Afterthoughts (retailer)
| Defunct | 2002 |
|---|---|
| Fate | Acquired by Claire's and merged into The Icing |
| Successor | The Icing |
Number of locations | 809 (1996) 768 (1999) |
| Parent | F.W. Woolworth Company (1980s-1998) Venator Group (1998-1999) Claire's Stores, Inc (1999-2002) |
Afterthoughts (occasionally stylized as After Thoughts) was a chain of accessory and jewelry stores in the United States, from the 1980s to 2002.
History
[edit]Woolworth's/Venator Group
[edit]Then stylized as After Thoughts, the chain was created as one of the many specialty store subsidiaries of F. W. Woolworth Company (later Venator Group) in the 1980s.[1] By 1996, the chain had grown to a total of 809 stores, and grew further that year with the Venator Group's merger of 109 Accessory Lady stores, previously bought from Melville Corporation in 1993, into their various formats, including Afterthoughts.[2]
Claire's Stores, Inc.
[edit]The chain, then reduced to 768 stores, was acquired by major competitor Claire's in late 1999, as the Venator Group began selling off or closing many of its specialty store chains to focus on Champs Sporting Goods and Foot Locker.[3] As stated in their 2000 annual report, Claire's at the time planned to convert their stores under The Icing name to Afterthoughts, as they targeted the same market, and Afterthoughts had higher sales and margins at the time.[4] In first-quarter 2000, Claire's announced that they were closing a total of 300 stores- 100 Claire's, and 200 Afterthoughts, in malls that could not support multiple stores.[5] Despite previously announced plans, by February 2, 2002, the Afterthoughts brand had been consolidated into Claire's existing The Icing brand, following a tumultuous 2001 fiscal year.[6]
References
[edit]- ^ Barmash, Isadora (December 13, 1992). "Chain by Chain, Woolworth Reinvents Itself". The New York Times. Retrieved April 3, 2020.
- ^ "Woolworth to Switch Formats Of Its Accessory Lady Stores". The Wall Street Journal. May 22, 1996. Retrieved April 3, 2020.
- ^ Chandra, Shobhana (November 3, 1999). "CLAIRE'S STORES BUYS RIVAL AFTERTHOUGHTS". South Florida Sun-Sentinel. Retrieved April 3, 2020.
- ^ Claire's 2000 Annual Report (PDF). Claire's Stores, Inc. January 29, 2000. pp. 8, 9.
- ^ "Claire's Stores Third Quarter Sales Up 35%". Claire's Stores, Inc Financial Press Releases. November 16, 2000. Retrieved April 3, 2020.
- ^ Claire's Stores, Inc Annual Report. Claire's Stores, Inc. February 2, 2002. p. 2.