120:
32:
73:
242:
714:
The McRae's operations would ultimately be consolidated into the
Proffitt's division's Alcoa, Tennessee, based offices. They would however, continue to operate under the McRae's name. The year 2005 would signal the end of the Proffitt's and McRae's names with the purchase of those stores by Belk.
512:
in the company's entry into the Tri-Cities market. The Hess's purchase led to a dual-store format in the mall, similar to the one in the
Foothills Mall in Maryville. In Johnson City, once the Hess's store was vacated and renovated, the Men's and Home Stores were moved to that building, leaving
719:. The only exceptions were two Alabama McRae's stores in Tuscaloosa and Gadsden, which were retained to convert into Parisian locations. On October 2, 2006, the Parisian unit was sold to Belk and these two locations were rebranded as Belk stores almost a year after the purchase.
566:) which housed the Men's and Home Store was vacated and relocated to the former Belk site along with the Children's department. This move created the largest Proffitt's Men's Store in the company and allowed the Women's department its own store. The former Hess store in the
387:, in 1919. The first store had seven departments: ladies ready-to-wear, ladies accessories, millinery, men's shoes, dry goods, and bargain basement. Ellis sold his share of the company to Proffitt in 1921 due to illness. The company expanded by opening its second store in
557:
was part of the deal, but the store was closed instead of being converted to a
Proffitt's. The Johnson City Proffitt's was already operating under the dual-location concept and this gave the company three stores in the same mall. The former Hess's store (now home to
410:, eventually expanding to occupy two stores in the mall, following the departure of Hess's from the market. Both stores remained throughout the Belk acquisition, one for Women and the other for Men, Kids, and Home. A warehouse and distribution center opened in
476:, bringing the total stores to eleven. The years 1992 and 1993 saw a number of acquisitions, making Proffitt's one of the fastest growing retailers in the US. During that time, the company purchased 18
574:
was transformed into the largest
Proffitt's Home Store, with all other departments remaining in the former Parks-Belk location. Proffitt's would later open stores in
529:
chain in 1994. The McRae's stores, unlike the previous acquisitions, continued to operate separately and under their nameplate. In 1995, Proffitt's purchased
94:
830:
453:
location in
Knoxville was expanded to 122,000 square feet (11,300 m) later that year making it the largest store in the chain. Proffitt's purchased the
437:
For the first 65 years of its existence, the company was a family-owned business, but in 1984 it was acquired by RBM Acquisition Co., led by R. Brad Martin.
715:
On March 8, 2006, all McRae's and
Proffitt's stores were converted into Belk stores. The conversion ended two of the most well-known retailing names in the
845:
840:
81:
634:
and they continued to operate those stores under their respective names. Later in 1998, the company purchased North
Carolina based
698:
Late 1998 would see the biggest name change when
Proffitt's purchased Saks Holdings Inc, the holding company for luxury retailer
597:
835:
184:
156:
19:
This article is about the now-defunct
Proffitt's department stores. For its former holding company, Proffitt's Inc., see
603:
221:
203:
59:
163:
638:
and those stores were converted to the
Proffitt's name. 1998 also saw Proffitt's acquire a group of 15 stores from
736:
587:
686:
store. The Carson Pirie Scott, Bergner's, Boston Store, Herberger's, and Younkers names were eventually sold to
141:
137:
45:
170:
598:
Acquisitions of the Parisian, Younkers, Herberger's, and Carson Pirie Scott chains, and stores from Dillard's
765:
662:) after proving marginally profitable under Proffitt's management. The former Brody's stores were sold to
575:
434:). In 1984, the company had four stores and annual sales of $ 40 million (~$ 99.3 million in 2023).
152:
618:
was purchased in 1997 and kept its nameplate. In the same year the company moved from the NASDAQ to the
583:
563:
458:
403:
850:
579:
534:
473:
508:. In fall 1992, shortly before the Hess's purchase was completed, a new Proffitt's store opened in
379:
Jeweler David W. Proffitt and James Ellis founded the Ellis-Proffitt Co. on Main Street in downtown
627:
509:
481:
354:. The chain was founded in 1919 by David W. Proffitt and James Ellis. In 2006, the Proffitt's and
619:
550:
505:
489:
130:
86:
716:
542:
480:
locations in Tennessee, Virginia, Kentucky, and Georgia. Some of these locations were formerly
651:
591:
554:
571:
546:
522:
501:
469:
427:
423:
415:
411:
407:
392:
380:
177:
8:
675:
671:
623:
51:
699:
643:
497:
493:
388:
20:
611:
431:
396:
351:
290:
679:
567:
462:
338:
615:
450:
419:
306:
334:
824:
647:
485:
366:
At the time of their demise they operated 47 Proffitts & McRae's stores.
614:, were both acquired in 1996 and retained their names and operating units.
301:
Clothing, footwear, bedding, furniture, jewelry, beauty products, housewares
794:
650:
store in Nashville, Tennessee were renamed Proffitt's, but sold in 2001 to
639:
631:
454:
703:
655:
635:
559:
541:, Inc. This purchase gave Proffitt's a presence for the first time in
530:
526:
363:
355:
324:
319:
311:
659:
513:
Women's and Children's in the newly constructed Proffitt's building.
477:
384:
119:
815:
683:
622:
and began trading under the PFT symbol. The company purchased the
607:
687:
667:
468:
In 1989, a new 80,000 square feet (7,000 m) store opened in
241:
72:
446:
252:
702:. Upon closing of the acquisition the company name changed to
663:
545:, and gave the company an additional store in each mall in
538:
359:
279:
516:
362:
after Belk had acquired the two chains in July 2005 from
810:
682:
in the location vacated by Macy's which now houses a
666:
in 2004. Also, in 2004, Proffitt's opened a store in
445:
Proffitt's Inc. went public on July 3, 1987, on the
461:in 1986, adding four Chattanooga stores and one in
144:. Unsourced material may be challenged and removed.
586:, and they would eventually build a new store at
822:
693:
430:store was added in 1984 at East Towne Mall (now
395:store moved from downtown to Midland Plaza in
790:
788:
786:
784:
782:
780:
778:
831:Defunct department stores based in Tennessee
797:, Saks, Inc. website, accessed July 17, 2008
706:and its NYSE ticker symbol changed to SKS.
465:, its first location outside of Tennessee.
60:Learn how and when to remove these messages
775:
760:
758:
222:Learn how and when to remove this message
204:Learn how and when to remove this message
97:of all important aspects of the article.
846:Retail companies disestablished in 2006
823:
755:
626:chain in 1998 which also consisted of
533:, an independently owned affiliate of
517:Acquisitions of McRae's and Parks-Belk
350:was a department store chain based in
93:Please consider expanding the lead to
402:In 1982 the store relocated again to
841:Retail companies established in 1919
142:adding citations to reliable sources
113:
66:
25:
449:market under the symbol PRFT. The
13:
426:store following in 1974. A second
14:
862:
804:
737:"Harwell Proffitt, 82, Executive"
484:stores. This added new stores in
41:This article has multiple issues.
240:
118:
71:
30:
709:
440:
129:needs additional citations for
85:may be too short to adequately
49:or discuss these issues on the
16:American department store chain
729:
95:provide an accessible overview
1:
722:
694:Merger with Saks Fifth Avenue
374:
836:Companies based in Tennessee
553:. A Parks-Belk location in
7:
602:Birmingham, Alabama, based
576:Spartanburg, South Carolina
391:in 1936. In the 1960s, the
358:stores were converted into
10:
867:
459:Loveman's Department Store
369:
18:
535:Charlotte, North Carolina
521:Proffitt's purchased the
474:Asheville, North Carolina
335:Archived official website
330:
318:
305:
297:
285:
274:
266:
258:
248:
239:
510:The Mall at Johnson City
414:in 1970. A location in
620:New York Stock Exchange
564:Goody's Family Clothing
506:Johnson City, Tennessee
717:southern United States
543:Greeneville, Tennessee
652:May Department Stores
592:Morristown, Tennessee
555:Morristown, Tennessee
482:Miller's of Tennessee
642:after its buyout of
523:Jackson, Mississippi
470:Biltmore Square Mall
341: (archive index)
138:improve this article
672:Riverchase Galleria
588:College Square Mall
236:
795:Saks, Inc. History
766:Growing Proffitt's
764:Alison Gillespie,
741:The New York Times
690:on March 6, 2006.
624:Carson Pirie Scott
418:opened in 1972 in
234:
700:Saks Fifth Avenue
644:Mercantile Stores
498:Bristol, Virginia
494:Ashland, Kentucky
389:Athens, Tennessee
345:
344:
232:
231:
224:
214:
213:
206:
188:
112:
111:
64:
21:Saks Incorporated
858:
851:Alcoa, Tennessee
798:
792:
773:
762:
753:
752:
750:
748:
733:
658:until 2006, now
612:Des Moines, Iowa
432:Knoxville Center
352:Alcoa, Tennessee
291:Alcoa, Tennessee
244:
237:
233:
227:
220:
209:
202:
198:
195:
189:
187:
146:
122:
114:
107:
104:
98:
75:
67:
56:
34:
33:
26:
866:
865:
861:
860:
859:
857:
856:
855:
821:
820:
807:
802:
801:
793:
776:
763:
756:
746:
744:
735:
734:
730:
725:
712:
696:
600:
584:Parkersburg, WV
568:Fort Henry Mall
519:
463:Dalton, Georgia
443:
377:
372:
339:Wayback Machine
293:
228:
217:
216:
215:
210:
199:
193:
190:
147:
145:
135:
123:
108:
102:
99:
92:
80:This article's
76:
35:
31:
24:
17:
12:
11:
5:
864:
854:
853:
848:
843:
838:
833:
819:
818:
813:
806:
805:External links
803:
800:
799:
774:
770:Retail Traffic
754:
743:. 3 April 2000
727:
726:
724:
721:
711:
708:
695:
692:
688:Bon-Ton Stores
646:. Five former
599:
596:
518:
515:
451:West Town Mall
442:
439:
420:West Town Mall
404:Foothills Mall
376:
373:
371:
368:
343:
342:
332:
328:
327:
322:
316:
315:
309:
303:
302:
299:
295:
294:
289:
287:
283:
282:
276:
272:
271:
268:
264:
263:
260:
256:
255:
250:
246:
245:
230:
229:
212:
211:
126:
124:
117:
110:
109:
103:September 2009
89:the key points
79:
77:
70:
65:
39:
38:
36:
29:
15:
9:
6:
4:
3:
2:
863:
852:
849:
847:
844:
842:
839:
837:
834:
832:
829:
828:
826:
817:
814:
812:
809:
808:
796:
791:
789:
787:
785:
783:
781:
779:
772:, May 1, 1998
771:
767:
761:
759:
742:
738:
732:
728:
720:
718:
707:
705:
701:
691:
689:
685:
681:
677:
673:
669:
665:
661:
657:
654:(operated as
653:
649:
648:Castner Knott
645:
641:
637:
633:
629:
625:
621:
617:
613:
609:
605:
595:
593:
589:
585:
581:
577:
573:
569:
565:
561:
556:
552:
548:
544:
540:
536:
532:
528:
524:
514:
511:
507:
503:
499:
495:
491:
490:Elizabethtown
487:
486:Rome, Georgia
483:
479:
475:
471:
466:
464:
460:
456:
452:
448:
438:
435:
433:
429:
425:
421:
417:
413:
409:
405:
400:
398:
394:
390:
386:
382:
367:
365:
361:
357:
353:
349:
340:
336:
333:
329:
326:
323:
321:
317:
313:
310:
308:
304:
300:
296:
292:
288:
284:
281:
277:
273:
270:March 8, 2006
269:
265:
261:
257:
254:
251:
247:
243:
238:
226:
223:
208:
205:
197:
186:
183:
179:
176:
172:
169:
165:
162:
158:
155: –
154:
150:
149:Find sources:
143:
139:
133:
132:
127:This article
125:
121:
116:
115:
106:
96:
90:
88:
83:
78:
74:
69:
68:
63:
61:
54:
53:
48:
47:
42:
37:
28:
27:
22:
769:
747:11 September
745:. Retrieved
740:
731:
713:
710:Sale to Belk
697:
628:Boston Store
601:
551:Johnson City
520:
467:
444:
441:Going public
436:
401:
378:
347:
346:
320:Subsidiaries
286:Headquarters
278:Acquired by
218:
200:
194:October 2008
191:
181:
174:
167:
160:
153:"Proffitt's"
148:
136:Please help
131:verification
128:
100:
84:
82:lead section
57:
50:
44:
43:Please help
40:
616:Herberger's
562:, formerly
455:Chattanooga
314:(1998-2005)
825:Categories
816:Saks, Inc.
723:References
704:Saks, Inc.
678:suburb of
676:Birmingham
580:Morgantown
560:Forever 21
531:Parks-Belk
375:Beginnings
364:Saks, Inc.
348:Proffitt's
312:Saks, Inc.
235:Proffitt's
164:newspapers
46:improve it
640:Dillard's
632:Bergner's
572:Kingsport
547:Kingsport
502:Kingsport
428:Knoxville
424:Oak Ridge
416:Knoxville
412:Maryville
408:Maryville
393:Maryville
385:Tennessee
381:Maryville
87:summarize
52:talk page
684:Von Maur
608:Younkers
604:Parisian
422:with an
298:Products
249:Industry
674:in the
670:at the
668:Alabama
656:Hecht's
636:Brody's
527:McRae's
370:History
356:McRae's
337:at the
331:Website
325:McRae's
267:Defunct
259:Founded
178:scholar
680:Hoover
660:Macy's
537:based
525:based
500:; and
478:Hess's
457:based
447:NASDAQ
307:Parent
253:Retail
180:
173:
166:
159:
151:
397:Alcoa
185:JSTOR
171:books
811:Belk
749:2015
664:Belk
630:and
606:and
582:and
549:and
539:Belk
504:and
492:and
360:Belk
280:Belk
275:Fate
262:1919
157:news
610:of
590:in
570:in
472:in
406:in
140:by
827::
777:^
768:,
757:^
739:.
594:.
578:,
496:;
488:;
399:.
383:,
55:.
751:.
225:)
219:(
207:)
201:(
196:)
192:(
182:·
175:·
168:·
161:·
134:.
105:)
101:(
91:.
62:)
58:(
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
