Organized Living: Difference between revisions
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'''Organized Living''', formerly known as '''Schulte Corp.''',<ref>{{cite web|title=What's in a name? For this brand, everything.|url=https:// |
'''Organized Living''', formerly known as '''Schulte Corp.''',<ref>{{cite web|title=What's in a name? For this brand, everything.|url=https://www.proquest.com/docview/1288750312|work=Cincinnati Enquirer|access-date=27 March 2014|archive-date=16 April 2014|archive-url=https://web.archive.org/web/20140416181008/http://pqasb.pqarchiver.com/enquirer/doc/1288750312.html?FMT=ABS&FMTS=ABS:FT&date=Feb+17%2C+2013&author=Prevish%2C+Val&pub=Cincinnati+Enquirer&edition=&startpage=&desc=What%27s+in+a+name%3F+For+this+brand%2C+everything|url-status=live}}</ref> is a company that manufactures storage and organization products for the home, sold through independent dealers in the [[United States]] and [[Canada]].<ref>{{cite web|title=About Us|url=http://organizedliving.com/about/about-us|website=OrganizedLiving.com|accessdate=27 March 2014|archive-date=16 April 2014|archive-url=https://web.archive.org/web/20140416173920/http://organizedliving.com/about/about-us|url-status=dead}}</ref> Prior to 2007, Organized Living was a [[Retailing#Shops and stores|specialty retail chain]] in the United States that sold storage solutions for home and office. |
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== History == |
== History == |
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The store eventually grew to 25 stores before filing for bankruptcy in 2005, after planned financing did not come to fruition.<ref>{{cite web|title=Organized Living Chapter 11 Petition|url=https://www.pacermonitor.com/view/2JQX35I/Organized_Living_Inc__ohsbke-05-57620__0001.0.pdf|website=PacerMonitor|accessdate=7 June 2016}}</ref><ref name="CBF-10-26-05" /> After private equity firm [[Saunders Karp & Megrue]] bought a majority stake in the company,<ref name="CBF-7-1-05" /> the former head of [[Bath & Body Works]], Beth Pritchard, was hired in January 2004 to grow the chain into a national presence.<ref name="KC1-2004">{{cite news | url= http://kansascity.bizjournals.com/kansascity/stories/2004/01/12/daily58.html | title=Organized Living names new CEO | newspaper=[[Kansas City Business Journal]] | date=January 16, 2004 | accessdate=October 26, 2009}}</ref> Pritchard also moved the company's headquarters from [[Lenexa, Kansas]], in the [[Kansas City, Missouri|Kansas City]] area, to [[Westerville, Ohio]], near [[Columbus, Ohio|Columbus]].<ref name="CBF-10-26-05" /> Pritchard was released in May 2005 during the bankruptcy proceedings.<ref name="CBF-5-16-05">{{cite news | url= http://columbus.bizjournals.com/columbus/stories/2005/05/16/daily4.html | title=Organized Living cuts chief in Chapter 11 | newspaper=[[Columbus Business First]]| date=May 16, 2005 | accessdate=October 26, 2009 | first=Tony | last=Goins}}</ref> Pritchard cited changes in Saunder Karp's commitment to finance growth as the cause of the collapse.<ref name="CBF-7-1-05" /> |
The store eventually grew to 25 stores before filing for bankruptcy in 2005, after planned financing did not come to fruition.<ref>{{cite web|title=Organized Living Chapter 11 Petition|url=https://www.pacermonitor.com/view/2JQX35I/Organized_Living_Inc__ohsbke-05-57620__0001.0.pdf|website=PacerMonitor|accessdate=7 June 2016}}</ref><ref name="CBF-10-26-05" /> After private equity firm [[Saunders Karp & Megrue]] bought a majority stake in the company,<ref name="CBF-7-1-05" /> the former head of [[Bath & Body Works]], Beth Pritchard, was hired in January 2004 to grow the chain into a national presence.<ref name="KC1-2004">{{cite news | url= http://kansascity.bizjournals.com/kansascity/stories/2004/01/12/daily58.html | title=Organized Living names new CEO | newspaper=[[Kansas City Business Journal]] | date=January 16, 2004 | accessdate=October 26, 2009}}</ref> Pritchard also moved the company's headquarters from [[Lenexa, Kansas]], in the [[Kansas City, Missouri|Kansas City]] area, to [[Westerville, Ohio]], near [[Columbus, Ohio|Columbus]].<ref name="CBF-10-26-05" /> Pritchard was released in May 2005 during the bankruptcy proceedings.<ref name="CBF-5-16-05">{{cite news | url= http://columbus.bizjournals.com/columbus/stories/2005/05/16/daily4.html | title=Organized Living cuts chief in Chapter 11 | newspaper=[[Columbus Business First]]| date=May 16, 2005 | accessdate=October 26, 2009 | first=Tony | last=Goins}}</ref> Pritchard cited changes in Saunder Karp's commitment to finance growth as the cause of the collapse.<ref name="CBF-7-1-05" /> |
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Schulte Corp., one of the company's biggest creditors, obtained rights to the Organized Living name in the bankruptcy proceedings, and operated OrganizedLiving.com as an online retailer through 2012.<ref name="CBF-3-30-07">{{cite news | url= http://cincinnati.bizjournals.com/cincinnati/stories/2007/04/02/story8.html | title=Firm shelves brass pipes for Organized Living chain | newspaper=Business Courier of Cincinnati| date=March 30, 2007 | accessdate=Oct 26, 2009}}</ref> On January 1, 2013, Schulte Corp. changed its corporate name to Organized Living and relaunched OrganizedLiving.com as its new website.{{cn}} |
Schulte Corp., one of the company's biggest creditors, obtained rights to the Organized Living name in the bankruptcy proceedings, and operated OrganizedLiving.com as an online retailer through 2012.<ref name="CBF-3-30-07">{{cite news | url= http://cincinnati.bizjournals.com/cincinnati/stories/2007/04/02/story8.html | title=Firm shelves brass pipes for Organized Living chain | newspaper=Business Courier of Cincinnati| date=March 30, 2007 | accessdate=Oct 26, 2009}}</ref> On January 1, 2013, Schulte Corp. changed its corporate name to Organized Living and relaunched OrganizedLiving.com as its new website.{{cn|date=September 2023}} |
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==References== |
==References== |
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Latest revision as of 17:55, 28 July 2024
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| Industry | Manufacturing |
|---|---|
| Founded | Ohio (1919) |
| Headquarters | Cincinnati, Ohio |
| Website | http://organizedliving.com/ |
| Industry | Retail |
|---|---|
| Founded | Kansas (1985) |
| Revenue |  USD Est. $75-100 million in 2004-05[1] |
Number of employees | ~1000 in 2004-05[2] |
Organized Living, formerly known as Schulte Corp.,[3] is a company that manufactures storage and organization products for the home, sold through independent dealers in the United States and Canada.[4] Prior to 2007, Organized Living was a specialty retail chain in the United States that sold storage solutions for home and office.
History
[edit]In 1985, Mark Ferrel founded the company as Containers Unlimited, in Kansas,[1][2] with its first location in Overland Park.[5] In 1993, the then-two store chain changed its name from Containers and More to Organized Living.[6] By mid-1996, the chain had three stores (the original location plus two others in St. Louis) and next expanded by adding two stores in Las Vegas, in early 1997.[5] As it grew, the company consciously decided to focus expansion on markets not already served by The Container Store, its primary competitor.[7] As of mid-2000, the chain had grown to 11 stores.[8]
The store eventually grew to 25 stores before filing for bankruptcy in 2005, after planned financing did not come to fruition.[9][1] After private equity firm Saunders Karp & Megrue bought a majority stake in the company,[2] the former head of Bath & Body Works, Beth Pritchard, was hired in January 2004 to grow the chain into a national presence.[10] Pritchard also moved the company's headquarters from Lenexa, Kansas, in the Kansas City area, to Westerville, Ohio, near Columbus.[1] Pritchard was released in May 2005 during the bankruptcy proceedings.[11] Pritchard cited changes in Saunder Karp's commitment to finance growth as the cause of the collapse.[2]
Schulte Corp., one of the company's biggest creditors, obtained rights to the Organized Living name in the bankruptcy proceedings, and operated OrganizedLiving.com as an online retailer through 2012.[12] On January 1, 2013, Schulte Corp. changed its corporate name to Organized Living and relaunched OrganizedLiving.com as its new website.[citation needed]
References
[edit]- ^ a b c d Goins, Tony (June 24, 2005). "Organized Living liquidating stores". Columbus Business First. Retrieved Oct 26, 2009.
- ^ a b c d Buchanan, Doug (July 1, 2005). "'Sad deal' as Organized Living fails". Columbus Business First. Retrieved Oct 26, 2009.
- ^ "What's in a name? For this brand, everything". Cincinnati Enquirer. Archived from the original on 16 April 2014. Retrieved 27 March 2014.
- ^ "About Us". OrganizedLiving.com. Archived from the original on 16 April 2014. Retrieved 27 March 2014.
- ^ a b "Organized Living goes west (expanding in Las Vegas, Nevada)". HFN. June 24, 1996. Retrieved Oct 27, 2009.[dead link]
- ^ "Business Plus, Bulletin Board". St. Louis Post-Dispatch. January 11, 1993. Retrieved October 26, 2009.
- ^ "Organized Living Stresses Solutions". HFN. September 21, 1998. Retrieved October 27, 2009.[dead link]
- ^ "Upscale Organized Living opening at The Summit". Birmingham Business Journal. June 9, 2000. Archived from the original on August 16, 2016. Retrieved Oct 26, 2009.
- ^ "Organized Living Chapter 11 Petition" (PDF). PacerMonitor. Retrieved 7 June 2016.
- ^ "Organized Living names new CEO". Kansas City Business Journal. January 16, 2004. Retrieved October 26, 2009.
- ^ Goins, Tony (May 16, 2005). "Organized Living cuts chief in Chapter 11". Columbus Business First. Retrieved October 26, 2009.
- ^ "Firm shelves brass pipes for Organized Living chain". Business Courier of Cincinnati. March 30, 2007. Retrieved Oct 26, 2009.