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Hanover Direct history
Hanover Direct company history timeline
In 1924, Horn & Hardart opened stores to retail prepackaged Automat food.
Horn & Hardart was a prosperous business, but its profits really began to rise as the United States entered the Great Depression after the 1929 stock market crash.
1960: Horn's successor dies.
In 1972, in an attempt to diversify into a different line of business, Horn & Hardart acquired a mail-order company headquartered in Hanover, Pennsylvania, called Hanover House Industries.
In 1978, the beleaguered Horn & Hardart was making money again.
The company moved its headquarters to Las Vegas in 1979 when Florescue bought a casino there, and that business also faltered.
The division also spent money, investing in a huge, centralized distribution center in 1984.
In July 1988, Horn & Hardart announced that it would sell Bojangles.
But in 1988 the catalog division also lost money.
1991: Last Automat closes.
By 1993 Hanover Direct had acquired two leading catalog businesses, a housewares line called The Company Store and the Asian imports and gifts line Gump's.
Rosenfeld was replaced in 1996 by Rakesh Kaul, a former chief operating officer of the large Fingerhut catalog company.
With the rise of the Internet, Hanover made a quick transition to online selling. Its web-based sales were only $700,000 in 1997, but had leapt to $8.3 million the next year.
In 1999 Hanover announced it would again form itself into two divisions.
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Hanover Direct competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| TGW.com - The sweetest spot in golf | 1997 | $21.0M | 200 | - |
| Spyder Active Sports | 1978 | $4.2M | 50 | - |
| Saks | 1919 | $3.1B | 12,900 | 290 |
| DITA Eyewear | 1995 | $9.0M | 117 | 2 |
| CoSTUME NATIONAL | 1986 | $8.7M | 125 | - |
| Cigars International | 1996 | - | 240 | - |
| All Brand Supply | - | $2.4M | 7 | - |
| Landau Uniforms | 1938 | $119.2M | 500 | - |
| Harry & David Holdings Inc | 1886 | $1.7B | 8,000 | - |
| Tennis Express | 1993 | $21.0M | 100 | - |
Hanover Direct history FAQs
Zippia gives an in-depth look into the details of Hanover Direct, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Hanover Direct. The employee data is based on information from people who have self-reported their past or current employments at Hanover Direct. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Hanover Direct. The data presented on this page does not represent the view of Hanover Direct and its employees or that of Zippia.
Hanover Direct may also be known as or be related to HANOVER DIRECT INC, Hanover Direct, Hanover Direct Inc and Hanover Direct, Inc.