Gabe's
{{Short description|American retail chain}}
{{distinguish|Gabès}}
{{Infobox company
| name = Gabriel Brothers, Inc.
| trade_name = Gabe's
| logo = Gabe's logo.png
| logo_size = 150px
| logo_alt =
| image = ELYRIA GO-58.jpg
| image_size = 250px
| image_caption = Exterior of a Gabe's store in Elyria, Ohio (a former Dick's Sporting Goods)
| former_names = {{ubl|class=nowrap
| Gabriel Brothers| {{small|(1961–2013)}}
}}
| type = Private
| industry = Retail
| founded = {{start date and age|1961|p=y}} in Morgantown, West Virginia
| founders = {{plain list|
- Jamarah Gabriel
- Arthur Gabriel
}}
| location = 55 Scott Avenue
Morgantown, West Virginia
U.S.
| num_locations = {{increase}} 131 stores (April 2023)
| area_served = Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Virginia, West Virginia
| key_people = Jason Mazzola {{small|(CEO)}}
| products = Clothing and accessories, footwear, beauty and health products, bedding, housewares, furniture, food, small electronics, pet supplies, toys
| brands =
| owner = Alvarez & Marsal Capital (majority; 2012-2016)
Warburg Pincus
(majority; 2016-present)
Gabriel family
(minority; 2012-present)
| revenue = {{increase}} US$1 billion (2021)
| num_employees = 8,000 (2023)
| subsid = Old Time Pottery
| website = {{URL|https://www.gabesstores.com/}}
}}
Gabriel Brothers, Inc. (doing business as Gabe's) is an American off-price department store chain headquartered in Morgantown, West Virginia, United States. As of 2023, there are 131 Gabe’s stores and 38 Old Time Pottery stores across 20 states, with the support of six distribution centers serving the Mid-Atlantic, Midwest, and Southeast.
History
In the early 1920s, Zaghieb G. "Z.G." Gabriel began selling merchandise out of the back of a green-paneled truck he had outfitted with shelves and drawers. As he drove his mobile shop through the coal towns of Fayette County, Pennsylvania, he greeted and got to know his customers, seeing firsthand the need for inexpensive merchandise. Z.G. began to hop freight trains bound for New York City, taking empty duffle bags with him. There, he would buy up excess inventory from shops, returning with bags full of merchandise to sell at deep discounts.{{Citation needed|date=March 2025}}
In 1961, Z.G.'s two sons, James and Arthur, co-founded Gabriel Brothers in Morgantown, West Virginia.{{Cite web |date=2021-10-06 |title=Gabriel Brothers: What to know about the company opening a $77.5M distribution center in Springfield |url=https://www.yahoo.com/news/gabriel-brothers-know-company-opening-040100461.html |access-date=2025-03-26 |website=Yahoo News |language=en-US}} Through the 1980s and 1990s, the brothers led Gabe's through an expansion into various states including Maryland, Ohio, and Virginia.{{Cite web |title=Growth prompted Gabe's to make largest investment in Springfield |url=https://www.springfieldnewssun.com/news/growth-prompted-gabes-to-make-largest-investment-in-springfield/4AADDM4D7ZFVPCIYISAVG5PVZU/ |access-date=2025-03-26 |website=springfield-news-sun |language=English}}
On March 21, 2012, the Gabriel family sold its majority interest in the company to Alvarez & Marsal Capital, a New York City-based middle-market private equity firm.{{cite web |last=|first=|title=Alvarez & Marsal Capital Acquires Gabriel Brothers in Partnership with Gabriel Family|url=https://www.a-mcapital.com/alvarez-marsal-capital-acquires-gabriel-brothers-in-partnership-with-gabriel-family/|date=March 21, 2012|work=A&M Capital|access-date=April 19, 2024}} In 2013, the stores were rebranded as "Gabe's", but retained "Gabriel Brothers" as its legal name.{{Cite news |last=Rizzo |first=Lillian |last2=Mattioli |first2=Dana |date=2015-07-08 |title=A&M Capital-Backed Discount Retailer Gabe's Weighs a Sale |url=https://www.wsj.com/articles/DJFLBO0120150708eb78bov2f |access-date=2025-03-12 |work=Wall Street Journal |language=en-US |issn=0099-9660}}{{Cite web|url=https://www.gabesstores.com/about-gabes|title=About Gabes|website=Gabe's}}
On December 22, 2016, Alvarez & Marsal Capital sold their stake to Warburg Pincus, a private equity firm also based in New York City.{{cite web |last=|first=|title=Gabe's Sold To Warburg Pincus|url=https://sgbonline.com/gabes-sold-to-warburg-pincus/|date=December 22, 2016|work=SGB Media|access-date=April 19, 2024}}
In April 2023, Gabe’s acquired the Tennessee-based, home merchandise chain Old Time Pottery.{{Cite web |last=Sharma |first=Soumya |date=2023-04-20 |title=Off-price retailer Gabe's acquires Old Time Pottery |url=https://www.retail-insight-network.com/news/gabes-acquires-old-time-pottery/ |access-date=2025-03-05 |website=Retail Insight Network |language=en-US}}{{Cite web |last=Pickle |first=Geoff |date=2024-02-14 |title=Old Time Pottery making way for Gabe's |url=https://sbj.net/stories/old-time-pottery-making-way-for-gabes,93912 |access-date=2025-03-05 |website=Springfield Business Journal |language=en}}
As of 2024, there are 131 Gabe’s and 34 Old Time Pottery store locations in 20 states: Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.
References
{{reflist}}
External links
- {{Official website}}
Category:Retail companies based in West Virginia
Category:Discount stores of the United States
Category:Companies based in Morgantown, West Virginia
Category:American companies established in 1961
Category:Retail companies established in 1961
Category:1961 establishments in West Virginia
Category:Department stores of the United States
Category:Warburg Pincus companies
{{US-retail-company-stub}}