Highland Superstores
| Industry | Retail |
|---|---|
| Founded | Highland Park, Michigan, 1933 |
| Founder | Harry Mondry |
| Defunct | 1993 |
| Fate | Liquidation |
Area served | Midwestern United States |
| Products | Consumer electronics and home appliances |
Highland Superstores was an American consumer electronics and home appliance chain. It was founded in 1933 as Highland Appliance by Harry Mondry in Highland Park, Michigan. By the end of the 1970s, the chain had 18 stores throughout the midwest with headquarters in Plymouth, Michigan.[1]
The chain went public in 1985, at which point it was the second-largest American electronics retailer behind Circuit City. Despite its number of locations, the chain began to experience financial troubles in the late 1980s and early 1990s.[1] In 1990, Highland hired an investment firm to decide the chain's future.[2] At this point, it had also expanded into New York and Texas.[3]
Highland filed for Chapter 11 bankruptcy in August 1992, and liquidated its last 30 stores in 1993.[4]
References
- ^ a b Berg, Eric N. (29 April 1989). "An Electronics Chain's Sharp Slide". The New York Times. NYTimes.com. Retrieved 2014-03-27.
- ^ "Hard Times for Highland". Indianapolis Business Journal. highbeam.com. 31 December 1990. Retrieved 2014-03-27.
- ^ "Stores Seeking Buyer or Partner". Lawrence Journal-World. 20 December 1990. p. 7B. Retrieved 2014-03-27.
- ^ "Highland Superstores to Liquidate Assets". The New York Times. NYTimes.com. 17 March 1993. Retrieved 2014-03-27.
- 1993 disestablishments in Michigan
- 1933 establishments in Michigan
- Companies based in Wayne County, Michigan
- Retail companies disestablished in 1993
- Retail companies established in 1933
- Companies that filed for Chapter 11 bankruptcy in 1992
- Consumer electronics retail companies of the United States
- Defunct companies based in Michigan
- Defunct retail companies of the United States