Gantos
| Industry | Clothing retailer |
|---|---|
| Founded | 1932 |
| Defunct | 2000 |
| Fate | Bankruptcy |
| Headquarters | Grand Rapids, Michigan |
Gantos was a women's specialty clothing retailer based in Grand Rapids, Michigan, USA. The company was founded in 1932 and specialized in private label and name brand apparel.[1]
Gantos was founded by Lebanese immigrant couple Theodore and Haseebie Gantos. It started as a linen store and then sold hosiery until Haseebie suggested the inclusion of women's sportswear, blouses and lingerie. In the late 1980s, Forbes Magazine named Gantos one of the fastest growing women's specialty retailers in the country, and by early 1993 the company grew to a peak of 163 stores.[2][3] However, in late 1993, the company announced bankruptcy reorganization, closing 50 stores between 1993 and 1994.[4] Following these closures, the chain moved their headquarters to Stamford, Connecticut and made an attempt over the next several years to turn the business around. Ultimately by the end of the decade they announced the liquidation of their remaining 114 stores across 24 states, with the company ceasing operation in 2000.[2]
References
[edit]- ↑ "History of Gantos, Inc. – FundingUniverse".
- 1 2 Andy Rent (July 31, 2017). "Do You Remember Gantos?". 100.5 The River. Retrieved October 28, 2020.
- ↑ "History of Gantos, Inc. – FundingUniverse". www.fundinguniverse.com. Retrieved 24 August 2021.
- ↑ "Gantos to go: Mall Store Falls Victim To Chain's Chapter 11 Filing". Daily Press. 6 December 1993. Retrieved 30 September 2019.
- Companies based in Grand Rapids, Michigan
- Clothing retailers of the United States
- Defunct companies based in Michigan
- Companies that filed for Chapter 11 bankruptcy in 1993
- Companies that filed for Chapter 11 bankruptcy in 1999
- 1932 establishments in Michigan
- Retail companies established in 1932
- Defunct retail companies of the United States
- United States retail company stubs