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Steinberg's (electronics store)

From Alfawiki
Steinberg's Inc.
Company typePrivate
IndustryRetail (consumer electronics and home appliances)
Founded1921 in Cincinnati, Ohio, United States
FounderEly Steinberg
Defunct1997
FateBankruptcy and liquidation
Headquarters
Reading, Ohio
,
United States
Area served
Midwestern United States (Ohio, Indiana, Kentucky, Tennessee)
ProductsConsumer electronics, home appliances, musical instruments

Steinberg's Inc. () was a retail chain specializing in consumer electronics and home appliances, headquartered in Reading, Ohio. Established in 1921 by Ely Steinberg, the company remained under Steinberg family control until its bankruptcy and subsequent liquidation in 1997. The business primarily catered to customers throughout the Midwestern United States.

History

Ely Steinberg opened his initial stores in 1921 located in Cincinnati, Ohio, with a focus on musical instruments and electronic audio devices such as the Victrola and crystal radio sets. Among the early clientele was notable Cincinnati radio station WLW-AM’s owner, Powel Crosley Jr..

During the Great Depression, the original Steinberg stores were shuttered, but one outlet resumed operations in 1937.

Growth

Over time, Steinberg's diversified its inventory to include household appliances like stoves, refrigerators, dishwashers, as well as televisions and personal computers. By the 1990s, the company managed 22 retail locations spanning Ohio, Indiana, Kentucky, and Tennessee.

Confronted with intense competition from larger chains such as Sun Television and Appliances and Roberd's Grand, Steinberg's ceased operations abruptly on September 22, 1997. The following day, it briefly reopened before filing for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of Ohio.

See also

External links