Sprouse-Reitz

Sprouse-Reitz (Sprouse!)
Public (NASDAQ: STRS)
Industry Retail
Fate Liquidation
Founded Portland, Oregon, United States (1909 (1909))
Defunct 1994 (1994)
Headquarters Portland, Oregon[1]
Number of locations
 Approx. 320 stores (max.)[2]
Area served
 Western United States
Products General Merchandise
Total assets $80 million (1991)[2]

Sprouse-Reitz is a defunct chain of five-and-dime stores based in Portland, Oregon, United States. The Sprouse-Reitz Company was founded in 1909 in Tacoma, Washington.[3] At its peak it had more than 300 stores in eleven states in the Western United States.[1]

Around January 1989,[3] the declining retailer tried to revive its business by rebranding its stores "Sprouse!".[2] In December 1993, Sprouse-Reitz Inc. liquidated and closed its remaining 84 stores after failing to find a buyer. The company estimated that the last stores would close in February.[4] As of late February 1994, the last stores were scheduled to close on March 20.[1]

An early Sprouse-Reitz store still lettered for the company (as of 2008) long after its closure, in Bisbee, Arizona

References

  1. 1 2 3 Hamburg, Ken (February 26, 1994). "End nears for Sprouse-Reitz stores". The Oregonian. p. D1.
  2. 1 2 3 Baker, Nena (September 22, 1991). "Tripp hopes to steer Sprouse-Reitz Inc. clear of troubled waters". The Sunday Oregonian. p. K1.
  3. 1 2 Moscow-Pullman Daily News - Jan 11, 1989 - Sprouse-Reitz Changes Name, Unveils New Look - Google News
  4. ↑ "Sprouse-Reitz Decides to Go Out of Business". The Seattle Times. Associated Press. December 22, 1993. p. D6.


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