Lechters Housewares
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| Company type | Public |
|---|---|
| Nasdaq: LECH (1989-2001) | |
| Industry | Retail |
| Founded | 1975 in Rockaway, New Jersey |
| Founder | Albert Lechter |
| Defunct | 2001 |
| Fate | Bankruptcy |
| Headquarters | Harrison, New Jersey |
Number of locations | 490 (2000) |
Area served | United States |
Key people | Donald Jonas |
| Products | Kitchenware |
| Subsidiaries | Famous Brands Housewares Outlet Costless Home Store |
| Website | Lechters website at the Wayback Machine (archived November 4, 1999) |
Lechters Housewares was a national chain of kitchen-supply stores in the United States, based in Harrison, New Jersey.[1] Many of its stores were in malls. Its store-brand products used the name Cooks Club. It owned the Costless Home Store and Famous Brands Housewares Outlet chains.
In 1975, the firm was started by Albert Lechter as a company that ran housewares departments located in leased space within New Jersey discount stores. Two years later, Lechter teamed up with Donald Jonas to change the business by opening a single stand-alone kitchenware speciality store in a Rockaway, New Jersey, shopping mall.[1] By 1988, the firm had 234 stores. The company went public in 1989.[1] In 1992, the firm grew to 455 stores in 37 states[1] and finally 490 stores in 41 states by the end of 2000.[2][3] In later years, the company tried to compete with houseware superstores such as Bed Bath & Beyond and Linens 'n Things by expanding rapidly beyond its original kitchenware specialty, a move which created a cash flow problem and contributed to company's downfall.[4]
In 2000, it renamed its stores Lechters Thinkkitchen in advertising, but it was not able to convert its stores to the brand when it declared bankruptcy. It went out of business in 2001.[2][5][6]