Atlantic Thrift Centers, Inc. (Specimen)

Atlantic Thrift Centers, Inc. (Specimen)
Item# 4286atlthrift

This company’s roots trace back to Virginia Dare Dresses, Incorporated, which operated a chain of retail stores in New York City. Based at 462 7th Avenue (Manhattan), the company became a casualty of the Great Depression. In March 1933 it went into receivership, with a court appointed receiver being named. In October 1934 the business emerged from financial difficulty and leased 10,000 square feet of space in the Penn Terminal Building at 370 7th Avenue. Philip Wise, another women's wear chain, and Wheelan Studios, rented property in the same building. The re-emergent organization was known as Virginia Dare Stores, Inc. Among the clothing items sold by the retailer included misses' fur trimmed coats, handbags, blouses, sweaters, negligees, and lingeries.

In October 1936 Virginia Dare Stores, Inc., moved its offices from the north portion of the 15th floor of the Penn Terminal Building to the 5th floor of the same edifice. The business occupied the entire 5th floor of the structure. In 1960 Virginia Dare Stores, Inc., owned and operated Atlantic Mills Discount Department Stores.

By December 1963 Virginia Dare Stores, Inc., were known as Atlantic Thrift Centers, Inc. In June 1964 the corporation ran 45 discount stores and 24 women's and children's apparel outlets. In September 1965 Atlantic Thrift Centers, Inc., agreed to merge with Spartans Industries, Inc., of New York. Spartans Industries, Inc., operated 42 discount department stores and 11 Crank drug stores.

Certificate: Common Stock, specimen, late 1900’s

Printer: American Bank Note Company

Dimensions: 8” (h) x 12” (w)

State: NY-New York

Subject Matter: Retail and Related | Specialty Retail | Specimen Pieces

Vignette Topic(s): Company Logo Featured

Condition: No fold lines, punch hole cancels in the signature areas and body, very crisp.

All certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. Unless otherwise indicated, images are representative of the piece(s) you will receive.