Sun Television and Appliances

{{Short description|Consumer electronics retailer, 1949–1998}}

{{Infobox company

| name = Sun Television and Appliances

| logo = Sun TV.png

| logo_size = 200px

| caption =

| type = 1949 - 1991: Private
May 1991 - 1998: Nasdaq

| genre =

| fate = Bankruptcy And Liquidation

| predecessor =

| successor =

| foundation = 1949

| founder = Macy Block and Herbie Block

| defunct = 1998

| location_city = Columbus, Ohio

| location_country = United States

| location =

| locations =

| area_served = Northeastern United States, Midwestern United States

| key_people = Macy Block, Bob Oyster, Paul Prosser, Ed Hirsch

| industry = Retail

| products = Consumer electronics, home appliances, car audio sales and installation, office equipment, parts and accessories

| services = Repair and installation

| revenue =

| operating_income =

| net_income =

| aum =

| assets =

| equity =

| owner =

| num_employees =

| parent = ZS Sun Limited Partnership

| divisions =

| subsid =

| homepage =

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}}

Sun Television and Appliances was a speciality retailer of consumer electronics, home appliances, and office equipment founded in 1949 by brothers Macy and Herbie Block. The company had stores in cities throughout the midwest, and also operated stores in rural areas of the United States, where there was no other competition{{cite news

|title = Sun TV announces 20-store expansion

|url = http://columbus.bizjournals.com/columbus/stories/1997/11/17/daily15.html

|work = Columbus Business First

|pages =

|page =

|date = November 20, 1997

|accessdate = 2006-09-29

}} in Ohio, Indiana, New York, Pennsylvania, Maryland, West Virginia, Virginia and Kentucky.

In late 1996, Indiana-based H.H. Gregg Appliances and Electronics had arranged to purchase Sun in an $87.5 million deal that would have paid $5 per share to the owners of Sun's 17.5 million outstanding shares.{{cite news

|title = Indiana chain buys Sun Television

|url = http://www.bizjournals.com/columbus/stories/1996/12/09/daily7.html

|work = Business First of Columbus

|date = December 11, 1996

|accessdate = 2006-09-29

}} However, H.H. Gregg withdrew from the deal over concerns regarding Sun's financial condition.{{cite news

|title = H.H. Gregg takes over closed Sun TV sites

|url = http://columbus.bizjournals.com/columbus/stories/1999/04/12/daily1.html

|work = Business First of Columbus

|date = April 12, 1999

|accessdate = 2006-09-29

}}

The company after filed for Chapter 11 bankruptcy in September 1998. After attempts to sell the company as a going concern failed,{{cite news

|title = SUN TELEVISION: Announces Decision To Liquidate

|url = http://bankrupt.com/TCR_Public/981104.MBX

|work = Troubled Company Reporter

|publisher = InterNet Bankruptcy Library

|date = November 4, 1998

|accessdate = 2006-09-29

}} The company converted to a Chapter 7 liquidation,{{cite web|title=Issue Number 44|url=http://www.tenantsearch.com/dealmakers/1998%20issues/December%201998/DM120498.htm|work=The Dealmakers|accessdate=26 July 2011}} and ceased operations by the end of the year. Some locations were purchased by H.H. Gregg Appliances and Electronics, and were reopened as H.H. Gregg locations.