172:
190:
The five-store company reorganized in 1953, with Sidney's son John and son-in-law
Richard England becoming partners in the company, which was divided into a retail hardware business and a wholesale building supplies company, the latter being called Richard England Associates. John also served as the
197:
John
Hechinger, Jr. became the third generation of Hechingers to head the company when he was named president of the 54-store chain in 1986. Later that year, Hechinger Co. announced plans to reincorporate in Delaware, which was approved in a January 1987 shareholders' meeting.
235:
In
January 1995, Hechinger announced it would close or reformat 22 of its 131 stores, including closing all 14 of the Home Quarters Warehouse stores in North and South Carolina. In August of that year, Hechinger Co. consolidated HQ with Hechinger in a further restructuring.
262:
for $ 10 million. However, when
Hechinger posted a second quarter loss of $ 40.6 million in August, Leonard Green cut their offer price, and ultimately purchased Hechinger Company for $ 2.375 per share, or about $ 100.2 million, in September 1997.
186:
Sidney
Hechinger focused his hardware business exclusively on retail customers in 1924, eschewing contractors and builders. His decision foresaw the rise of the home improvement industry before the sector even had a name.
284:
the following year, which sold the same products as the former brand. On
February 5, 2009, it was announced that the site would shut down and Hechinger would no longer sell tools. The site closed shortly thereafter.
556:
34:
872:
897:
902:
183:
Sidney L. Hechinger had initially established himself in the wrecking and salvage business in 1911, and in 1919 opened his first hardware store in
Southwest Washington, D.C.
273:
protection on June 11, 1999, but the reorganization failed. Later that year, in
September 1999, Hechinger's assets were liquidated, including its 117 remaining stores.
907:
385:
335:
579:
892:
496:
887:
777:
882:
877:
239:
Searching for a niche, Hechinger management in 1997 launched new, smaller concept stores such as Better Spaces in Albany, New York in
February and
917:
862:
728:
912:
194:
In 1972, John
Hechinger, Sr. and brother-in-law Richard England took the ten-store company public with an offering of 400,000 shares.
751:
809:
336:"The Fall of the House of Hechinger; Slow Reaction to Competition in the Market That It Created Led to a Swift Decline"
867:
840:
254:
announced plans to buy Hechinger Co. for $ 3 per share, or about $ 127 million, intending to merge Hechinger with
201:
Hechinger had grown to a 69-store chain by the time it made its December 1987 offer to acquire the six stores of
612:
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In the 1980s, it underwent a massive expansion of both HQ and the Hechinger Co. divisions, opening
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Brownlee, Lisa (29 August 1997). "Hechinger's posts loss for quarter; Offer price is cut".
8:
845:
240:
210:
160:
20:
403:
Samuelson, Robert J. (10 June 1972). "Hechinger Plans Stock Offering, New Facilities".
152:
122:
528:
Bird, Laura (12 January 1995). "Hechinger to Close Stores, Cut 8% Of Its Work Force".
785:
703:
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209:(HQ) for $ 66 million (~$ 152 million in 2023). HQ had been founded in 1984 by
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After several rounds of store closings, the Hechinger Company filed for
270:
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126:
52:
729:"Hechinger Company Sold to Leonard Green & Partners, L.P."
159:, from 1911 to 1999. It was also an online retailer owned by
191:
first appointed City Council chairman of Washington, D.C.
639:"Kmart to Sell Builders Square To a Los Angeles Company"
426:"Hechinger Executive's Son Named to Post of President".
243:
Hardware & Home in Wheaton and Rockville in August.
217:, and operated as a separate division of Hechinger Co.
898:
Companies that filed for Chapter 11 bankruptcy in 1999
903:
Companies that filed for Chapter 7 bankruptcy in 2009
873:
Companies based in Prince George's County, Maryland
137:
Lumber, tools, hardware, garden supplies and plants
908:Companies that have filed for Chapter 7 bankruptcy
334:
854:
893:Home improvement retailers of the United States
328:
326:
280:bought the Hechinger brand name and opened an
888:Defunct retail companies of the United States
299:
297:
752:"Hechinger files for bankruptcy protection"
696:"Hechinger Agrees to Cut Sale Price by 21%"
361:"2 Units to Run Business of Hechinger Co".
323:
610:
32:
611:Lundegaard, Karen M. (1 September 1997).
402:
383:
294:
775:
670:
577:
333:Pressler, Margaret Webb (21 July 1997).
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170:
883:Retail companies disestablished in 2009
878:Retail companies disestablished in 1999
613:"Hechinger's name left off new concept"
855:
830:Hechinger no longer our hometown store
749:
636:
578:Pressler, Margaret Webb (1997-04-20).
386:"Business Leader Chaired City Council"
303:
213:in the mold of big-box stores such as
693:
494:
918:Retail companies established in 2004
863:Retail companies established in 1911
550:
527:
384:Bernstein, Adam (January 19, 2004).
65:1911 (building wrecking and salvage)
913:Defunct companies based in Maryland
750:Murray, Shannon D. (12 June 1999).
580:"HECHINGER TRIES TO REBUILD ITSELF"
559:from the original on 3 October 2015
497:"HECHINGER'S TO PURCHASE VA. CHAIN"
13:
822:
810:A Familiar Brand, Reborn in Pixels
731:(Press release). 25 September 2015
16:American home improvement retailer
14:
929:
495:Mayer, Caroline E. (1987-12-18).
449:"Hechinger Co. Reincorporation".
155:, on the immediate outskirts of
70:retail hardware/home improvement
802:
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630:
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571:
551:Peck, Jeanne (24 August 1995).
544:
521:
306:"The original do-it-yourselfer"
776:Johnston, Erica (1999-09-12).
637:Kilman, Scott (18 July 1997).
488:
472:"Hechinger to Reincorporate".
465:
442:
419:
396:
377:
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304:Chamis, Eleni (24 June 2002).
258:, which it had purchased from
224:to better compete with rivals
98:1999 (home improvement retail)
1:
694:Bowie, Liz (29 August 1997).
288:
553:"Hq To Merge With Hechinger"
252:Leonard Green & Partners
7:
834:Washington Business Journal
617:Washington Business Journal
310:Washington Business Journal
10:
934:
177:Wilkes-Barre, Pennsylvania
166:
18:
147:was an American chain of
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118:
104:
94:
86:
58:
48:
40:
31:
868:Re-established companies
203:Virginia Beach, Virginia
149:home-improvement centers
841:Post 200: Hechinger Co.
673:The Wall Street Journal
530:The Wall Street Journal
474:The Wall Street Journal
451:The Wall Street Journal
428:The Wall Street Journal
248:Los Angeles, California
207:Home Quarters Warehouse
828:Golubovskis, George. "
778:"The Region In Review"
180:
100:2009 (online retailer)
175:A Hechinger Store in
174:
453:. 25 November 1986.
211:W.R. Grace & Co.
19:For other uses, see
846:The Washington Post
814:The Washington Post
782:The Washington Post
643:Wall Street Journal
584:The Washington Post
501:The Washington Post
476:. 23 January 1987.
405:The Washington Post
390:The Washington Post
363:The Washington Post
278:Home Décor Products
163:from 2004 to 2009.
161:Home Decor Products
90:Sidney L. Hechinger
28:
21:Hechinger (surname)
430:. 9 January 1986.
181:
153:Landover, Maryland
145:Hechinger Company
26:
756:The Baltimore Sun
700:Los Angeles Times
250:-based investors
151:headquartered in
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849:, April 28, 1997
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365:. 28 June 1953.
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157:Washington, D.C.
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836:, July 18, 1997
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823:Further reading
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555:. Daily Press.
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282:online retailer
256:Builders Square
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77:online retailer
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808:Kelly, John, "
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246:In July 1997,
222:big-box stores
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392:. p. A1.
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793:. Retrieved
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200:
196:
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144:
142:
119:Headquarters
41:Company type
113:liquidation
857:Categories
795:2015-10-01
597:2015-10-03
514:2015-10-02
289:References
271:bankruptcy
268:Chapter 11
226:Home Depot
215:Home Depot
179:, in 1999.
109:Bankruptcy
790:0190-8286
761:2 October
735:1 October
713:3 October
708:0458-3035
681:398599054
656:3 October
651:0099-9660
622:3 October
592:0190-8286
563:1 October
538:398422082
509:0190-8286
482:398055682
459:398013761
436:397946562
413:148356066
371:152573895
346:3 October
315:2 October
276:In 2004,
241:Wye River
27:Hechinger
677:ProQuest
557:Archived
534:ProQuest
478:ProQuest
455:ProQuest
432:ProQuest
409:ProQuest
367:ProQuest
134:Products
127:Maryland
123:Landover
49:Industry
205:-based
167:History
95:Defunct
87:Founder
59:Founded
44:Private
788:
706:
679:
649:
590:
536:
507:
480:
457:
434:
411:
369:
230:Lowe's
129:, U.S.
75:2004 (
68:1919 (
53:Retail
260:Kmart
786:ISSN
763:2015
737:2015
715:2015
704:ISSN
658:2015
647:ISSN
624:2015
588:ISSN
565:2015
505:ISSN
348:2015
317:2015
228:and
143:The
111:and
105:Fate
843:,"
832:,"
812:",
859::
784:.
780:.
754:.
702:.
698:.
675:.
645:.
641:.
615:.
586:.
582:.
532:.
503:.
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407:.
388:.
339:.
325:^
308:.
296:^
232:.
125:,
839:"
798:.
765:.
739:.
717:.
683:.
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626:.
600:.
567:.
540:.
517:.
484:.
461:.
438:.
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373:.
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319:.
79:)
72:)
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
