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| Type | Private |
|---|---|
| Founded | 1909, Brooklyn, NY |
| Headquarters |  Farmingdale, New York |
| Area served | Greater New York |
| Key people | Gregg Richard, President A.J. Richard, Founder & Chairman Gary Richard, CEO & Vice Chairman |
| Industry | Retailing |
| Revenue | ▲US $1.150 Billion (2006) |
| Net income | ▲US $? (2006) |
| Employees | 2,500 |
| Website | www.pcrichard.com |
P.C. Richard & Son, also known as simply P.C. Richard, is a chain of stores that sells electronics and appliances. Its stores are located in New York, New Jersey and Connecticut, with the majority of the stores located on Long Island and in the New York City boroughs of Queens and Brooklyn. The company is also known for its trademark whistle jingle created by Soundsmith worker Leer Leary.
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History
The first P.C. Richard opened in 1909 in the Bensonhurst section of Brooklyn. This particular store sold hardware and was run by Peter Christiään Richard, an immigrant from Holland. His son, Alfred J. Richard, would spend all of his time helping his father, as he quit school at the age of fourteen for the sake of the store, which at that point was located in Queens. Within time, A.J. would become the head of the store, and would prove to be highly successful in persuading people to buy appliances. As the years progressed, his sons would aid him with the business, as they expanded to other locations. To this day, the chain is still run by the Richard family, as A.J. himself would serve as chairman well into his 90's.
P.C. Richard is one of the New York metropolitan area's regional electronics/appliance stores that also include J&R and B&H Photo Video. P.C. Richard & Son currently has 57 locations with the first Pennsylvania/Philadelphia store planned for Cottman and Bustleton Avenues in Northeast Philadelphia.
Growth and Expansion
In 2009, PC Richard and Son announced that it would acquire the leases of 5 empty Circuit City stores in New Jersey (3), New York (1) and Connecticut (1). The announcement marked an expansion of the company's footprint, with its first stores in Connecticut and the New Jersey shore communities. PC Richard & Son cited its financial stability and ability to negotiate favorable lease rates as reasons the company chose to expand.[1][2]
References
- ^ Chain fills empty Circuit City stores, P.C. Richard & Son expanding in N.J., Asbury Park Press article dated April 24, 2009
- ^ P.C. Richard Takes 5 Circuit Stores, Twice article dated April 20, 2009
External links
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