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 an online electronics and music retailer, based in New York City. It had a well-known retail location on Park Row, across from New York City Hall, for 43 years.[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 was "Downtown NYC Since 1971."

Retail Location[edit]

In 2013, J&R consolidated into two buildings, ceding storefronts to new tenants and transforming into a vertical store.[7] On April 9 2014, J&R closed its Park Row store, with a redevelopment plan to be announced. [8][9]

Online sales[edit]

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.[10]

Summerfest[edit]

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.[11][12]

See also[edit]

References[edit]

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