{"id":2231303798848,"title":"Heck's Inc.","handle":"hecks-inc","description":"\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003e\u003cimg style=\"display: block; margin-left: auto; margin-right: auto;\" alt=\"\" src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/GhostsofWallStreetLogoEmailFooter_480x480.jpg?v=1594934703\"\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eNicely engraved antique stock certificate from Heck's Inc. dating back to the 1980's. This document, which carries the printed signatures of the company Chairman of the Board and Secretary, was printed by the Security-Columbian Bank Note Company, and measures approximately 12\" (w) by 8\" (h).\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThis certificate features a female figure holding a globe.\u003c\/p\u003e\n\u003ch5 style=\"text-align: left;\"\u003eImages\u003c\/h5\u003e\n\u003cp style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/p\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cp\u003eHeck's, Inc. was established in 1959 by Fred Haddad, Tom \u0026amp; Lester Ellis, and Doug Cook.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cdiv style=\"text-align: left;\"\u003e\u003cimg style=\"margin-top: 15px; margin-right: 25px; margin-bottom: 20px; float: left;\" alt=\"\" src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/HECKS.png?v=1606863507\" width=\"276\" height=\"326\"\u003e\u003c\/div\u003e\n\u003cp\u003eHeck's stores were discount, stand alone department stores found in small cities throughout West Virginia, western Maryland, the Ohio Valley, and parts of Indiana \u0026amp; Kentucky. Its structure and product lines were similar to its competitors, Fisher's Big Wheel, Hills Department Stores, G.C. Murphy's Mart, Tempo and Buckeye Mart Stores and Walmart.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003ePart of Heck's expansion into the Midwest came after acquiring a smaller discounter, T-Way Stores (Tradeway) of Indianapolis, Indiana. It also acquired Mr. Wiggs of Indiana and Ohio in 1981.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eAt its peak in the 1980s, Heck's operated 170 stores throughout West Virginia, Ohio, Kentucky, Pennsylvania, Indiana, Maryland and Virginia. Forbes Magazine ranked Heck’s third nationally in profitability and growth in 1980, beating out Kmart.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eIn 1983, Haddad retired as Heck's president and sold his stock in the company. The Ellis brothers had previously sold out in the 1970s.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eSales fell the following year, and the company saw its first losses in 1984. In 1985, layoffs began, as losses continued.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eA number of factors contributed to Heck’s decline. The U.S. economic downturn of the early 1980s hit West Virginia particularly hard, and the store faced increased competition from other chains as well.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eIn February 1987 a $125 million merger agreement with New York City-Based Toussie-Viner Group was terminated due to weak performance by Heck's in the final months of 1986, and the company filed Chapter 11 bankruptcy. At the time of the filing, Heck's operated 140 stores.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eIn 1989 the company emerged from Chapter 11 with 55 stores and under a new name, as Take 10 Discount Club; a membership club costing $10 to join.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eIn September 1990 all of the assets of the Retail Division were sold to Retail Acquisition Corporation, Inc., and became L.A. Joe Department Stores. Two locations were sold to, and became, Fisher's Big Wheel. One Location was sold to Gabriel Brothers.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eA 1991 Philadelphia Inquirer article lists several factors for the collapse of Heck’s under the new management of Russell Isaacs, putting the blame on Isaacs' sweeping changes to the stores.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eSpecifically, the Inquirer cited customer frustration with constant store redesigns and products being dropped from inventory. The store also faced major troubles from costly data errors caused by its new computer accounting system.\u003c\/p\u003e","published_at":"2018-11-27T15:17:38-05:00","created_at":"2019-01-08T17:04:01-05:00","vendor":"Ghosts of Wall Street","type":"Stock Certificates","tags":["1980s","Date_1980s","Department Stores","Heck's","Price_$10 - $19.99","Region_East","Retail \u0026 Mail Order","West Virginia"],"price":1200,"price_min":1200,"price_max":1200,"available":true,"price_varies":false,"compare_at_price":null,"compare_at_price_min":0,"compare_at_price_max":0,"compare_at_price_varies":false,"variants":[{"id":21018705330240,"title":"Default Title","option1":"Default Title","option2":null,"option3":null,"sku":"1411","requires_shipping":true,"taxable":true,"featured_image":null,"available":true,"name":"Heck's Inc.","public_title":null,"options":["Default Title"],"price":1200,"weight":7,"compare_at_price":null,"inventory_management":"shopify","barcode":"","requires_selling_plan":false,"selling_plan_allocations":[]}],"images":["\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1411.png?v=1551812657","\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1411vign.png?v=1551812665"],"featured_image":"\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1411.png?v=1551812657","options":["Title"],"media":[{"alt":"Heck's, Inc. Stock Certificate","id":2979568189575,"position":1,"preview_image":{"aspect_ratio":1.462,"height":1060,"width":1550,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1411.png?v=1570110488"},"aspect_ratio":1.462,"height":1060,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1411.png?v=1570110488","width":1550},{"alt":"Heck's, Inc. Stock Certificate","id":2979568222343,"position":2,"preview_image":{"aspect_ratio":2.555,"height":822,"width":2100,"src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1411vign.png?v=1570110488"},"aspect_ratio":2.555,"height":822,"media_type":"image","src":"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/products\/1411vign.png?v=1570110488","width":2100}],"requires_selling_plan":false,"selling_plan_groups":[],"content":"\u003ch5\u003eProduct Details\u003c\/h5\u003e\n\u003cp\u003e\u003cimg style=\"display: block; margin-left: auto; margin-right: auto;\" alt=\"\" src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/GhostsofWallStreetLogoEmailFooter_480x480.jpg?v=1594934703\"\u003e\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eNicely engraved antique stock certificate from Heck's Inc. dating back to the 1980's. This document, which carries the printed signatures of the company Chairman of the Board and Secretary, was printed by the Security-Columbian Bank Note Company, and measures approximately 12\" (w) by 8\" (h).\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003eThis certificate features a female figure holding a globe.\u003c\/p\u003e\n\u003ch5 style=\"text-align: left;\"\u003eImages\u003c\/h5\u003e\n\u003cp style=\"text-align: left;\"\u003eYou will receive the exact certificate pictured.\u003c\/p\u003e\n\u003cul\u003e\u003c\/ul\u003e\n\u003ch5\u003e\u003cspan\u003eHistorical Context\u003c\/span\u003e\u003c\/h5\u003e\n\u003cp\u003eHeck's, Inc. was established in 1959 by Fred Haddad, Tom \u0026amp; Lester Ellis, and Doug Cook.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cdiv style=\"text-align: left;\"\u003e\u003cimg style=\"margin-top: 15px; margin-right: 25px; margin-bottom: 20px; float: left;\" alt=\"\" src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0055\/6253\/1904\/files\/HECKS.png?v=1606863507\" width=\"276\" height=\"326\"\u003e\u003c\/div\u003e\n\u003cp\u003eHeck's stores were discount, stand alone department stores found in small cities throughout West Virginia, western Maryland, the Ohio Valley, and parts of Indiana \u0026amp; Kentucky. Its structure and product lines were similar to its competitors, Fisher's Big Wheel, Hills Department Stores, G.C. Murphy's Mart, Tempo and Buckeye Mart Stores and Walmart.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003ePart of Heck's expansion into the Midwest came after acquiring a smaller discounter, T-Way Stores (Tradeway) of Indianapolis, Indiana. It also acquired Mr. Wiggs of Indiana and Ohio in 1981.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eAt its peak in the 1980s, Heck's operated 170 stores throughout West Virginia, Ohio, Kentucky, Pennsylvania, Indiana, Maryland and Virginia. Forbes Magazine ranked Heck’s third nationally in profitability and growth in 1980, beating out Kmart.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eIn 1983, Haddad retired as Heck's president and sold his stock in the company. The Ellis brothers had previously sold out in the 1970s.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eSales fell the following year, and the company saw its first losses in 1984. In 1985, layoffs began, as losses continued.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eA number of factors contributed to Heck’s decline. The U.S. economic downturn of the early 1980s hit West Virginia particularly hard, and the store faced increased competition from other chains as well.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eIn February 1987 a $125 million merger agreement with New York City-Based Toussie-Viner Group was terminated due to weak performance by Heck's in the final months of 1986, and the company filed Chapter 11 bankruptcy. At the time of the filing, Heck's operated 140 stores.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eIn 1989 the company emerged from Chapter 11 with 55 stores and under a new name, as Take 10 Discount Club; a membership club costing $10 to join.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eIn September 1990 all of the assets of the Retail Division were sold to Retail Acquisition Corporation, Inc., and became L.A. Joe Department Stores. Two locations were sold to, and became, Fisher's Big Wheel. One Location was sold to Gabriel Brothers.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eA 1991 Philadelphia Inquirer article lists several factors for the collapse of Heck’s under the new management of Russell Isaacs, putting the blame on Isaacs' sweeping changes to the stores.\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\n\u003cp\u003eSpecifically, the Inquirer cited customer frustration with constant store redesigns and products being dropped from inventory. The store also faced major troubles from costly data errors caused by its new computer accounting system.\u003c\/p\u003e"}

Heck's Inc.

$12.00
Maximum quantity available reached.
Stock Number: 1411
Product Details

 

Nicely engraved antique stock certificate from Heck's Inc. dating back to the 1980's. This document, which carries the printed signatures of the company Chairman of the Board and Secretary, was printed by the Security-Columbian Bank Note Company, and measures approximately 12" (w) by 8" (h).

 

This certificate features a female figure holding a globe.

Images

You will receive the exact certificate pictured.

    Historical Context

    Heck's, Inc. was established in 1959 by Fred Haddad, Tom & Lester Ellis, and Doug Cook.

    Heck's stores were discount, stand alone department stores found in small cities throughout West Virginia, western Maryland, the Ohio Valley, and parts of Indiana & Kentucky. Its structure and product lines were similar to its competitors, Fisher's Big Wheel, Hills Department Stores, G.C. Murphy's Mart, Tempo and Buckeye Mart Stores and Walmart.

    Part of Heck's expansion into the Midwest came after acquiring a smaller discounter, T-Way Stores (Tradeway) of Indianapolis, Indiana. It also acquired Mr. Wiggs of Indiana and Ohio in 1981.

    At its peak in the 1980s, Heck's operated 170 stores throughout West Virginia, Ohio, Kentucky, Pennsylvania, Indiana, Maryland and Virginia. Forbes Magazine ranked Heck’s third nationally in profitability and growth in 1980, beating out Kmart.

    In 1983, Haddad retired as Heck's president and sold his stock in the company. The Ellis brothers had previously sold out in the 1970s.

    Sales fell the following year, and the company saw its first losses in 1984. In 1985, layoffs began, as losses continued.

    A number of factors contributed to Heck’s decline. The U.S. economic downturn of the early 1980s hit West Virginia particularly hard, and the store faced increased competition from other chains as well.

    In February 1987 a $125 million merger agreement with New York City-Based Toussie-Viner Group was terminated due to weak performance by Heck's in the final months of 1986, and the company filed Chapter 11 bankruptcy. At the time of the filing, Heck's operated 140 stores.

    In 1989 the company emerged from Chapter 11 with 55 stores and under a new name, as Take 10 Discount Club; a membership club costing $10 to join.

    In September 1990 all of the assets of the Retail Division were sold to Retail Acquisition Corporation, Inc., and became L.A. Joe Department Stores. Two locations were sold to, and became, Fisher's Big Wheel. One Location was sold to Gabriel Brothers.

    A 1991 Philadelphia Inquirer article lists several factors for the collapse of Heck’s under the new management of Russell Isaacs, putting the blame on Isaacs' sweeping changes to the stores.

    Specifically, the Inquirer cited customer frustration with constant store redesigns and products being dropped from inventory. The store also faced major troubles from costly data errors caused by its new computer accounting system.

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