Oshman's Sporting Goods
Encyclopedia
Oshman's Sporting Goods Inc. was a sporting goods retailer in the United States
. Its headquarters was in East End, Houston, Texas
. It operated traditional sporting goods stores and Oshman's Supersports USA megastores.
. In 1930 he moved to Houston by buying the stock of a bankrupted dry goods store in that city. While he liquidated the inventory of the Richmond store, he observed that sporting goods were the fastest selling items. In 1931 he opened the first Oshman's Sporting Goods location. The company Oshman's Sporting Goods, Inc. incorporated in 1946. Oshman died in 1965. By that year Oshman;'s was Texas's largest sporting goods chain.
In the 1970s Oshman's was expanding in the Los Angeles
area.
In 1978 Oshman's purchased the rights to the trade name of Abercrombie and Fitch from First National Bank of Chicago. As of October 31, 1987 the company operated 185 traditional stores, one Super Sports USA store, and 27 Abercrombie and Fitch stores. Around December 25 that year it stopped its proposed $50 million sale (of which $20 million could be in banknotes) of the stores to an investor group in New Jersey
.
By the mid-1980s the chain had over 200 stores in the U.S. Sun Belt
.
In 1993 the company stated that it planned to close 33 stores.
In 2001 Gart Sports Company announced that it would buy Oshman's for a combination of cash and stock valued around $82 million. In June of that year it merged into GSC Acquisition Corp., a wholly owned subsidiary of Gart.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Its headquarters was in East End, Houston, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
. It operated traditional sporting goods stores and Oshman's Supersports USA megastores.
History
In 1919 Jake Oshman opened a store, Oshman's Dry Goods, in Richmond, TexasRichmond, Texas
-Demographics:As of the census of 2000, there were 11,081 people, 3,413 households, and 2,628 families residing in the city. The population density was 2,975.4 people per square mile . There were 3,595 housing units at an average density of 965.3 per square mile...
. In 1930 he moved to Houston by buying the stock of a bankrupted dry goods store in that city. While he liquidated the inventory of the Richmond store, he observed that sporting goods were the fastest selling items. In 1931 he opened the first Oshman's Sporting Goods location. The company Oshman's Sporting Goods, Inc. incorporated in 1946. Oshman died in 1965. By that year Oshman;'s was Texas's largest sporting goods chain.
In the 1970s Oshman's was expanding in the Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
area.
In 1978 Oshman's purchased the rights to the trade name of Abercrombie and Fitch from First National Bank of Chicago. As of October 31, 1987 the company operated 185 traditional stores, one Super Sports USA store, and 27 Abercrombie and Fitch stores. Around December 25 that year it stopped its proposed $50 million sale (of which $20 million could be in banknotes) of the stores to an investor group in New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
.
By the mid-1980s the chain had over 200 stores in the U.S. Sun Belt
Sun Belt
The Sun Belt or Spanish Belt is a region of the United States generally considered to stretch across the South and Southwest . Another rough boundary of the region is the area south of the 36th parallel, north latitude. It is the largest region which the U.S government does not recognize officially...
.
In 1993 the company stated that it planned to close 33 stores.
In 2001 Gart Sports Company announced that it would buy Oshman's for a combination of cash and stock valued around $82 million. In June of that year it merged into GSC Acquisition Corp., a wholly owned subsidiary of Gart.
Corporate affairs
In 1991 the company stated that it would consolidate the offices of its California and Texas divisions into its headquarters in Houston. The company said that the competitive conditions of the retailing industry and the slowing economy prompted its move.External links
- Oshman's Sporting Goods (Archive)