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Bergdorf Goodman history
Bergdorf Goodman company history timeline
In 1901 Goodman raised money from his family to buy into the business, which was now renamed Bergdorf Goodman.
The original Saks Fifth Avenue was not located on Fifth Avenue—and for that reason was not called "Saks Fifth Avenue." Saks Department Store, 34th St and Broadway, 1902.
Saks & Company opened its first department store in New York in 1902 at Sixth Avenue and 34th Street, calling it Saks…
It was once said, "Nothing unimportant ever happens at The Plaza." When The Plaza opened its doors in 1907, it was…
Goodman began to build an exclusive clientele but by 1914 he was still a ladies' tailor operating out of a cramped salon on a side street.
On the west side, Bergdorf Goodman's main store, which opened in 1928, is undergoing long-term remodeling as the store attempts to modernize and regain some lost luster.
The year was 1928 and Edwin Goodman was about to move his widely successful women’s clothing store to 5th Ave and 58th Street – the spot previously occupied by Cornelious Vanderbilt’s mansion, the largest single-family residence in New York.
Upon Edwin Goodman's death, his son Andrew took charge of Bergdorf Goodman in 1953.
1972: Bergdorf Goodman is sold to Carter Hawley Hale Stores.
Edwin Goodman’s children were in business with their father, making the legendary Bergdorf Goodman family-owned until 1972.
Neiman Marcus acquired Bergdorf Goodman in 1972.
In 1987 Bergdorf Goodman, Neiman Marcus, and Contempo Casuals were spun off as the Neiman Marcus Group, its headquarters located in Dallas, Texas, where the Neiman Marcus department store chain was launched in 1907. It also opened a Bergdorf Goodman satellite store in White Plains, New York, but by 1980 the company decided to convert it to a Neiman Marcus store, which management felt was more "adaptable" to a suburban location.
1987: Bergdorf Goodman is spun off as part of the Neiman Marcus Group.
A separate men's operation, established in 1990, is located on the east side of Fifth Avenue.
Bergdorf Goodman redesigned its fifth floor, formerly the Miss Bergdorf department, in 1992.
The parent corporation underwent a number of managerial changes in 1994, resulting in Tansky being appointed chairman and CEO of Neiman Marcus Stores.
To help turn around the men's store, veteran retailer Peter Rizzo was brought in as vice-chairman in April 1999 and several months later was named president.
Rather, Ronald L. Frasch was named chairman and CEO in April 2000.
“Living on Top of the Store”, by Wendy Goodman, March 8, 2011, BG lifestyle, http://blog.bergdorfgoodman.com/world-of-bg/lifestyle/living-on-top-of-the-store/
“Daily What?! There Was Once a Penthouse Apartment in NYC’s Bergdorf Goodman” by laura itzkowitz, 12/06/2013, Untapped New York, https://untappedcities.com/2013/12/06/daily-what-there-was-once-a-penthouse-apartment-in-nycs-bergdorf-goodman/
“Neiman Marcus has a posh sister store reserved for the wealthiest elites” by Mallory Schlossberg Aug 5, 2015, 3:16 PM, Business Insider, https://www.businessinsider.com/the-difference-between-neiman-marcus-and-bergdorf-goodman-2015-8
However, in March 2019, Neiman Marcus entered the New York City market.
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Bergdorf Goodman competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Abercrombie & Fitch Co | 1892 | $4.9B | 44,000 | 3,121 |
| Gap Inc. | 1969 | $15.1B | 117,000 | 44 |
| GUESS | 1981 | $3.0B | 14,701 | 212 |
| Neiman Marcus Group | 1907 | $4.9B | 13,500 | 11 |
| Ralph Lauren | 1967 | $6.6B | 18,250 | 469 |
| Victoria's Secret | 1977 | $6.2B | 97,000 | 897 |
| Christopher and Banks | 1956 | $551.1M | 7,500 | 4 |
| Filene's | 1881 | - | 74 | - |
| Saks Fifth Avenue | 1924 | $1.9B | 12,900 | 130 |
| Liquidation Channel | 2007 | $140.0M | 520 | - |
Bergdorf Goodman history FAQs
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Bergdorf Goodman may also be known as or be related to Bergdorf Goodman, Bergdorf Goodman Inc, Bergdorf Goodman Inc., Bergdorf Goodman, Inc. and John Barrett Salon, Inc.