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{{Short description|American furniture and home décor retailer}}
{{more citations needed|date=September 2018}}
{{Infobox company
{{Infobox company
| name = Gump's
| name = Gump's
Line 7: Line 7:
| type = Private
| type = Private
| traded_as =
| traded_as =
| fate = [[Chapter 11 bankruptcy]] <br>
| fate =
| predecessor =
| predecessor =
| successor =
| successor =
| foundation = {{Start date|1861}}
| foundation = {{Start date and age|1861}}
| founder = Solomon and Gustav Gump
| founder = Solomon and Gustav Gump
⚫
| defunct =
| defunct = {{End date|2018|12|23}} <ref>Gump's Website, [http://www.gumps.com], Retrieved on 24 December 2108</ref><ref>"Longtime Customers Mourn Loss of Historic S.F. Department Store Gump’s on Its Final Day", [https://sanfrancisco.cbslocal.com/2018/12/23/gumps-final-day/], Retrieved on 24 December 2108</ref>
| location_city = [[San Francisco]]
| location_city = [[San Francisco]]
| location_country =
| location_country =
Line 29: Line 29:
| owner =
| owner =
| num_employees =
| num_employees =
| parent = Chachas family<ref>{{Cite web|url=https://www.rli.uk.com/gumps-san-francisco-retailer-has-been-acquired/|title=Gump's has been acquired|work=Retail Insight Network|date=July 8, 2019}}</ref>
⚫
| parent =
| divisions =
| divisions =
| subsid =
| subsid =
| homepage = {{URL|http://www.gumps.com}}
| homepage = {{URL|https://gumps.com/}}
| footnotes =
| footnotes =
| intl =
| intl =
}}
}}

'''Gump's''' is a [[Luxury good|luxury]] American home furnishings and home décor retailer, founded in 1861 in [[San Francisco, California]].
'''Gump's''' is a [[Luxury good|luxury]] American home furnishings and home décor retailer, founded in 1861 in [[San Francisco, California]].<ref>{{Cite web|url=https://www.forbes.com/sites/warrenshoulberg/2019/07/09/mall-of-the-living-dead-add-gumps-and-z-gallerie-to-the-land-of-the-undead/#680801035667|title=Gump's And Z Gallerie Are The Latest Retailers Back From The Dead|author=Warren Shoulberg|work=Forbes|date=9 July 2019}}</ref> The company was acquired by the Chachas family in June 2019 and announced that it would be opening a San Francisco location for the holiday season as well as an e-commerce business.<ref>{{Cite web|url=https://www.sfchronicle.com/business/article/Famed-SF-retail-store-Gump-s-is-coming-back-It-14060133.php|title=Famed SF retail store Gump's is coming back. It may just not be in San Francisco.|author=Sophia Kunthara|work=San Francisco Chronicle|date=June 29, 2019}}</ref>


==History==
==History==
[[File:Solomon Gump.png|thumb|Solomon Gump, c. 1901|alt=Solomon Gump|left]]
S & G Gump was founded in 1861 as a mirror and frame shop by Solomon Gump and his brother, Gustav. It later sold mouldings, gilded cornices and European artwork to those recently made wealthy from the [[California Gold Rush]].
S & G Gump was founded in 1861 as a mirror and frame shop by Solomon Gump and his brother, Gustav. It later sold [[Molding (decorative)|moldings]], gilded [[Cornice|cornices]], and European artwork to those recently made wealthy from the [[California Gold Rush]].


The business flourished and was eventually passed on to Solomon's son Alfred Livingston Gump. The fire following the [[1906 San Francisco earthquake|1906 earthquake]] destroyed the store and all of the merchandise, but thanks to Dodie Valencia, A.L. received $17,000 for one of his paintings, which allowed funding for the rebuilding and restocking of the store. A.L. was fueled by his passion for Oriental art and began selling his exotic collectibles from the Far East. He sent his buyers to [[Japan]] and China, bringing back exotic rugs, porcelains, silks, bronzes and jades to California's new millionaires.{{citation needed|date=September 2018}}
The business flourished; the store sold products ranging from [[Jewellery|jewelry]] made from [[jade]], [[Gemstone|precious gemstones]], and [[cultured freshwater pearls]] to products from luxury designers such as [[Hermès]] and [[Buccellati]]. Customers included [[Franklin D. Roosevelt]], who bought [[Ship model|model ships]] and [[Smoking jacket|smoking jackets]] there, and [[Sarah Bernhardt]], who bought a 17th-century bronze Chinese snake in preparation for playing [[Cleopatra]].<ref name=Ode>{{cite news |author=Bill Van Niekerken |url=https://www.sfchronicle.com/chronicle_vault/article/Ode-to-Gump-s-Memories-flow-from-archive-as-13471074.php |url-status=live |url-access=subscription |archive-url=https://web.archive.org/web/20150911084335/http://www.sfchronicle.com/thetake/article/Unexpected-history-lesson-from-the-Buddha-at-6370697.php?t=7dcf12597c |archive-date=2015-09-11 |title=Ode to Gump's: Memories flow from archive as SF's oldest store says goodbye |newspaper=[[San Francisco Chronicle]] |date=December 19, 2018}}</ref> It was eventually passed on to Solomon's son Alfred Livingston Gump. The fire following the [[1906 San Francisco earthquake|1906 earthquake]] destroyed the store and all of the merchandise, but thanks to Dodie Valencia, A.L. received $17,000 for one of his paintings, which allowed funding for the rebuilding and restocking of the store. A.L. was fueled by his passion for [[History of Asian art|Oriental art]] and began selling his exotic collectibles from the Far East. He sent his buyers to [[Japan]] and [[China]], bringing back exotic rugs, porcelains, silks, bronzes and jades to California's new millionaires.{{citation needed|date=September 2018}}


Richard Gump, one of A.L.’s three children, eventually became president of Gump's after his father's death in 1947. He continued the family legacy, running the company's overall operations until his retirement in 1975.<ref>[http://moorea.berkeley.edu/aboutus/history About Gump Station]</ref> Gump's was sold to publisher [[Crowell Collier]], which after further mergers became [[Macmillan Publishers (United States)|Macmillan Publishers]]. By June 1989, Gump's had again been sold,<ref name=top>Isadore Barmash, [https://www.nytimes.com/1989/08/01/business/business-people-gump-s-specialty-stores-said-to-fill-top-position.html "Business People; Gump's Specialty Stores Said to Fill Top Position"],''The New York Times'', August 1, 1989.</ref> this time to an investment group including Japan's Tobu Department Store, and the [[Charterhouse Group]]. Catalog company Hanover Direct bought Gump's in 1993 and sold it to an investment group in 2005.<ref>Jenny Strasburg, [https://www.sfchronicle.com/business/article/Investment-firms-buying-Gump-s-Deal-expected-to-2729860.php "Investment firms buying Gump's: Deal expected to be completed in March"], ''San Francisco Chronicle'', February 16, 2005.</ref>
Richard Gump, one of A.L.’s three children, eventually became president of Gump's after his father's death in 1947. He continued the family legacy, running the company's overall operations until his retirement in 1975.<ref>{{Cite web |url=http://moorea.berkeley.edu/aboutus/history |title=About Gump Station |access-date=2010-11-17 |archive-url=https://web.archive.org/web/20101221051357/http://moorea.berkeley.edu/aboutus/history |archive-date=2010-12-21 |url-status=dead }}</ref> Gump's was sold to publisher [[Crowell Collier]], which after further mergers became [[Macmillan Publishers (United States)|Macmillan Publishers]]. By June 1989, Gump's had again been sold,<ref name=top>Isadore Barmash, [https://www.nytimes.com/1989/08/01/business/business-people-gump-s-specialty-stores-said-to-fill-top-position.html "Business People; Gump's Specialty Stores Said to Fill Top Position"],''The New York Times'', August 1, 1989.</ref> this time to an investment group including Japan's Tobu Department Store and the [[Charterhouse Group]].


In 1993, Gump's was in financial trouble when the catalog company later known as [[Hanover Direct]] bought it. They reduced the product lines, holding a liquidation sale on May 24, 1993, and revived the business,<ref name=Ode/> then in 2005 sold it to an investment group for $8.5&nbsp;million.<ref>Jenny Strasburg, [https://www.sfchronicle.com/business/article/Investment-firms-buying-Gump-s-Deal-expected-to-2729860.php "Investment firms buying Gump's: Deal expected to be completed in March"], ''San Francisco Chronicle'', February 16, 2005.</ref><ref name=Buddha>Sophia Kunthara, [https://www.sfchronicle.com/business/article/With-Gump-s-closed-beloved-Buddha-statue-pulls-13489597.php "With Gump's closed, beloved Buddha statue pulls vanishing act"], ''San Francisco Chronicle'', December 25, 2018.</ref>
⚫
The company began catalog sales in the 1950s and {{As of|2018|05|lc=y}}, more than 75% of its sales were through the catalog or online.<ref name=bankrupt>Roland Li, [https://www.sfgate.com/business/article/Gump-s-a-157-year-old-SF-retailer-files-for-13132369.php "Gump’s, a 157-year-old SF retailer, files for bankruptcy protection"], ''San Francisco Chronicle'', August 4, 2018.</ref> Gump's sold products ranging from jewelry made from [[jade]], precious gemstones, and [[cultured freshwater pearls]] to products from luxury designers such as [[Hermès]] and [[Buccellati]].


⚫
The company began catalog sales in the 1950s and {{As of|2018|05|lc=y}}, more than 75% of its sales were through the catalog or online.<ref name=bankrupt>Roland Li, [https://www.sfgate.com/business/article/Gump-s-a-157-year-old-SF-retailer-files-for-13132369.php "Gump’s, a 157-year-old SF retailer, files for bankruptcy protection"], ''San Francisco Chronicle'', August 4, 2018.</ref>
A [[Qing Dynasty]] gilded wood [[Buddha]], carved for a summer palace in Northern [[China]], was displayed inside the San Francisco store. It was carved in the Northern Manchurian Province of Jehol, the summer capital of the Qing Emperors in the early 19th Century. The piece was the largest of its kind outside a museum.{{citation needed|date=September 2018}}


Gump's filed for [[Chapter 11 bankruptcy]] on August 3, 2018.<ref name=bankrupt/> On August 10, liquidation sales began on the retailer's official website and its remaining storefront located in San Francisco.<ref>{{cite web|url=https://globenewswire.com/news-release/2018/08/10/1550413/0/en/GOING-OUT-OF-BUSINESS-SALES-BEGIN-TODAY-AT-GUMP-S-AND-GUMPS-COM.html|title=Going-out-of-business sales begin at Gump's|work=Gordon Brothers|date=August 10, 2018|accessdate=August 14, 2018}}</ref>
Gump's filed for [[Chapter 11 bankruptcy]] on August 3, 2018.<ref name=bankrupt/> On August 10, final liquidation sales began on the retailer's official website and at its remaining storefront in San Francisco;<ref>{{cite web|url=https://globenewswire.com/news-release/2018/08/10/1550413/0/en/GOING-OUT-OF-BUSINESS-SALES-BEGIN-TODAY-AT-GUMP-S-AND-GUMPS-COM.html|title=Going-out-of-business sales begin at Gump's|work=Gordon Brothers|date=August 10, 2018|accessdate=August 14, 2018}}</ref> the store closed on December 23, 2018.<ref name=Buddha/> In 2019, the Chachas family reopened Gump's in its former long-time location, 250 Post Street in Union Square. However, the Chachas closed Gump’s for an indeterminate period in 2020 due to the City of San Francisco's regulations during the COVID-19 pandemic.<ref>[https://abc7news.com/gumps-san-francisco-closing-gumos-store/6234019/ ABC 7 News:June 6th, 2021: Gump’s San Francisco considering closing Gump’s storefront]</ref>


As of 2022, Gump’s is now open Monday through Saturday.
⚫
==References==

==Buddha statue==
A statue of [[Buddha]] was displayed inside the San Francisco store. The original statue was bronze, acquired in 1928; in 1949 Gump's donated it to the San Francisco Parks Department in memory of Alfred Livingston Gump, and it is in the [[Japanese Tea Garden (San Francisco)|Japanese Tea Garden]] in [[Golden Gate Park]].<ref>Bill Van Niekerken, [https://www.sfchronicle.com/thetake/article/Unexpected-history-lesson-from-the-Buddha-at-6370697.php "A history lesson from the Buddha at SF's Japanese Tea Garden"], ''San Francisco Chronicle'', July 7, 2015, updated December 10, 2018.</ref> It was replaced at some point by an unusually large [[Qing Dynasty]] gilded wood Buddha.<ref name=Buddha/> This was carved in the [[Chengde Mountain Resort]], the summer capital of the Qing Emperors in the early 19th century, and was the largest of its kind outside a museum.{{citation needed|date=September 2018}} It was bought by one of the 2005 purchasers, New York investment banker John Chachas, who loaned it to the store until the liquidation.<ref name=Buddha/>

==Notes==
*{{cite book
*{{cite book
| last = Roseman
| last = Roseman
Line 57: Line 64:
| authorlink =
| authorlink =
|author2=Birmingham and Saeks
|author2=Birmingham and Saeks
| title = Gump’s Since 1861, A San Francisco Legend
| title = Gump's Since 1861, A San Francisco Legend
| publisher = Chronicle Books
| publisher = Chronicle Books
| year = 1991
| year = 1991
Line 71: Line 78:
| location = New York
| location = New York
}}
}}
*{{Cite journal
*{{Cite magazine
| date = May 30, 1949
| date = May 30, 1949
| title = Gump's Goes Modern
| title = Gump's Goes Modern
| url = https://content.time.com/time/subscriber/article/0,33009,888025,00.html
| journal = Time
| magazine = Time
}}
}}

⚫
==References==

{{Reflist}}
{{Reflist}}


==External links==
==External links==
⚫
{{commons category}}
*{{official website|http://www.gumps.com}}
*[http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=128294 Company Overview Business Week]


*{{Official website}}
{{Coord|37|47|18.9|N|122|24|15.4|W|region:US-CA_type:landmark|display=title}}

⚫
{{commons category}}


[[Category:1861 establishments in California]]
[[Category:1861 establishments in California]]
[[Category:Buildings and structures destroyed in the 1906 San Francisco earthquake]]
[[Category:Buildings and structures burned in the 1906 San Francisco earthquake]]
[[Category:Companies based in San Francisco]]
[[Category:Companies based in San Francisco]]
[[Category:Furniture retailers of the United States]]
[[Category:Furniture retailers of the United States]]
[[Category:Retail companies based in California]]
[[Category:Retail companies based in California]]
[[Category:Union Square, San Francisco]]
[[Category:Union Square, San Francisco]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 2018]]

Latest revision as of 18:42, 10 April 2024

Gump's
Company typePrivate
IndustryRetail
Founded1861; 163 years ago (1861)
FounderSolomon and Gustav Gump
Headquarters
San Francisco
Number of locations
1
ParentChachas family[1]
Websitegumps.com

Gump's is a luxury American home furnishings and home décor retailer, founded in 1861 in San Francisco, California.[2] The company was acquired by the Chachas family in June 2019 and announced that it would be opening a San Francisco location for the holiday season as well as an e-commerce business.[3]

History[edit]

Solomon Gump
Solomon Gump, c. 1901

S & G Gump was founded in 1861 as a mirror and frame shop by Solomon Gump and his brother, Gustav. It later sold moldings, gilded cornices, and European artwork to those recently made wealthy from the California Gold Rush.

The business flourished; the store sold products ranging from jewelry made from jade, precious gemstones, and cultured freshwater pearls to products from luxury designers such as Hermès and Buccellati. Customers included Franklin D. Roosevelt, who bought model ships and smoking jackets there, and Sarah Bernhardt, who bought a 17th-century bronze Chinese snake in preparation for playing Cleopatra.[4] It was eventually passed on to Solomon's son Alfred Livingston Gump. The fire following the 1906 earthquake destroyed the store and all of the merchandise, but thanks to Dodie Valencia, A.L. received $17,000 for one of his paintings, which allowed funding for the rebuilding and restocking of the store. A.L. was fueled by his passion for Oriental art and began selling his exotic collectibles from the Far East. He sent his buyers to Japan and China, bringing back exotic rugs, porcelains, silks, bronzes and jades to California's new millionaires.[citation needed]

Richard Gump, one of A.L.’s three children, eventually became president of Gump's after his father's death in 1947. He continued the family legacy, running the company's overall operations until his retirement in 1975.[5] Gump's was sold to publisher Crowell Collier, which after further mergers became Macmillan Publishers. By June 1989, Gump's had again been sold,[6] this time to an investment group including Japan's Tobu Department Store and the Charterhouse Group.

In 1993, Gump's was in financial trouble when the catalog company later known as Hanover Direct bought it. They reduced the product lines, holding a liquidation sale on May 24, 1993, and revived the business,[4] then in 2005 sold it to an investment group for $8.5 million.[7][8]

The company began catalog sales in the 1950s and as of May 2018, more than 75% of its sales were through the catalog or online.[9]

Gump's filed for Chapter 11 bankruptcy on August 3, 2018.[9] On August 10, final liquidation sales began on the retailer's official website and at its remaining storefront in San Francisco;[10] the store closed on December 23, 2018.[8] In 2019, the Chachas family reopened Gump's in its former long-time location, 250 Post Street in Union Square. However, the Chachas closed Gump’s for an indeterminate period in 2020 due to the City of San Francisco's regulations during the COVID-19 pandemic.[11]

As of 2022, Gump’s is now open Monday through Saturday.

Buddha statue[edit]

A statue of Buddha was displayed inside the San Francisco store. The original statue was bronze, acquired in 1928; in 1949 Gump's donated it to the San Francisco Parks Department in memory of Alfred Livingston Gump, and it is in the Japanese Tea Garden in Golden Gate Park.[12] It was replaced at some point by an unusually large Qing Dynasty gilded wood Buddha.[8] This was carved in the Chengde Mountain Resort, the summer capital of the Qing Emperors in the early 19th century, and was the largest of its kind outside a museum.[citation needed] It was bought by one of the 2005 purchasers, New York investment banker John Chachas, who loaned it to the store until the liquidation.[8]

Notes[edit]

  • Roseman, Janet Lynn; Birmingham and Saeks (1991). Gump's Since 1861, A San Francisco Legend. San Francisco, CA: Chronicle Books. p. 136.
  • Gump, Richard (1962). Good Taste Costs No More. New York: Doubleday and Company.
  • "Gump's Goes Modern". Time. May 30, 1949.

References[edit]

  1. ^ "Gump's has been acquired". Retail Insight Network. July 8, 2019.
  2. ^ Warren Shoulberg (9 July 2019). "Gump's And Z Gallerie Are The Latest Retailers Back From The Dead". Forbes.
  3. ^ Sophia Kunthara (June 29, 2019). "Famed SF retail store Gump's is coming back. It may just not be in San Francisco". San Francisco Chronicle.
  4. ^ a b Bill Van Niekerken (December 19, 2018). "Ode to Gump's: Memories flow from archive as SF's oldest store says goodbye". San Francisco Chronicle. Archived from the original on 2015-09-11.
  5. ^ "About Gump Station". Archived from the original on 2010-12-21. Retrieved 2010-11-17.
  6. ^ Isadore Barmash, "Business People; Gump's Specialty Stores Said to Fill Top Position",The New York Times, August 1, 1989.
  7. ^ Jenny Strasburg, "Investment firms buying Gump's: Deal expected to be completed in March", San Francisco Chronicle, February 16, 2005.
  8. ^ a b c d Sophia Kunthara, "With Gump's closed, beloved Buddha statue pulls vanishing act", San Francisco Chronicle, December 25, 2018.
  9. ^ a b Roland Li, "Gump’s, a 157-year-old SF retailer, files for bankruptcy protection", San Francisco Chronicle, August 4, 2018.
  10. ^ "Going-out-of-business sales begin at Gump's". Gordon Brothers. August 10, 2018. Retrieved August 14, 2018.
  11. ^ ABC 7 News:June 6th, 2021: Gump’s San Francisco considering closing Gump’s storefront
  12. ^ Bill Van Niekerken, "A history lesson from the Buddha at SF's Japanese Tea Garden", San Francisco Chronicle, July 7, 2015, updated December 10, 2018.

External links[edit]

Wikimedia Commons has media related to Gump's.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Gump%27s&oldid=1218271348"