Sprouse-Reitz

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Sprouse-Reitz (Sprouse!)
Former type Public (NASDAQ: STRS)
Industry Retail
Fate Liquidation
Founded Portland, Oregon, United States (1909 (1909))
Defunct 1994 (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[edit]

  1. ^ a b c Hamburg, Ken (February 26, 1994). "End nears for Sprouse-Reitz stores". The Oregonian. p. D1. 
  2. ^ a b c Baker, Nena (September 22, 1991). "Tripp hopes to steer Sprouse-Reitz Inc. clear of troubled waters". The Sunday Oregonian. p. K1. 
  3. ^ "Sprouse-Reitz Decides to Go Out of Business". The Seattle Times. Associated Press. December 22, 1993. p. D6. 

External links[edit]