Herberger's
| File:Herberger's logo.svg | |
| Herberger's | |
| Company type | Subsidiary |
| Industry | Retail |
| Founded | 1927 (original); 2018 (revival) |
| Founder | G. R. Herberger |
| Defunct | Template:End date and age (original) Template:End date and age (revival) |
| Headquarters | St. Cloud, Minnesota, United States |
| Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, housewares |
| Owner | Saks, Inc. (1997–2006) The Bon-Ton (2006–2018) CSC Generation (2018–2021) BrandX (2021–present) |
| Parent | BrandX (2021–present) |
| Website | herbergers |
G. R. Herberger Inc. was a department store chain founded in 1927 in the Midwest region of the United States and ceased operations in 2018.
History
The origins of Herberger's trace back to Osakis, Minnesota, where G.R. "Bob" Herberger launched his inaugural store in 1927. The company was formally incorporated in 1943 to facilitate the acquisition of additional outlets and expansion into new markets. By 1972, Herberger's had grown to encompass 11 stores across four states, with its headquarters situated in downtown St. Cloud, Minnesota. At that time an employee-owned enterprise, G. R. Herberger's, Inc. merged with Proffitt's Inc. in 1997 through a stock transaction valued at roughly $160 million (~$Template:Format price in Template:Inflation/year).
As Proffitt's Inc. transformed into Saks Incorporated following its acquisition of Saks Fifth Avenue, Herberger's was integrated into the company's Northern Department Store Group—a collection of retail locations initially acquired by Proffitt's as part of Carson Pirie Scott & Company. On October 31, 2005, Saks announced the sale of Herberger's along with other Northern Department Store Group entities (Carson Pirie Scott, Bergner's, Boston Store, and Younkers) to Bon-Ton Stores in a $1.1 billion agreement; this deal was finalized on March 6, 2006.
On April 17, 2018, Bon-Ton declared it would shutter all 267 stores and commence liquidation after auction winners Great American Group and Tiger Capital Group acquired the company for an estimated $775.5 million. This closure encompassed all remaining Herberger’s outlets after operating for 91 years. Retail analyst Mitch Nolen reported that store closures occurred within approximately 10 to 12 weeks.
Later that year, the Fargo Forum revealed that the Herberger’s website had been reactivated displaying the message "Herberger’s is coming back," coinciding with the final store closing on August 31, 2018. The report did not clarify details regarding funding or ownership of the brand revival nor address whether employee retirement benefits remained unresolved following asset transfers.
Herberger’s experienced a relaunch after CSC Generations acquired Bon Ton, Inc., including its brands and customer databases. On October 1, 2018, announcements indicated plans for reopening multiple Herberger’s stores across Minnesota, with Rochester anticipated to host the initial reopening.
In or around 2021, CSC Generations transferred ownership of Herberger’s to BrandX and suggested imminent store openings; however, as of 2024 this revival has yet to come to fruition.[1]
References
- ↑ Lua error in Module:Citation/CS1/Configuration at line 2123: attempt to index field '?' (a nil value).
External links
Template:Bon-Ton Stores Template:Department stores in the United States
- Pages with script errors
- Articles with short description
- Articles with hatnote templates targeting a nonexistent page
- Pages with broken file links
- Milwaukee-based companies
- Midwestern United States economy
- Northeastern United States economy
- United States clothing retailers
- Minnesota-based defunct department stores
- Retail enterprises founded in 1927
- Retail enterprises closed in 2018
- 1927 establishments in Minnesota
- 2018 closures in Minnesota
- American firms established in 1927
- American firms dissolved in 2018
- Companies filing Chapter 11 bankruptcy in 2018
- Companies filing Chapter 7 bankruptcy in 2018
- Defunct department stores based in Minnesota