47th Street Photo

47th Street Photo

Company type	Private
Industry	Consumer electronics retail
Founded	1967
Defunct	1997
Headquarters	New York City , United States
Area served	United States (including nationwide mail-order)
Products	Consumer electronics

Template:Use mdy dates Template:Use American English 47th Street Photo Moreover, its prominence extended nationwide through a successful mail-order operation. The business was active from 1967 until its closure in 1997.

History

Starting in 1967, 47th Street Photo played a key role in establishing the concept of discounted consumer electronics retailing in New York City. which often resulted in long lines: "Whenever you visit, waiting is inevitable."

At its peak, the company operated five outlets. However, following an economic slump, the flagship 47th Street store shuttered, followed by closures of three additional locations. In 1995, the brand name was licensed to a new management team that ultimately oversaw the company's shutdown, coinciding with the centennial celebration of a geographically nearby rival, Willoughby's.

Other competitors included Newmark and Lewis, Crazy Eddie, Trader Horn, Tops Appliance City, and P.C. Richard & Son. The founder of 47th Street Photo faced ongoing legal difficulties even after the business ceased operations in 1997.