Abc carpet & home
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ABC Carpet & Home is an American home furnishings retailer specializing in handmade rugs and broadloom carpets. Founded in 1897 by Sam Weinrib, the company has remained a fixture in New York City's retail landscape for over a century. Under fourth-generation leadership by Paulette Cole until 2021, ABC Carpet & Home now operates both physical storefronts and an online presence, with flagship locations in Manhattan's Flatiron District.
History[edit]
The origins of ABC Carpet & Home trace back to 1897 when Austrian immigrant Sam Weinrib established a modest pushcart business on the Lower East Side. Over the decades, the company evolved, opening its first storefront on 881 Broadway in 1961, initially focusing on broadloom carpets. By 1981, ABC Carpet & Home relocated to 888 Broadway, expanding its offerings to include exquisite handmade rugs. Subsequently, in 1985, the company diversified its product range to encompass furniture and other home goods, rebranding as ABC Carpet & Home. [1]
Under the visionary leadership of Paulette Cole in the late 1980s, ABC Carpet & Home transformed into an upscale emporium renowned for its unique offerings. Embracing social causes such as human rights, ecology, and global design, the store transcended conventional retail by adopting a mission-driven approach.[2]
During the period from 2010 to 2017, ABC Carpet & Home ventured into the culinary scene with the launch of farm-to-table restaurants like abc Kitchen, abc Cocina[3], and abcV in New York City. In 2017, the company expanded its footprint with the opening of an outlet at Industry City in Brooklyn.
However, like many businesses, ABC Carpet & Home faced challenges during the COVID-19 pandemic, struggling to compete with rivals possessing robust e-commerce capabilities. This led to the company filing for Chapter 11 bankruptcy in September 2021.[4]
In 2022, 888 Capital Partners LLP acquired ABC Carpet & Home with a commitment to revitalizing the brand. Over the subsequent years, the company has undertaken extensive efforts to reinvigorate its operations and reclaim its status as a retail powerhouse.[5]
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- ↑ Corkery, Michael (2016-02-17). "Jerome Weinrib, ABC Carpet's Old-School Proprietor, Dies at 86". The New York Times. Retrieved 2024-03-28.
- ↑ Nadelson, Reggie (2020-10-28). "The New York Store Where Furniture Is Theater". The New York Times. Retrieved 2024-03-28.
- ↑ Lester, Amelia (2013-07-22). "ABC Cocina". The New Yorker. Retrieved 2024-03-28.
- ↑ Shoulberg, Warren (2021-09-16). "Will ABC Carpet & Home be able to reinvent itself after bankruptcy?". Business of Home. Retrieved 2024-03-26.
- ↑ Snelling, Brin (2023-07-19). "How ABC Carpet & Home Is Keeping Its Retail Legacy Alive". Forbes. Retrieved 2024-03-26.
