Neisner's
Encyclopedia
Neisner's or Neisner Brothers was a former chain of variety stores in North America.
in 1911. The company was incorporated in New York in 1916, by which time they had five stores, selling merchandise from 5 cents to a dollar. The company acquired a large interest in British Home Stores, a chain of similar stores in the United Kingdom
in 1929, but sold their interest in the late 1930s.
The company prospered during the Depression
, and by 1935, Neisner's had 103 stores in 63 cities in 16 states.
Abraham Neisner died in 1933, whilst travelling aboard the SS Rex
. Neisner's was later headed by Joseph's son Fred Neisner, who became chairman of the board
, with Abraham's son Melvin Neisner, as company president.
Neisner's filed a petition for bankruptcy
on 1 December 1977. The chain was acquired by Ames Department Stores in November 1978.
History
The brothers Abraham and Joseph Neisner opened their first variety store in Rochester, New YorkRochester, New York
Rochester is a city in Monroe County, New York, south of Lake Ontario in the United States. Known as The World's Image Centre, it was also once known as The Flour City, and more recently as The Flower City...
in 1911. The company was incorporated in New York in 1916, by which time they had five stores, selling merchandise from 5 cents to a dollar. The company acquired a large interest in British Home Stores, a chain of similar stores in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
in 1929, but sold their interest in the late 1930s.
The company prospered during the 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...
, and by 1935, Neisner's had 103 stores in 63 cities in 16 states.
Abraham Neisner died in 1933, whilst travelling aboard the SS Rex
SS Rex
The SS Rex was an Italian ocean liner launched in 1931. It held the westbound Blue Riband between 1933 and 1935. Originally built for the Navigazione Generale Italiana as the SS Guglielmo Marconi, its state-ordered merger with the Lloyd Sabaudo line meant that the ship sailed for the newly created...
. Neisner's was later headed by Joseph's son Fred Neisner, who became chairman of the board
Chairman of the Board
The Chairman of the Board is a seat of office in an organization, especially of corporations.Chairman of the Board may also refer to:*Chairman of the Board , a 1998 film*Chairmen of the Board , a 1970s American soul music group...
, with Abraham's son Melvin Neisner, as company president.
Neisner's filed a petition for bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
on 1 December 1977. The chain was acquired by Ames Department Stores in November 1978.
External links
- Lehman Brothers 20th Century Business Archives http://www.library.hbs.edu/hc/lehman/chrono.html?company=neisner_brothers_inc