34:
339:. The company entered chapter 11 bankruptcy on January 20, 1998, and tried to operate with a smaller number of stores. The effort was not successful, and the company announced its closing on April 27, 1998. Liquidation of store inventory continued through July 1998. Most of the former Venture buildings were absorbed into other chains, primarily Kmart (for their new Big Kmart stores at the time), Others were absorbed by
308:
282:
As was a common trend in
American department stores, many Venture stores offered a dining area inside the store, typically called Cafe Venture. This area sold standard American fare, such as hamburgers and pizza, although one could also get a "hot dog with the ends cut off." The dining area also
231:
at the time, and the department-store company needed a way to compete against the emerging discount-store chains. When May's Dave
Babcock learned that Geisse had resigned from Target Stores, he spoke with Geisse about starting a new discount retailer, resulting in the founding of Venture.
269:
during the 1980s was "Save at
Venture, Save With Style". or "SWS". In the 1990s, Venture employed two other slogans; the first, tied to a companywide remodeling initiative aimed at making the stores more like
331:. Venture tried to return to its founding principles as an upscale discounter and remodeled most of its 90+ stores. While facing vast competition, Venture made a fatal mistake trying to expand into
254:
food stores, and expanded to over 40 locations in the
Chicago market area, with many city locations. It was the largest discount chain in Chicago with inner-city locations other than
203:, and expanded across various areas in the United States over a period of nearly 30 years, becoming the largest discount chain in Chicago. In January 1998, Venture Stores entered a
936:
191:, and May Department Stores' executive vice president, Dave Babcock, founded the chain in 1968. Venture Stores expanded to operate over 70 stores with major market share in
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instead of protecting its core markets. Venture sold the Texas stores to Kmart in 1996 and closed its distribution center in
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opening on March 24, 1970. In 1976, Geisse retired and left
Venture Stores, which had by that time expanded to 20 units.
224:
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274:, was "See What's New For You!". At the time Venture closed, its slogan was "See What A Little Money Can Buy".
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By the late 1990s, the chain found that it was unable to compete against other retail chains, such as
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Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, and housewares.
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430:"VENTURE STORES, INC. REPORTS FIRST QUARTER PERFORMANCE AND APRIL SALES RESULTS"
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648:
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372:"Discount pioneer Geisse dead at 71 - John Geisse - Obituary retailing career"
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262:. In 1990, Venture separated from May and became a private corporation.
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contained a second area that sold popcorn, pretzels, and
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Companies that filed for
Chapter 11 bankruptcy in 1998
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The
Venture corporate headquarters were located in
445:2001 East Terra Lane O'Fallon, Missouri 63366-0110
223:. Under an antitrust settlement reached with the
169:www.venturestores.com (archived at Deadmalls.com)
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398:
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239:on January 29, 1970, with a second location in
183:aimed at the discount department-store market.
19:For the Australian chain of the same name, see
912:Companies based in St. Louis County, Missouri
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917:Defunct discount stores of the United States
432:. Venture Stores. 1998-01-30. Archived from
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517:
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366:
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490:The Museum of Classic Chicago Television
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219:founder John F. Geisse went to work for
922:Retail companies disestablished in 1998
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899:
498:
246:In 1978, Venture Stores purchased 23
227:, May was unable to acquire any more
907:Retail companies established in 1970
404:"Save At Venture...Save With Style!"
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408:pleasantfamilyshopping.blogspot.com
250:locations in the Chicago area from
215:The chain was founded in 1968 when
13:
932:1998 disestablishments in Missouri
524:
235:The first Venture store opened in
68:Retail (Department & Discount)
14:
948:
479:
142:Robert Wildrick, Julian Seeherman
763:Sears Hometown and Outlet Stores
32:
927:1970 establishments in Missouri
458:"History of Venture Stores Inc"
450:
422:
311:Sign for the Venture store in
207:and closed within six months.
16:Defunct chain of retail stores
1:
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7:
378:. Geisse.org. 16 March 1992
79:; 56 years ago
10:
953:
811:Homart Development Company
241:Fairview Heights, Illinois
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21:Venture (department store)
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826:Pace Membership Warehouse
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753:National Tire and Battery
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542:, Chairman (major owner)
821:Orchard Supply Hardware
768:Sears Roebuck de México
748:Martha Stewart Everyday
349:Burlington Coat Factory
486:Television commercials
316:
104:; 26 years ago
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225:Department of Justice
221:May Department Stores
205:Chapter 11 bankruptcy
723:Dean Witter Reynolds
567:Richard Warren Sears
562:Alvah Curtis Roebuck
177:Venture Stores, Inc.
27:Venture Stores, Inc.
779:acquired properties
624:Harry B. Cunningham
410:. November 30, 2010
376:Discount Store News
156:Number of employees
28:
831:PayLess Drug Store
609:Joseph E. Antonini
533:Current management
317:
297:O'Fallon, Missouri
267:advertising slogan
237:Overland, Missouri
131:O'Fallon, Missouri
102:July 15, 1998
26:
894:
893:
806:The Great Indoors
644:Edward R. Telling
614:Edward A. Brennan
315:, in January 1998
291:Corporate affairs
174:
173:
944:
866:Sports Authority
708:American Freight
634:W. Bruce Johnson
604:James B. Adamson
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462:Funding Universe
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337:Corsicana, Texas
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738:Kmart Australia
713:Coldwell Banker
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619:Charles Conaway
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526:Sears Holdings
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481:
480:External links
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786:Borders Group
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733:Discover Card
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540:Eddie Lampert
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436:on 1998-01-30
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229:retail chains
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198:
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189:Target Stores
186:
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181:retail stores
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886:Western Auto
875:
851:Sears Centre
846:Sears Canada
816:J.C. Higgins
639:Aylwin Lewis
557:S. S. Kresge
465:. Retrieved
461:
452:
444:
438:. Retrieved
434:the original
424:
412:. Retrieved
407:
380:. Retrieved
375:
318:
294:
281:
264:
245:
234:
214:
176:
175:
127:Headquarters
41:Company type
881:Waldenbooks
856:Sears Tower
777:Defunct and
680:Shopyourway
201:Kansas City
185:John Geisse
901:Categories
871:Tele-Games
861:Silvertone
801:Gala-Sears
743:Lands' End
685:Toughskins
629:Floyd Hall
440:2021-05-05
382:2015-09-29
355:References
303:Bankruptcy
265:Venture's
248:Turn Style
138:Key people
121:Bankruptcy
109:1998-07-15
59:: VEN
758:OfficeMax
718:Craftsman
695:Spin-offs
675:Thom McAn
670:Joe Boxer
576:Retailers
467:August 2,
414:August 2,
193:St. Louis
89:St. Louis
51:Traded as
703:Allstate
550:Founders
329:Wal-Mart
287:drinks.
147:Products
93:Missouri
64:Industry
841:Prodigy
796:Eaton's
728:DieHard
665:Kenmore
211:History
197:Chicago
165:Website
107: (
99:Defunct
82: (
74:Founded
44:Defunct
658:Brands
597:People
347:, and
345:ShopKo
341:Kohl's
327:, and
325:Target
278:Dining
272:Kohl's
217:Target
199:, and
160:10,000
588:Sears
583:Kmart
333:Texas
321:Kmart
256:Zayre
252:Jewel
469:2018
416:2018
285:Icee
260:Ames
117:Fate
84:1968
77:1968
57:NYSE
488:at
903::
460:.
443:.
406:.
391:^
374:.
363:^
351:.
343:,
323:,
299:.
195:,
91:,
518:e
511:t
504:v
471:.
418:.
385:.
258:/
111:)
86:)
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
