Rich's (discount store)

Rich's Department Stores
Discount Department Store
Industry Retail
Fate Bankruptcy
Founded 1962
Defunct 1997
Headquarters Salem, Massachusetts
Products Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics and housewares.
Website None

Rich's was a family-owned business that was established in 1962, grew out of Jerry's Army Navy Surplus in Salem, Massachusetts, USA. The Rich family once operated 29 stores in Maine, New Hampshire, Vermont and Massachusetts, which offered discounted merchandise.

History

The chain went bankrupt on March 14, 1996.[1] Nearly 2,000 workers at the company's 26 stores in Massachusetts, Maine, New Hampshire, and Vermont lost their jobs by February 1997.

Notes

  1. ↑ "Department chain closing all 20 stores". Bangor Daily News. 1996-12-20. Retrieved 2011-11-05.


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