Spartans Industries, Inc. (Discount Stores)
Spartans Industries, Inc. (Discount Stores)
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Spartans Industries, Inc.
1960's and 1970's
Federated Bank Note Company
12" (w) by 8" (h)
Representative of the piece you will receive
Spartans Industries, Inc. was the parent company of Charles Bassine's two discount retailers - Spartans and Atlantic Mills - and a Tennessee-based private label clothing manufacturer. It was originally known as the Sparta Manufacturing Company.
While the discount stores struggled, the clothing manufacturing arm thrived, providing shirts for such retail giants as Sears, Montgomery Ward and JC Penney.
In the mid 1960's Bassine's Spartan Industries merged with Korvettes - a New York based discount chain. Even though Spartan was half the size of Korvette's, it became the surviving corporate entity (though Korvette stores retained the Korvette name).
By the mid 60’s the Korvette organization was developing serious cracks, and the merger did little to remedy this. Sales growth had slowed down, the furniture, carpet and supermarket entities were dumped, and the company struggled to find a consistent identity that consumers would identify with. Fashion became the company’s focus, but was also its biggest problem, with the cheaper Sparta goods having replaced Korvette’s earlier private label lines. The two-story suburban store design also led to an unforeseen and vexing problem that was only discovered over time – the stores were patterned after the more upscale department store mode, where two or more levels are commonplace and escalators aren’t compatible with shopping carts. This goes against the grain of the department store shopper’s mindset, where one can “load up” their carts with bargains as they pass by. Without carts, people tend to be more selective, if only so they don’t have to lug the stuff around. To cite a modern day example, Kohl's has keyed into this and wisely offers carts.
In 1968, Eugene Ferkauf resigned and cut all ties with Korvette. The “Duke of Discounting”, a man who done a great deal to create and popularize an entire retail category was gone. From here, the Korvette story becomes a long series of management changes and failed merchandising strategies. New store growth was sharply cut back. Plans to expand into Florida, long a standard move of northeast-based retailers, were scuttled. In a very controversial move in 1971, Bassine sold control of the entire company to Arlen Realty and Development, which was run by Bassine’s son-in law, Arthur Cohen. Arlen was one of America’s largest real estate developers at the time, with major holdings in New York City and other top markets, and had built many of Korvette’s stores over the years.
Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!
All of our pieces are original - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.
Are the certificates offered on your site genuine or reproductions?All of the certificates you see on our site are genuine pieces, we do not sell any reproductions.
Are the certificates you sell negotiable on any of today's stock markets or indexes?
No. All of the pieces we sell are either canceled or obsolete and have collectible value only.
Are the images presented in your product listings of the exact piece I will receive?
It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.
How will you ship my order and how much do you charge?
We ship all orders via the United States Postal Service. Most domestic orders are shipped via Ground Advantage. USPS International, Priority and Express Mail, UPS and DHL services are also available, and costs are calculated during checkout. Current charges may be reviewed here.
Can I return my purchase?
Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.
We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.
If your order exceeds $35, and the shipping address is within the United States, shipping via USPS Ground Advantage is FREE!
We make every effort to ship out all orders within 24 hours of receipt.
We ship the majority of orders via the USPS, with domestic orders using the Ground Advantage service.
Shipping is calculated during checkout. Upgraded services such as Priority and Express Mail, as well as UPS and DHL options, are also available.
As soon as your order is shipped you will receive your tracking information via email.
OVERSEAS ORDERS PLEASE NOTE THAT WE DECLARE FULL ORDER VALUE ON ALL SHIPMENTS. CUSTOMER IS RESPONSIBLE FOR ALL VAT/CUSTOMS CHARGES.
Our goal is to make sure every item you receive is exactly what you had in mind. If you not happy with your purchase, we’ll help you get it sorted in a timely and professional manner.
You can return anything we offer for an exchange, refund or store credit within 30 days of delivery. Return shipping costs may apply, and the item must be in its original condition and packaging.
Any shipping charges collected on the original order are not eligible for a refund.