Highland Superstores
{{Short description|Defunct appliance/electronics store chain}}
{{Infobox company
| name = Highland Superstores, Inc.
| logo = File:Highland_Superstores_Logo.webp
| caption =
| romanized =
| former type =
| industry = Retail
| fate = Liquidation
| foundation = Highland Park, Michigan, 1933
| founder = Harry Mondry
| defunct = 1993
| location_city =
| location_country =
| locations =
| area_served = Midwestern United States
| products = Consumer electronics and home appliances
}}
Highland Superstores was an American consumer electronics and home appliance chain. It was founded in 1933 as Highland Appliance by Harry Mondry in Highland Park, Michigan. By the end of the 1970s, the chain had 18 stores throughout the midwest with headquarters in Plymouth, Michigan.{{cite news| title=An Electronics Chain's Sharp Slide| url=https://www.nytimes.com/1989/04/29/business/an-electronics-chain-s-sharp-slide.html?src=pm&pagewanted=1| last=Berg| first=Eric N.| work=The New York Times| date=29 April 1989| accessdate=2014-03-27}}
The chain went public in 1985 and had 84 stores,{{Cite news |last=Berg |first=Eric N. |last2=Times |first2=Special To the New York |date=1989-04-29 |title=An Electronics Chain's Sharp Slide |language=en-US |work=The New York Times |url=https://www.nytimes.com/1989/04/29/business/an-electronics-chain-s-sharp-slide.html |access-date=2023-11-18 |issn=0362-4331}} at which point it was the second-largest American electronics retailer behind Circuit City. Despite its number of locations, the chain began to experience financial troubles in the late 1980s and early 1990s. In 1990, Highland hired an investment firm to decide the chain's future.{{cite news| title=Hard Times for Highland| url=http://business.highbeam.com/5280/article-1G1-10580373/hard-times-highland| archive-url=https://web.archive.org/web/20160307163107/https://business.highbeam.com/5280/article-1G1-10580373/hard-times-highland| url-status=dead| archive-date=7 March 2016| work=Indianapolis Business Journal| date=31 December 1990| publisher=highbeam.com| accessdate=2014-03-27}} At this point, it had also expanded into New York and Texas.{{cite news| title=Stores Seeking Buyer or Partner| url=https://news.google.com/newspapers?nid=2199&dat=19901220&id=pyAyAAAAIBAJ&sjid=ReYFAAAAIBAJ&pg=6418,1610673| page=7B| work=Lawrence Journal-World| date=20 December 1990| accessdate=2014-03-27}} Upon fierce competition in Texas, they left the area in 1991 and announced they would concentrate on keeping their remaining 50 stores in the Midwest.{{Cite web|url=https://infoweb.newsbank.com/apps/news/document-view?p=NewsBank&t=pubname%3AHCBF%21Houston%2BChronicle%2B%2528TX%2529&sort=YMD_date%3AA&maxresults=20&f=advanced&val-base-0=mcduff%20electronics&fld-base-0=alltext&docref=news/0ED7B0E6EF6ED774|title=User account}}
Highland filed for Chapter 11 bankruptcy in August 1992, and liquidated its last 30 stores in 1993.{{cite news| title=Highland Superstores to Liquidate Assets| url=https://www.nytimes.com/1993/03/17/business/company-news-highland-superstores-to-liquidate-assets.html| work=The New York Times| date=17 March 1993| accessdate=2014-03-27}}
References
{{Reflist}}
Category:Defunct consumer electronics retailers of the United States
Category:Defunct companies based in Michigan
Category:Defunct retail companies of the United States
Category:Companies based in Wayne County, Michigan
Category:Highland Park, Michigan
Category:1933 establishments in Michigan
Category:1993 disestablishments in Michigan
Category:Retail companies established in 1933
Category:Retail companies disestablished in 1993
Category:Companies that filed for Chapter 11 bankruptcy in 1992