated inventory--at a cost of $30 million--and began to reestablish a profitable mix of goods. Keep scrolling to see if you can guess which icon belongs to which brand. Which location? Privacy Policy. The chain offered electronics, appliances, and varioushousehold goods. Discount shopping baby! Probably not, because all cigarette smoke smells the same . BJ's Wholesale Club came out of Zayre Corp. Lechmere. My mother's favorite! How well do you know the logos of 50 of the world's most famous companies? . Landlords with stores in less than prime spots ''will have to become creative and come up with adaptive reuses,'' he added. Lee Koppelman, executive director of the Long Island Regional Planning Board, said, ''This area is a good retail market.'' ''In some ways the Island has acted as if there's been no national recession,'' Mr. Koppelman said. WebThe Caldor Shopping Center is located in Essex County, Massachusetts, United States. Stanley Schuckman of the Schuckman Realty Company in Jericho, L.I., helped Caldor lease the Riverhead, Rocky Point and Ronkonkoma stores. ''We have more people with more disposable income than other areas. The Caldor stores at Levin's other three centers are still up for grabs and Mr. Farber said his firm would be just as pleased if it got back those leases. 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. Furthermore, Odyssey Partners was able to reduce its large debt load in 1991 through a public stock offering. Turn right onto Worcester Rd. People familiar with Long Island real estate say commercial rates vary considerably there - from about $5 a square foot to $22 a square foot - depending on the store's location, age and condition, and whether it is in a shopping center. WebList of current Caldor locations Edit Contents 1 New Jersey 2 New York 3 Pennsylvania 4 The U.S. economy flourished in the wake of the massive postwar population and consumption boom, and the retail sector thrived. Projections are that it will remain so at least through the end of the year. Caldor. At its height, the company operated 64 supermarkets in Massachusetts, New Hampshire, Maine, and Connecticut. There is a public Facebook group, Caldor store #69 Taunton, ma, where Discount giants Kmart and Wal-Mart, for instance, both began aggressively vying for market share in Caldor's traditional stomping grounds. Evidencing the continuing trend toward industry consolidation, May Department Stores Co. purchased ADG in 1987 in a stock swap valued at $2.7 billion. Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares it what Steiger's was known for. My mother's favorite! Source: International Directory of Company Histories, Vol. See the article in its original context from. 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. [1]The distances indicated are measured in a straight line, the road distances can be appreciably different. Under the control and financial backing of ADG, Caldor expanded at a rate of more than 20 new stores annually between 1981 and 1985. Instead, May wanted to concentrate on improving the financial performance of the chain. 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. According to the Long Island Regional Planning Board, the median income in 1979 was $28,445 in Nassau County and $24,195 in Suffolk County. WebThe Caldor Rainbow By: The Caldor Rainbow. And Kmart, of Troy, Mich., put in a bid for 11 stores. 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. I remember Lechmere being at the mall in Danvers or Peabody, I forget which, but this place was busy. It closed its remaining stores in 1995. ''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. Discount retailer Caldor announced Tuesday it will close 12 stores in an effort to refocus business in key markets. I could probably tell you the difference in smell between Caldor and Bradlees. Comic books. 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. It now operates under the name Curtain & Bath Outlet and has five Merge onto MA-30 W/Cochituate Rd. Despite its early entrance into the retail discount store industry, Caldor faced stiff competition from both old and new competitors. Let's make this a fun and wonderful place to shop, buy some gifts, and enjoy the ride. Can You Get Arrested For Speeding In Massachusetts? 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. 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. Nothing. 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. Caldor Fire map at 9:30 a.m. Aug. 31, 2021. From New Hampshire . Heres the Best Time for Corn on the Cob in Massachusetts, Submit Your Photo Now for Live 95.9s Mother and Child Look-A-Like Contest 2023, The Berkshires is Home to 2 of the Most Picturesque Towns in Massachusetts, The Tallest Waterfall in Massachusetts is Right Here in the Berkshires, Five of the Most Delicious Celebrity-Owned Restaurants in Massachusetts. 5. 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. 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. We want to make it crystal clear that we're not Caldor, Inc. or any other big-shot company trying to sell you stuff. There are 74 Caldor outlets in Connecticut, New Hampshire, Massachusetts and New York. This place just screams of 1987. The Berkshire Mall had one when it opened in 1988. Caldor is aware of demographic statistics that define Nassau and Suffolk Counties on Long Island as among the most affluent in the metropolitan area. They will be added to the six stores Kohl's already has in the state. Changes achieved during the late 1980s significantly improved Caldor's performance. St. James Press, 1996. Webjust a place to find old friends that worked in the Taunton store. Caldor HQ to the RESCUE! A U.S. economic recession that started in the late 1980s, moreover, threatened to hinder Caldor's gains. Those additions represented the start of a plan to add a total of 60 new stores by 1995. Now it is faced with the same situation because Caldor anchors five of the company's centers, having replaced Korvettes in the 80's. Funky clothes. "Where Service Is State of the Art". Below is shown the table of main cities with the corresponding distances[1] of the main cities from Caldor Shopping Center (MA) measured both in kilometers and in miles. Steiger's was founded in the Holyoke area in 1896 then on to Springfield. Korvettes. Many of Caldor's competitors, including Korvette, were pushed out of the market or absorbed into larger retail chains during the late 1970s. In addition, retailers who may not want to get involved with the bidding process -- waiting instead for the leases to go back to landlords -- are said to be eyeing the stores. May had increased Caldor's earnings by more than 300 percent since 1986 and had gone a long way toward improving the competitiveness of the discounter. Anyone can read what you share. $8.34/mo. There are 74 Caldor outlets in Connecticut, New Hampshire, Massachusetts and New York. There's a confirmed Caldor label scar still on the building! It remained focused on the East Coast, opening outlets in New York, Connecticut, Massachusetts, and New Jersey, among other states. Not out-of-business, but not a business . Becoming a actual brick and mortar store in 1984, by the early nineties, Circuit City was a huge consumer electronics retailer. Take I-90E/MA Turnpike to Exit 13 for MA-30 W/Cochituate Rd. 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. Indeed, as consumers became aware of the improvements, Caldor's sales and profits escalated. He concluded, ''It showed that even a loser could do well on the Island.''. 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. Revenues rose to a record $2.4 billion in 1993, and earnings hovered near a healthy $34 million. Take I-93 S toward Manchester/Boston to exit 37B and merge onto I-95 S. Take exit 25 toward Interstate 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. Sunglasses. I remember Lechmere being at the mall in Danvers or Peabody, I forget which, but this place was busy. Caldor's improved appearance complemented its more competitive prices and new product mix. Claim this business. for 24 months Today $0.00 In the Region / New Jersey; As Caldor Fades, Retail Market Is Unfazed, https://www.nytimes.com/1999/03/07/realestate/in-the-region-new-jersey-as-caldor-fades-retail-market-is-unfazed.html. I bought my first boom box CD player with MEGA BASS from Circuit City in 1993. Our entrance is up the hill on the right. The 1,400-square-foot addition was manned by a small, hard-working staff supervised by Carl. WebFrom Western MA . 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. He said the stores, which are being renovated, would be open for business by early summer. In that Boston accent, I used to hear my mother say to me, we're heading up the mall, going to JAW-DEN MAHSH. 12. ''We've done very well in the Westchester County-Hudson Valley area. 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. CDs! (121mt.). 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. They were both savvy and aggressive entrepreneurs who loved to negotiate and take risks. More. We want to help you find great companies. His acute knowledge of Caldor's inventory and buying systems, combined with his knack for dealing with vendors, eventually earned him the title of vice-president of the company. And Long Island's unemployment rate of 5.9 percent, he said, is only about half the national rate. Caldor tagged 14 new stores onto its portfolio during 1993 and completed 20 more renovations; by the end of 1994, more than 80 percent of Caldor's stores were newly constructed or recently renovated. Finally, Clarke and Balmuth made plans to increase the average size of the stores and changed the Caldor logo and color schemes. Importantly, he initiated an emphasis on soft lines, particularly clothing, thus diminishing the chain's extreme concentration on hard goods. Records. Grant and E.J. 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. 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. Critics cited ADG's failure to market to young families. "Child World" was around from 1956-1992. Finally, the discount retail industry was becoming increasingly competitive as regional discounters saturated local markets. 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. Our products and services are meant to inspire you and maybe even make you laugh a little. Caldor ceased to operate in 1999. There's a fun fact for ya. IN recent years Caldor Inc., the discount retailer based in Norwalk, Conn., has emerged as one of the country's soundest merchandising chains. 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. TimesMachine is an exclusive benefit for home delivery and digital subscribers. That venture became hugely successful and elevated Ferkhauf to star status in the industry. This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. 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. For example, Sears, the largest retailer in the world at the time, operated a store across the street from Caldor's second outlet. Still, Caldor's problems proved greater than May had anticipated, and income growth was slower than expected. 370 Western Ave Brighton MA 02135. WebGoing deep into the archives, from the pre deadmalls.com era. The chain consisted of 63 stores, all of them much larger than the original 1,000-plus square foot outlets, and Caldor's revenues were approaching $700 million annually. Did you ever shop at Caldor? 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. URL of the current page: "Where is Caldor Shopping Center (MA)", directions to get to Caldor Shopping Center (MA), how to get to Caldor Shopping Center (MA), Canadian-Forest grove center shopping center, Where is Caldor Shopping Center Hampshire, Massachusetts United States, Position on the map of Caldor Shopping Center Hampshire, Massachusetts United States, Always up-to-date information on Caldor Shopping Center Hampshire, Massachusetts United States, Exact position of Caldor Shopping Center (MA) on the map, Geographic coordinates of Caldor Shopping Center (MA). The Caldor Shopping Center is located in Hampshire County, Massachusetts, United States. More. 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. In addition, the chain's product mix had become unwieldy, and its signing and display techniques were considered poor in relation to its competition. To support its growth plans, Caldor constructed a 508,000-square-foot distribution facility in New York and began the installation of a major computer information support system, which went on line in 1993. Furthermore, Caldor's inventory and sales tracking systems had become obsolete compared to many of its technically advanced rivals. A key reason why analysts are optimistic is that the closing of Caldor stores, which average about 84,000 square feet, come at a time when the state's economy and retail market continue to be strong. 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. As consumers, we often take for granted all the hard work that goes into building a great company. A discount industry pioneer, Caldor predates the start of both Kmart and Wal-Mart by more than a decade. 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'sin '70s and '80s. 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. 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! By 1981, Bennett and his team had built Caldor into a major regional discount retail powerhouse on the East Coast. Competition from big box stores drove the small regional discount retailer out of business in the northeast Was this review helpful? Don't tell anyone since you shouldn't buy stuff from an out-of-business store. They became vacant last fall when the F.W. 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. Mr. Farber of Levin Management said that his company sees opportunities. Discount stores, in particular, benefitted, as consumers began to recognize the cost benefits associated with economies of scale. WebDon't tell anyone since you shouldn't buy stuff from an out-of-business store. Copyright 2023. ADG, a diversified conglomerate, was already active in the upscale retail sector through other retail holdings, such as its chain of Lord and Taylor stores, and it sought to round out its retail portfolio with a discount chain like Caldor. Similarly, net earnings soared past $34 million in 1992. '', See the article in its original context from. Share. 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. 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 Brian filmed his local Caldor at Aviation Mall, where he was employed at the time. A major U.S. retail powerhouse headquartered in the Midwest, May Department Stores had a reputation as an aggressive, profitable retailer. This place just screams of 1987. I remember when my mother would pull into the "Child World" parking lot in Saugus, I wanted to buy the ENTIRE store. All rights reserved. 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. WebCaldor is out of business Manager (Former Employee) - Norwalk, CT - October 31, 2018 Caldor filed for chapter 11 on January 22nd, 1999. Caldor flourished as an independent company. Toys "" Us; Woburn, MA Toys "" Us; Woburn, Massachusetts. WebIt remained focused on the East Coast, opening outlets in New York, Connecticut, Carl's brother, Harry, was also involved, handling Caldor's real estate dealings from its inception into the mid-1980s. But he added that the company was spending a lot to renovate the stores. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. Computerized systems were implemented to improve efficiency, and electronic scanning guns were installed at all of Caldor's registers. 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. I've distorted the colors to bring it out a little better. Carl Bennett and his crew were determined to see the fledgling Caldor chain become successful. The large finger of fire east of Highway 89 grew at least 3.5 miles past the highway. ''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. +6 Sign Up Log In Messenger Facebook Lite Watch Places Games Marketplace Meta Pay Meta Store Meta Quest Instagram 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. 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. The centers are in Paramus, West Orange, Woodbridge, Watchung and North Brunswick. The traditional mom-and-pop shop located in the town square was rapidly becoming a memory. In addition, Eugene Ferkhauf had started his chain of Korvette discount stores just a few years earlier. 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. To obtain road distance you can select route planner. ''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. Over the years Levin worked through the bankruptcies of W.T. During 1992, Caldor added a total of eight new stores to its chain, bringing its total to 136. As a result of improvements, the company's stock price more than doubled between 1991 and 1994 to about $30 per share. In a $537 million leveraged buyout, an investment group named Odyssey Partners borrowed heavily to buy the 120-store Caldor chain. That year, ADG acquired Caldor, and, although Caldor lost its independence, Bennett was retained under a five-year management contract, as were several other executives, including Kirby. While some discount giants have marked time or suffered losses during the recession, Caldor has not only remained financially secure but has also steadily expanded in the Northeast. TimesMachine is an exclusive benefit for home delivery and digital subscribers. learn how over 7,000 companies got started! Caldor (previously Dogtown) The centers are in Paramus, West Orange, Woodbridge, Watchung and North Brunswick. WebCALDOR TO CLOSE DOORS Queensbury, New York Middletown and Newburgh, New York Coordinates: 383622N 1202558W. 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. Real Estate; Caldor's Expansion Onto L.I. Despite the recession, revenues jumped more than five percent in both 1990 and 1991 before rising more than ten percent during 1992. The plan, he said, is to invest a total of $165 million to renovate all the stores and open them by the spring of 2000. 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, Long Island's 19 Caldor locations, from Garden City east to Bridgehampton, In fact, Korvette had served as an impetus for the Bennetts and even helped to pave the way for other discount retailers. In fact, Caldor surpassed its $2 billion revenue goal in 1992. The place is catalogued as Locale by the U.S. Board on Geographic Names and its elevation above sea level is equal to 397ft. Ann & Hope Facebook. Caldor expanded rapidly beginning in the early 1980s to become the fifth largest discount chain in the nation by the early 1990s. The original enterprise consisted of a single tiny store for three years before a second small shop was added, marking the start of a chain expansion that would blanket the Northeast by the 1990s. Copyright (c) 2022 Company-Histories.com. 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. 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. 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.

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