Peck & Peck
| Company type | Private (former) |
|---|---|
| Industry | Retail (women's apparel) |
| Founded | 1888 |
| Founder | Edgar Wallace Peck, George H. Peck |
| Defunct | 1991 |
| Fate | Bankruptcy; brand acquired and revived by Stein Mart |
| Headquarters | New York City , United States |
Area served | United States |
| Products | Women's clothing |
Peck & Peck was a women's apparel retailer headquartered in New York City, with its flagship store situated at 581 Fifth Avenue.[1]
Renowned for its timeless clothing styles, Peck & Peck, much like Bonwit Teller and B. Altman and Company, epitomized the fashion trends of New York's pre-hippie period following World War II.<ref> It thrived during an era when WASP aesthetics dominated both retail outlets and fashion publications.<ref>
For authors such as Joan Didion, Peck & Peck symbolized a distinct sartorial identity.<ref> Among its signature items was the understated yet elegant A-line dress.
History
Established in 1888 by brothers Edgar Wallace Peck and George H. Peck,<ref> the company originally operated as a hosiery shop near Madison Square.<ref> At the time of Edgar Peck’s passing, Time magazine noted that the siblings had once been required to pay rent daily to a skeptical landlord,<ref> but their enterprise had expanded to 19 locations.<ref> Eventually, Peck & Peck grew to encompass 78 stores nationwide.
The retailer filed for Chapter 11 bankruptcy protection in 1974,[2] and in 1976 it was acquired by Minneapolis-based firm Salkin & Linoff.[3] Due to ineffective management combined with a highly decentralized store network, the brand gradually ceased operations and was sold off in segments.[3] During the mid to late 1980s, several stores were divested to H. C. Prange Co. located in Sheboygan, Wisconsin. The final five outlets under Salkin & Linoff were shuttered in January 1991, with remaining assets liquidated through bankruptcy proceedings.[3]
Following Peck & Peck’s decline, other apparel chains such as Ann Taylor and Talbots rose to prominence. Since 2008, the Peck & Peck trademark has been owned by Stein Mart, which uses it for a women's clothing collection.
In August 2020, Stein Mart filed for Chapter 11 bankruptcy amid challenges posed by the COVID-19 pandemic, announcing plans to close all of its 279 stores and effectively ending the last vestiges of the Peck & Peck brand.[4] Nevertheless, after Stein Mart relaunched as an online-only retailer independent of its former entity, the Peck & Peck name was revived once more.
References
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External links
- 1888 establishments in New York (state)
- 1976 mergers and acquisitions
- 1991 disestablishments in New York (state)
- Clothing companies of the United States
- Commercial buildings in Manhattan
- Fifth Avenue
- History of New York City
- Companies that filed for Chapter 11 bankruptcy in 1974
- Companies that filed for Chapter 11 bankruptcy in 1990
- Companies that filed for Chapter 11 bankruptcy in 2020
- Retail companies established in 1888
- Shops in New York City
- Retail companies disestablished in 1991