Polk Brothers (original) (raw)
Polk Brothers was a large home appliance and electronics retailer in Chicago, Illinois that had 17 stores in the region at its peak in the 1980s. One of the original discounters, Polk Bros. Inc. was founded by Sol Polk, the son of Romanian Jewish immigrants, on the Northwest Side in the Portage Park community area of Chicago in 1935. The first outlet was on Central Avenue under the name Central Appliance and Furniture at 3334 N. Central Avenue. Brothers Sol, Sam, Harry, David and Morris and their sister, Ghisella "Goldie" Bachmann, ran the business, which was renamed Polk Brothers in 1946. By the 1960s, there were two dozen or more family members including uncles, cousins, and in-laws, working in various departments of the company, which became one of the biggest appliance retailers in the
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| dbo:abstract | Polk Brothers was a large home appliance and electronics retailer in Chicago, Illinois that had 17 stores in the region at its peak in the 1980s. One of the original discounters, Polk Bros. Inc. was founded by Sol Polk, the son of Romanian Jewish immigrants, on the Northwest Side in the Portage Park community area of Chicago in 1935. The first outlet was on Central Avenue under the name Central Appliance and Furniture at 3334 N. Central Avenue. Brothers Sol, Sam, Harry, David and Morris and their sister, Ghisella "Goldie" Bachmann, ran the business, which was renamed Polk Brothers in 1946. By the 1960s, there were two dozen or more family members including uncles, cousins, and in-laws, working in various departments of the company, which became one of the biggest appliance retailers in the United States at a time when the industry was very fragmented. Polk Bros. was the dominating electronics/appliance retailer in the Chicago market through the 1980s. The chain was known for its aggressive "let's make a deal" salesmen who would pair off with customers as they came in the door. It was an industry leader in innovative merchandising and was chosen to be the first retailer in the nation to sell color televisions and microwave ovens. In the 1950s and 1960s, when most appliances and stereos were bought at department stores at full price, Polk Bros. pioneered the art of discounting. "The motto was that no customer walks out of the store without buying at least something," recalls Howard Polk. "Whatever it took to make a deal, we gave it to them." The company's influence lives on at Wal-Mart and other chains that advertise, as Polk Bros. did, the lowest prices anywhere. Owner Sol Polk was considered a master pitchman. He ran in-store promotions that offered everything from TVs to Christmas trees. Polk served as the president of the (NARDA), and his innovative and flamboyant promotions of the industry's products gained him nationwide recognition. He also was frequently called on to appear at hearings on proposed industry-related legislative and regulatory hearings held by the United States Congress and federal and state agencies. A fire during the evening of June 1, 1987 that gutted the company's warehouse and adjacent headquarters at 8311 W. North Avenue in Melrose Park put the company in financial straits, and the death a year later of 71-year-old CEO Sol Polk sent it spiraling downward. The 1990-91 recession and the arrival of new competitors such as Best Buy sealed Polk Bros.' fate. The chain officially closed its doors on July 8, 1992, in a grand "going out of business" sale. A Menards occupied the rebuilt Polk Brothers store in Melrose Park until the mid-2010s when it moved out of that store to build a store of its own further west on North Avenue (Chicago) just east of the Navistar plant. (en) |
| dbo:foundingYear | 1935-01-01 (xsd:gYear) |
| dbo:industry | dbr:Retailing |
| dbo:keyPerson | dbr:Sol_Polk |
| dbo:location | dbr:United_States dbr:Chicago,_Illinois |
| dbo:product | dbr:Retailing |
| dbo:type | dbr:Public_company |
| dbo:wikiPageExternalLink | http://www.polkbrosfdn.org/ |
| dbo:wikiPageID | 8756462 (xsd:integer) |
| dbo:wikiPageLength | 5642 (xsd:nonNegativeInteger) |
| dbo:wikiPageRevisionID | 1088868409 (xsd:integer) |
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| dbp:defunct | 1992 (xsd:integer) |
| dbp:foundation | 1935 (xsd:integer) |
| dbp:homepage | None (en) |
| dbp:industry | dbr:Retailing |
| dbp:keyPeople | dbr:Sol_Polk |
| dbp:location | dbr:United_States dbr:Chicago,_Illinois |
| dbp:name | Polk Bros., Inc. (en) |
| dbp:numEmployees | NA (en) |
| dbp:products | Retailing-Electronics Retailing-Furniture (en) |
| dbp:revenue | NA (en) |
| dbp:type | dbr:Public_company |
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| dbp:wordnet_type | http://www.w3.org/2006/03/wn/wn20/instances/synset-company-noun-1 |
| dct:subject | dbc:Retail_companies_established_in_1935 dbc:1992_disestablishments_in_Illinois dbc:Retail_companies_disestablished_in_1992 dbc:Defunct_companies_based_in_Chicago dbc:Defunct_retail_companies_of_the_United_States dbc:1935_establishments_in_Illinois dbc:Consumer_electronics_retailers_in_the_United_States dbc:Defunct_companies_based_in_Illinois dbc:Defunct_consumer_electronics_retailers_in_the_United_States |
| gold:hypernym | dbr:Appliance |
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| rdfs:comment | Polk Brothers was a large home appliance and electronics retailer in Chicago, Illinois that had 17 stores in the region at its peak in the 1980s. One of the original discounters, Polk Bros. Inc. was founded by Sol Polk, the son of Romanian Jewish immigrants, on the Northwest Side in the Portage Park community area of Chicago in 1935. The first outlet was on Central Avenue under the name Central Appliance and Furniture at 3334 N. Central Avenue. Brothers Sol, Sam, Harry, David and Morris and their sister, Ghisella "Goldie" Bachmann, ran the business, which was renamed Polk Brothers in 1946. By the 1960s, there were two dozen or more family members including uncles, cousins, and in-laws, working in various departments of the company, which became one of the biggest appliance retailers in the (en) |
| rdfs:label | Polk Brothers (en) |
| owl:sameAs | freebase:Polk Brothers wikidata:Polk Brothers https://global.dbpedia.org/id/4tdFe |
| prov:wasDerivedFrom | wikipedia-en:Polk_Brothers?oldid=1088868409&ns=0 |
| foaf:isPrimaryTopicOf | wikipedia-en:Polk_Brothers |
| foaf:name | Polk Bros., Inc. (en) |
| is dbo:knownFor of | dbr:Sol_Polk |
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| is foaf:primaryTopic of | wikipedia-en:Polk_Brothers |