McCrory Stores Corporation
Encyclopedia
McCrory Stores Corporation was a five and dime
which became insolvent during the Great Depression
,
filing for bankruptcy in 1933. The chain store
competed successfully with the F.W. Woolworth Company and S.H. Kress during the 1920s
. McCrory Stores Corporation was incorporated in 1915
as a successor to the J.G. McCrory Company
. Its primary offices were at 1107 Broadway (Manhattan).
of its stores were leased, with the remainder owned by a subsidiary, the McCrory Realty Corporation. The retailer's gross sales approached $30,000,000 by the mid 1920s
, when it operated 187 stores.
With 244 retail units in its chain, the company admitted bankruptcy in January 1933. Aside from New York City, McCrory's maintained stores in Philadelphia, Pennsylvania
, Pittsburgh, Pennsylvania
, Washington, DC, and other eastern United States
and southern United States
cities. The Irving Trust Company of Newark, New Jersey
was named an ancillary receiver (legal) for McCrory's on January 16, 1933.
J.G. McCrory went on to found McCrory Stores
.
Five and Dime
Five and Dime is a cartoon short by Walter Lantz which features Oswald the Lucky Rabbit. It is the 74th Oswald short produced by Lantz and the 125th overall. It also is among the number of shorts that feature Oswald in his fully clothed appearance....
which became insolvent during the Great Depression
Great Depression
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...
,
filing for bankruptcy in 1933. The chain store
Chain store
Chain stores are retail outlets that share a brand and central management, and usually have standardized business methods and practices. These characteristics also apply to chain restaurants and some service-oriented chain businesses. In retail, dining and many service categories, chain businesses...
competed successfully with the F.W. Woolworth Company and S.H. Kress during the 1920s
1920s
File:1920s decade montage.png|From left, clockwise: Third Tipperary Brigade Flying Column No. 2 under Sean Hogan during the Irish Civil War; Prohibition agents destroying barrels of alcohol in accordance to the 18th amendment, which made alcoholic beverages illegal throughout the entire decade; In...
. McCrory Stores Corporation was incorporated in 1915
as a successor to the J.G. McCrory Company
McCrory Stores
J.G. McCrory's or McCrory Stores was a chain of five and dime stores in the United States based in York, Pennsylvania. The stores typically sold shoes, clothing, housewares, fabrics, penny candy, toys, cosmetics, and often included a lunch counter or snack bar...
. Its primary offices were at 1107 Broadway (Manhattan).
Expansion then failure
One of the firm's policies was to acquire locations whenever property could be found at a reasonable purchase price. In November 1925 approximately 2/3of its stores were leased, with the remainder owned by a subsidiary, the McCrory Realty Corporation. The retailer's gross sales approached $30,000,000 by the mid 1920s
1920s
File:1920s decade montage.png|From left, clockwise: Third Tipperary Brigade Flying Column No. 2 under Sean Hogan during the Irish Civil War; Prohibition agents destroying barrels of alcohol in accordance to the 18th amendment, which made alcoholic beverages illegal throughout the entire decade; In...
, when it operated 187 stores.
With 244 retail units in its chain, the company admitted bankruptcy in January 1933. Aside from New York City, McCrory's maintained stores in Philadelphia, Pennsylvania
Philadelphia, Pennsylvania
Philadelphia is the largest city in the Commonwealth of Pennsylvania and the county seat of Philadelphia County, with which it is coterminous. The city is located in the Northeastern United States along the Delaware and Schuylkill rivers. It is the fifth-most-populous city in the United States,...
, Pittsburgh, Pennsylvania
Pittsburgh, Pennsylvania
Pittsburgh is the second-largest city in the US Commonwealth of Pennsylvania and the county seat of Allegheny County. Regionally, it anchors the largest urban area of Appalachia and the Ohio River Valley, and nationally, it is the 22nd-largest urban area in the United States...
, Washington, DC, and other eastern United States
Eastern United States
The Eastern United States, the American East, or simply the East is traditionally defined as the states east of the Mississippi River. The first two tiers of states west of the Mississippi have traditionally been considered part of the West, but can be included in the East today; usually in...
and southern United States
Southern United States
The Southern United States—commonly referred to as the American South, Dixie, or simply the South—constitutes a large distinctive area in the southeastern and south-central United States...
cities. The Irving Trust Company of Newark, New Jersey
Newark, New Jersey
Newark is the largest city in the American state of New Jersey, and the seat of Essex County. As of the 2010 United States Census, Newark had a population of 277,140, maintaining its status as the largest municipality in New Jersey. It is the 68th largest city in the U.S...
was named an ancillary receiver (legal) for McCrory's on January 16, 1933.
J.G. McCrory went on to found McCrory Stores
McCrory Stores
J.G. McCrory's or McCrory Stores was a chain of five and dime stores in the United States based in York, Pennsylvania. The stores typically sold shoes, clothing, housewares, fabrics, penny candy, toys, cosmetics, and often included a lunch counter or snack bar...
.