User:Narthring/Anthonys

C.R. Anthony Co., stores branded as Anthony's, was a chain of department stores founded in 1922 in Cushing, Oklahoma by C.R Anthony. Anthony's was acquired by Stage Stores Inc. in 1997 and all stores were rebranded Stage.

C.R. Anthony
Charles Ross Anthony, better known as C.R. Anthony, was born near Trenton, Gibson County, Tennessee on August 10, 1885 and moved to Oklahoma as a young man.

Delegate to the Democratic National Convention from Oklahoma in 1956.

He was a Rotary member.

Named to the Oklahoma Hall of Fame.

The Dixie Store
C.R. Anthony opened his first retail establishment, The Dixie Store, in September 1992 in a 25-foot storefront in Cushing, Oklahoma.

The Dixie Store prospered during Great Depression.

Anthonys
By 1947 C.R. Anthony changed the name of his 75 store chain to Anthonys.

By 1950 there were Anthonys in Oklahoma, Texas, New Mexico, Nebraska, Kansas, and Arkansas.

By 1964 there were 300 store, mostly west of the Mississippi River.

$100 million sales in 1973

$200 million sales in 1978

The Anthony's headquarters at 701 N. Broadway in Oklahoma City, OKlahoma. The warehouse and distribution center was at 5500 W. Reno Ave.

C.R. Anthony retires
C.R. Anthony retired from the company in 1972 and his son Guy Anthony became president of the company. In Guy Anthony retired in 1980 his son, Bob Anthony, became president of the company.

In 1985 Anthony's introduced its own credit card.

At its peak Anthony's had 300 stores in 20 states with $411 million in sales.

Anthony's was once the largest privately-owned firm headquartered in Oklahoma.

Investor group
Bob Anthony remained president of Anthony's until 1987 when the company's shareholders voted to sell it to an investor group sponsored by Citicorp Venture Capital.

C.R. Anthony Company (Nasdaq: CRAU)

Bankruptcy
Anthonys filed for Chapter 11 bankruptcy in 1991 after bank lenders refused to fund seasonal line of credit after technical default on a loan At the time it operated 182 stores in the United States. It emerged from bankruptcy in 1992.

Sold to Stage Stores Inc.
In 1997 Stage Stores Incorporated acquired C.R. Anthony's. It rebranded all of the stores with the Stage name. At the time of the merger Anthony's operated 226 stores in 14 states and opened 13 more before the buyout was complete.