Gump's: Difference between revisions
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Yngvadottir (talk | contribs) Separated out Buddha statue, added info on it from a new Chronicle story, tweaks to para on sales. |
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| foundation = {{Start date|1861}} |
| foundation = {{Start date|1861}} |
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| founder = Solomon and Gustav Gump |
| founder = Solomon and Gustav Gump |
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| defunct = {{End date|2018|12|23}} |
| defunct = {{End date|2018|12|23}}<ref>[[http://www.gumps.com Gump's Website], Retrieved on December 24, 2108</ref><ref>[https://sanfrancisco.cbslocal.com/2018/12/23/gumps-final-day/ "Longtime Customers Mourn Loss of Historic S.F. Department Store Gump’s on Its Final Day"], Retrieved on December 24, 2018.</ref> |
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| location_city = [[San Francisco]] |
| location_city = [[San Francisco]] |
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'''Gump's''' |
'''Gump's''' was a [[Luxury good|luxury]] American home furnishings and home décor retailer, founded in 1861 in [[San Francisco, California]]. The company was liquidated in 2018. |
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==History== |
==History== |
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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 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}} |
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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 |
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]]. The catalog company later known as [[Hanover Direct]] bought it in 1993 and sold it to an investment group in 2005 for $8.5 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> |
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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> 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]]. |
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| ⚫ | 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 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.<ref name=Buddha/> |
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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}} |
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==Buddha statue== |
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| ⚫ | 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 |
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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]]. It was replaced at some point by an unusually large [[Qing Dynasty]] gilded wood Buddha.<ref name=Buddha/> This was carved in the Northern Manchurian Province of Jehol, 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/> |
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==References== |
==References== |
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Revision as of 06:33, 26 December 2018
 | This article needs additional citations for verification. (September 2018) |
 Entrance to Gump's in San Francisco | |
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 1861 |
| Founder | Solomon and Gustav Gump |
| Defunct | December 23, 2018[1][2] |
| Fate | Chapter 11 bankruptcy |
| Headquarters | |
Number of locations | 1 |
| Website | www |
Gump's was a luxury American home furnishings and home décor retailer, founded in 1861 in San Francisco, California. The company was liquidated in 2018.
History
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.
The business flourished and 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.[3] Gump's was sold to publisher Crowell Collier, which after further mergers became Macmillan Publishers. By June 1989, Gump's had again been sold,[4] this time to an investment group including Japan's Tobu Department Store and the Charterhouse Group. The catalog company later known as Hanover Direct bought it in 1993 and sold it to an investment group in 2005 for $8.5 million.[5][6]
The company began catalog sales in the 1950s and as of May 2018[update], more than 75% of its sales were through the catalog or online.[7] 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.
Gump's filed for Chapter 11 bankruptcy on August 3, 2018.[7] On August 10, liquidation sales began on the retailer's official website and its remaining storefront in San Francisco;[8] the store closed on December 23.[6]
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 in Golden Gate Park. It was replaced at some point by an unusually large Qing Dynasty gilded wood Buddha.[6] This was carved in the Northern Manchurian Province of Jehol, 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.[6]
References
- 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.
- ^ [Gump's Website, Retrieved on December 24, 2108
- ^ "Longtime Customers Mourn Loss of Historic S.F. Department Store Gump’s on Its Final Day", Retrieved on December 24, 2018.
- ^ About Gump Station
- ^ Isadore Barmash, "Business People; Gump's Specialty Stores Said to Fill Top Position",The New York Times, August 1, 1989.
- ^ Jenny Strasburg, "Investment firms buying Gump's: Deal expected to be completed in March", San Francisco Chronicle, February 16, 2005.
- ^ a b c d Sophia Kunthara, "With Gump's closed, beloved Buddha statue pulls vanishing act", San Francisco Chronicle, December 25, 2018.
- ^ a b Roland Li, "Gump’s, a 157-year-old SF retailer, files for bankruptcy protection", San Francisco Chronicle, August 4, 2018.
- ^ "Going-out-of-business sales begin at Gump's". Gordon Brothers. August 10, 2018. Retrieved August 14, 2018.
External links
