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Benny’s Bromberg Says Family Tried to Sell the Company — GoLocal LIVE

Tuesday, September 12, 2017

 

Arnold Bromberg

Amazon, size of the chain, and failure to adjust to a digital age were all factors in the demise of the 93-year-old chain Benny’s.

“Retail environment is changing…its going online and it's not the only thing, but a big part of it,” said Arnold Bromberg, VP of Benny's, on GoLocal LIVE. 

Benny’s did not sell online, for the most part, did not market online, and continued to run Sunday inserts in local newspapers.

Bromberg is a third-generation family member and has been one of the managers of the company for decades. He told GoLocal CEO Josh Fenton that he worked to sell the company rather than close the 31 store chain.

He had worked at the company since he was in high school. He started by building bikes in the summers on the third floor of the Benny's then-located in a house on North Main Street in Providence. Today, he is 66-years-old.

Last Friday, the family announced they would be closing all of the stores — located in Rhode Island, Massachusetts, and Connecticut — by the end of 2017.

As a result of the stores closing and the chain's demise, more than 700 full and part-time employees will be laid-off.

 

Related Slideshow: Retailer Store Closings in U.S. Thru June 2, 2017

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Payless Inc.

Number of Stores Closed: 512 

 

note: Payless is trying to close an additional 296 stores - dependent on negotiations with landlords

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Rue 21

Number of Stores Closed: 400

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Gymboree

Number of Stores Closed: 350

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The Limited

Number of Stores Closed: 250

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hhgregg

 Number of Stores Closed: 220

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GameStop

Number of Stores Closed: 190

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Bebe Stores, Inc.

Number of Stores Closed: 180

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Wet Seal

Number of Stores Closed: 171

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Crocs, Inc.

Number of Stores Closed: 160

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Sears and Kmart

Number of Stores Closed: 160

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JCPenny

Number of Stores Closed: 138

 

Note: Already Closed its ProvPlace location - that space has been converted to parking

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BCBG

Number of Stores Closed: 120

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American Apparel

Number of Stores Closed: 110

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Gordmans Stores, Inc

Number of Stores Closed: 101

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Michael Kors

Number of Stores Closed: 100

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Staples

Number of Stores Closed: 70

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CVS

Number of Stores Closed: 70

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Macy’s

Number of Stores Closed: 68

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MC Sports

Number of Stores Closed: 68

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Guess

Number of Stores Closed: 60

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Chico’s

Number of Stores Closed: 50

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Lucy Activewear

Number of Stores Closed: 44

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lulemon athletica

Number of Stores Closed: 40

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Eastern Outfitters

Number of Stores Closed: 36

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Gander Mountain

Number of Stores Closed: 32

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Ralph Lauren

Number of Stores Closed: 23

 
 

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