Retail conglomerate | |
Founded | 1967 |
Defunct | 1981 |
Headquarters | Washington, D.C. |
Garfinckel, Brooks Brothers, Miller & Rhoads, Inc. was a Washington, D.C.-based national retail conglomerate that existed from 1967 to 1981.
The conglomerate was formed in 1967, when the Julius Garfinckel & Co., who in 1946, had purchased the men's specialty retailer Brooks Brothers, acquired the Richmond, Virginia-based Miller & Rhoads chain. The conglomerate operated 29 department and specialty stores in its four divisions in 1968. The fourth division was De Pinna. In 1950, Garfinckel's had acquired the De Pinna stores, but closed the three apparel stores in that division in 1969. That same year, it acquired the six-store chain of Miller, Inc. of Knoxville, Tennessee. That chain was later renamed Miller's of Tennessee in 1973, after acquisition of Miller Brothers of Chattanooga.
The conglomerate continued to expand during the 1970s and became an extremely profitable enterprise. As part of an "aggressive expansion" program, the Washington, D.C.-based Joseph R. Harris Co. was acquired in 1971; an 11 store apparel chain with nine stores in the Washington area and stores in Atlanta, Georgia and Charlotte, North Carolina. That chain was also a locally owned Washington D.C.-based apparel retailer whose founder, Joseph R. Harris, had close ties to the Garfinckel leadership. The following year, Harzfeld's a Kansas City, Missouri-based chain of six women's and children's high-end apparel stores was acquired for $3 million. In 1973, the conglomerate operated 66 stores in 14 state and the District of Columbia. After acquiring two Gus Meyer stores in Oklahoma City and Tulsa, Oklahoma in 1974 (to be folded into Harzfeld's), there were 86 stores nationwide. In 1977, the conglomerate executed a major expansion with acquisition of the 27 store Ann Taylor women's fashion store chain and 73 Catherine's Stout Shoppe stores, a chain specializing in large size fashion apparel. The former was acquired that year for $14 million and the latter for $23.4 million. That year, the company consisted of 192 retail units. Despite the economic downturn in 1976-77, the conglomerate was the most profitable in its history.