Hechinger
 |
|
| Private | |
| Industry | Retail |
| Founded |
|
| Founder | Sidney L. Hechinger |
| Defunct | 1999 (home improvement retail) 2009 (online retailer) |
| Headquarters | Landover, Maryland, U.S. |
| Products | Lumber, tools, hardware, garden supplies and plants |
| Website | None |
The Hechinger Company was an American chain of home-improvement centers headquartered in Landover, Maryland, on the immediate outskirts of Washington, D.C., from 1911 to 1999. It was also an online retailer owned by Home Decor Products, from 2004 to 2009.
Sidney L. Hechinger had initially established himself in the home-wrecking and salvage business in 1911, and in 1919 opened his first hardware store in Southwest Washington, D.C.
Sidney Hechinger focused his hardware business exclusively on retail customers in 1924, eschewing contractors and builders. His decision foresaw the rise of the home improvement industry before the sector even had a name.
The five-store company reorganized in 1953, with Sidney's son John and son-in-law Richard England becoming partners in the company, which was divided into a retail hardware business and a wholesale building supplies company, the latter being called Richard England Associates. John also served on the City Council of Washington.
In 1972, John Hechinger, Sr. and brother-in-law Richard England took the ten-store company public with an offering of 400,000 shares.
John Hechinger, Jr. became the third generation of Hechingers to head the company when he was named president of the 54-store chain in 1986. Later that year, Hechinger Co. announced plans to reincorporate in Delaware, which was approved in a January 1987 shareholders' meeting.
Hechinger had grown to a 69-store chain by the time it made its December 1987 offer to acquire the six stores of Virginia Beach, Virginia-based Home Quarters Warehouse (HQ) for $66 million. HQ had been founded in 1984 by W.R. Grace & Co. in the mold of big-box stores such as Home Depot, and operated as a separate division of Hechinger Co.
In the 1980s, it underwent a massive expansion of both HQ and the Hechinger Co. divisions, opening big-box stores to better compete with rivals Home Depot and Lowe's.
In January 1995, Hechinger announced it would close or reformat 22 of its 131 stores, including closing all 14 of the Home Quarters Warehouse stores in North and South Carolina. In August of that year, Hechinger Co. consolidated HQ with Hechinger in a further restructuring.
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Wikipedia