Former type Public (NASDAQ: STRS) Defunct 1994 (1994) Total assets $80 million (1991) Number of locations 320 Area served Western United States | Industry Retail Products General Merchandise Founded Portland Ceased operations 1994 Fate Liquidation | |
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Headquarters Portland, Oregon, United States | ||
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. At its peak it had more than 300 stores in eleven states in the Western United States.
Around January 1989, the declining retailer tried to revive its business by rebranding its stores "Sprouse!". 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. As of late February 1994, the last stores were scheduled to close on March 20.
References
Sprouse-Reitz Wikipedia(Text) CC BY-SA