Type | Private |
---|---|
Industry | Retail |
Founded | September 26, 1909 |
Founders | Alfred J. Richard Pieter Christian Richard |
Headquarters | Farmingdale, New York, U.S. |
Area served | Northeastern United States |
Key people | Gregg Richard (President and CEO)[1] |
Revenue | US$1.5 billion (2008)[2] |
Number of employees | ~3,000 (2018)[3] |
P.C. Richard & Son, commonly known as simply P.C. Richard, is the largest chain of private, family-owned appliance, television, electronics, and mattress stores in the United States.[4] Its 66 stores are located in New York, New Jersey, Connecticut and Pennsylvania, with the majority of the stores located on Long Island, including the New York City boroughs of Queens and Brooklyn. The company is also known for its trademark whistle jingle created by Soundsmith worker Leer Leary. It is used by the New York Yankees after striking out an opposing batter at Yankee Stadium. It is also used by the Long Island Ducks of the Atlantic League of Professional Baseball after striking out an opposing batter at Fairfield Properties Ballpark.
History
In 1909, Pieter Christian Richard, who left Holland in 1899, opened a small hardware store in Bensonhurst, Brooklyn (“Work Well Done” 14). In October of that same year, P.C.’s son, Alfred J. Richard (A.J.), was born. Born into the business less than a month after it opened, A.J. played an important role from the beginning. He spent his childhood helping out at the store, only leaving it to go to school. When he completed ninth grade in 1923, A.J. decided to drop out of school and focus entirely on helping his family and building the business (“Work Well Done” 25). A.J. was responsible for introducing the first electric appliance to the inventory, the electric clothes iron, as well as time payments so his customers could afford them (“Work Well Done” 32).
On February 1, 1947, A.J. officially took over as the company president and majority shareholder. It was around this time that he began to introduce his sons, Peter and Gary, to the family business (“Work Well Done” 58). Soon, the company grew into a chain as it expanded into Long Island. After the death of his father P.C. in 1972, A.J. promoted himself to chairman of the board in 1974, and he held that position until his death, well into his nineties. Peter and Gary were originally named co-presidents, but this arrangement changed in 1982, when Gary became president and Peter became executive vice president. Soon, Gary’s son Gregg began to work his way into the fabric of the company in the same way his father and grandfather had, until he became president in 2004. A.J. died weeks later at ninety-five years old. "The fourth generation, Gregg Richard, Bonni Rondinello and Peter Richard, III" are now involved in helping to run what their great-grandfather began.[1][5][6]
Growth and expansion
P.C. Richard and Son expanded into New Jersey in 1993 (“Work Well Done” 111). Between 1995 and 2003, it opened fifteen new showrooms in New Jersey, Westchester County, Manhattan, Brooklyn, Queens, and Long Island (“Work Well Done” 127).
In 2009, P.C. Richard and Son opened 6 new stores in former Circuit City locations, including its first in Connecticut. It continued to expand in Connecticut in 2010, opening stores in Milford, North Haven, Danbury, Newington, Manchester, and Enfield.[7] The first Pennsylvania superstore opened in Philadelphia in June of that year.
The company added mattresses to its inventory in 2014, featuring Sealy, Stearns & Foster, and Tempur-Pedic brands in fourteen stores.
In 2016, P.C. Richard and Son began an exclusive retail partnership with Beko, one of Europe's leading appliance brands. This is Beko's first appearance in the United States market.
Builders Division
Separate from its retail operations, the company has a unit it calls its Builders Division, to arrange bulk purchases by builders, property managers and large facilities.[8][9][10]
Official sponsorships
- Official Appliance, Electronics and Mattress retailer of the New York Yankees
- Barclays Center (NY)
- The Long Island Ducks (NY)[11][12]
- iHeartRadio Theater (NY) (ground floor 250-seat theater at 32 Avenue of the Americas formerly known as P.C. Richard & Son Theater) [13][14]
- New York Islanders (NY)
- Brooklyn Nets (NY)
- Music Conservatory of Westchester[15][16]
- Nassau Coliseum (NY)
- The Somerset Patriots (NJ)
- Raceway Park (NJ)
- Splish Splash Water Park (NY)
- Sun National Bank Center (NJ)
- UConn Athletics (CT)
- Webster Bank Arena (CT)
Thanksgiving
The New York Times wrote that "the chain's commercials emphasize people over products"[5] and added that "some of their ads strike an earnest tone that evokes Norman Rockwell's America" and quoted a customer view about "what makes P.C. Richard tick." Part of this approach, according to what The New York Daily News printed, is being "a store that values employees enough to let them spend Thanksgiving with their families."[17] New York Newsday wrote about being "closed on Thanksgiving and opening at 4 a.m. on Black Friday."[18]
Social networking supports being closed on Thanksgiving, said a 2014 New York Post opinion item.[19]
References
- 1 2 Jasmin K. Williams (October 11, 2005). "A New York Institution". The New York Post.
- ↑ Siwolop, Sana (February 17, 2009). "P. C. Richard Takes On the New Jersey Turnpike". The New York Times.
- ↑ "Thank You, P.C. Richard & Son for 20+ Great Years in Union Square". Union Square Partnership. January 25, 2018. Archived from the original on 2020-02-28.
- ↑ "Beating the Odds: How PC Richard & Son, the largest privately held appliance and electronics retailer in the country, continues to thrive through 100 years and four generations" (PDF). Growing Your Business. PriceWaterhouseCoopers LLP. 2010. Archived (PDF) from the original on February 29, 2012.
- 1 2 Warren Strugatch (December 14, 2003). "P.C. Richard Takes a 'Down Home' Approach". The New York Times.
- ↑ "four generations of family involvement"
- ↑ P.C. Richard & Son New Stores Archived 2010-12-20 at the Wayback Machine, P.C. Richard & Son Website as of August 23, 2010
- ↑ "Fordham Specific Agreements/Programs".
.. has a specialty agreement with P.C. Richard's Builders' Division
- ↑ "Manhattan Builders & Contractors". The Manhattan Buzz.
- ↑ "MINUTES Regular Meeting of the Board of Commissioners" (PDF).
option to renew the contract with P.C. Richard Builders Division for the purchase of
- ↑ "Schedule: Long Island Ducks Baseball".
courtesy of P.C. Richard & Son
- ↑ "Long Island Ducks Opening Night Giveaway Announced". February 5, 2015.
receive .. presented by P.C. Richard & son
- ↑ "Nosy Neighbor: P.C. Richard & Son Theater". Tribeca Citizen. November 8, 2010. Archived from the original on July 10, 2019. Retrieved March 18, 2020.
- ↑ "iHeartRadio Theater". QRO Magazine. December 4, 2009. Archived from the original on September 11, 2019. Retrieved March 18, 2020.
- ↑ "A Perfect Performathon 2019!". Music Conservatory. 10 December 2019.
4th consecutive year of supporting
- ↑ "Music Conservatory of Westchester's Performathon". December 13, 2018.
- ↑ "Readers sound off on Black Friday". The New York Daily News. November 25, 2011.
- ↑ Keiko Morris (November 14, 2012). "P.C. Richard & Son resists trend to open on Thanksgiving day". Newsday.
- ↑ Nicole Gelinas (November 23, 2014). "A social boycott: Networking to roll back Thanksgiving store hours". New York Post.
External links
- Media related to P. C. Richard & Son at Wikimedia Commons
- P.C. Richard & Son
Further reading
- Smith, Jim H. "Work Well Done." Old Lyme: Greenwich Group, 2009. Print.
- "Our History." Our History. N.p., n.d. Web. 23 May 2016. <http://www.PCRichard.com/our-company/history>.
- "WebCite Query Result." WebCite Query Result. N.p., n.d. Web. 23 May 2016. <https://www.webcitation.org/6PG1fB5SD?url=http://www.pwc.com/en_US/us/private-company-services/assets/gyb-vol-61-beating-the-odds.pdf>.
- "Family Matters In P.C. Richards' Growth." Tribunedigital-thecourant. N.p., 2010. Web. 23 May 2016. <http://articles.courant.com/2010-08-24/business/hc-haar-pc-richard-column-20100823_1_manchester-store-milton-rosenberg-circuit-city>.
- P.C. Richard Adds Mattress Departments. Twice. N.p., 2014. Web. 31 May 2016. <http://www.twice.com/news/retail/pc-richard-adds-mattress-departments/47258>.