Highland Superstores
| Company type | Public |
|---|---|
| Industry | Consumer electronics retail |
| Founded | 1933 |
| Founder | Harry Mondry |
| Defunct | 1993 |
| Headquarters | Plymouth, Michigan , United States |
Area served | Midwest, New York, Texas (former) |
| Products | Consumer electronics, household appliances |
Overview
Highland Superstores was a retail chain in the United States specializing in consumer electronics and household appliances. The company originated in 1933 under the name Highland Appliance, established by Harry Mondry in Highland Park, Michigan. By the late 1970s, the business had expanded to 18 locations across the Midwest, with its corporate headquarters situated in Plymouth, Michigan.
Going public in 1985, Highland Superstores operated 84 outlets at that time, ranking as the second-largest electronics retailer nationwide after Circuit City. Despite its extensive footprint, the company encountered financial difficulties during the late 1980s and early 1990s. In response, Highland engaged an investment advisory firm in 1990 to evaluate strategic options for its future. By then, the chain had also extended its presence into New York and Texas. However, intense competition in Texas prompted Highland to withdraw from that market in 1991, refocusing efforts on maintaining approximately 50 stores within the Midwest region.
In August 1992, Highland Superstores filed for Chapter 11 bankruptcy protection and proceeded to liquidate its remaining 30 stores by 1993.
References
- Articles with short description
- Former consumer electronics retailers in the United States
- Michigan-based companies no longer operating
- Retail businesses in the United States that have ceased operations
- Enterprises located in Wayne County, Michigan
- Highland Park, Michigan
- Businesses founded in Michigan in 1933
- Companies dissolved in Michigan in 1993
- Retail firms established in 1933
- Retail firms closed in 1993
- Businesses that filed Chapter 11 bankruptcy in 1992
- Initial public offerings during the 1980s
- Former Nasdaq-listed companies
- Defunct retail companies of the United States