Harmon Discount
 Logo used from 2007 to 2023 | |
| Formerly | Harmon Face Values, Harmon Discount Health & Beauty |
|---|---|
| Company type | Private |
| Industry | Retail |
| Founded | 1971 |
| Defunct | Template:End date and age (original company) |
| Fate | Liquidation |
| Headquarters | Union, New Jersey, United States |
| Products | Cosmetics, beauty supplies, skin care, hair care, oral care, personal care, health, travel products, baby products, clothing solutions, household products, food and drink products, cleaning supplies, gifts |
| Owner | Jonah Raskas (2023-present) |
| Parent | Bed Bath & Beyond (2002–2023) |
| Website | www |
Harmon Discount—formerly known as Harmon Face Values and Harmon Discount Health & Beauty—is a U.S.-based retailer operating both physical stores and an online platform that focuses on health and beauty merchandise. The company was under the ownership of Bed Bath & Beyond from 2002 until its closure in 2023. Subsequently, it has been relaunched under new management.
While the majority of its outlets were concentrated within the New York metropolitan area, additional locations existed in states such as Florida, Nevada, and California. The Harmon brand also served as a private label for various items distributed through Bed Bath & Beyond stores nationwide.
History
In March 2002, Bed Bath & Beyond completed the acquisition of the Harmon retail chain.[1] Five years later, in April 2007, the company underwent a rebranding initiative that resulted in the adoption of the name Harmon Face Values.[2]
On September 29, 2017, Bed Bath & Beyond introduced an experimental retail concept titled "Face Values & Beyond," which combined elements of both Bed Bath & Beyond and Harmon Face Values stores.[3] This hybrid store format was discontinued in 2022.[4]
On January 5, 2023, it was revealed that Bed Bath & Beyond—Harmon's parent company—was experiencing financial difficulties and was contemplating bankruptcy within the near future.[5] Subsequently, on January 27, Bed Bath & Beyond declared the decision to liquidate all 52 existing Harmon outlets. The complete shutdown of these stores was finalized by February 26, 2023.[6][7] When Bed Bath & Beyond filed for Chapter 11 bankruptcy in April of the same year, Harmon was included in the filing despite having ceased operations prior to the bankruptcy declaration.[8][9] Certain former Harmon Face Values assets were acquired by smaller private enterprises.
In the year 2023, private investor Jonah Raskas purchased the Harmon brand and business. By early 2024, he had reopened a location at North Ridge Shopping Center in New Rochelle, New York, along with launching an online store operating under the name Harmon Discount. His strategy includes plans to revive at least five previously closed store locations.[10][11]
References
- ↑ "Bed Bath & Beyond Buys Harmon Stores". March 4, 2002. Retrieved January 24, 2023.
- ↑ "Harmon Discount Health and Beauty to be renamed". April 16, 2007. Retrieved January 24, 2023.
- ↑ "Face Values & Beyond opens". October 2, 2017. Retrieved January 24, 2023.
- ↑ "Bed Bath & Beyond spinoff to close". January 13, 2022. Retrieved January 24, 2023.
- ↑ "Bed Bath & Beyond faces potential bankruptcy filing". January 5, 2023. Retrieved January 24, 2023.
- ↑ Sozzi, Brian (January 27, 2023). "Bed Bath & Beyond makes desperate move while teetering toward bankruptcy". Yahoo Finance. Retrieved January 27, 2023.
- ↑ Holman, Jordyn (March 20, 2023). "The Chaotic, Dispiriting Work of Liquidating Harmon Stores". The New York Times. ISSN 0362-4331. Retrieved June 19, 2023.
- ↑ Fonrouge, Gabrielle (April 23, 2023). "Bed Bath & Beyond files for bankruptcy protection after failed turnaround efforts". CNBC. Retrieved April 23, 2023.
- ↑ "Harmon bankruptcy". BKData. April 23, 2023. Retrieved April 27, 2023.
- ↑ "Some Buy Buy Baby and Harmon stores will reopen after Bed Bath & Beyond bankruptcy". MarketWatch. August 17, 2023. Retrieved August 17, 2023.
- ↑ "Former Bed Bath And Beyond Brand Making A Comeback In NJ". Patch. October 25, 2024.
- United States retail corporations
- American enterprises founded in 1971
- Retail businesses founded in 1971
- Cosmetics retailers
- Union Township, Union County, New Jersey
- Corporations headquartered in Union County, New Jersey
- Retail firms dissolved in 2023
- 2023 closures in New Jersey
- Companies that initiated Chapter 11 bankruptcy proceedings in 2023
- Retail companies of the United States