American furniture and home decor retailer
Gump's
![](//upload.wikimedia.org/wikipedia/commons/thumb/a/a7/Gump%27s_SF_entrance_1.JPG/220px-Gump%27s_SF_entrance_1.JPG) Entrance to Gump's in San Francisco
|
Company type
| Private
|
---|
Industry
| Retail
|
---|
Founded
| 1861
; 163 years ago
(
1861
)
|
---|
Founder
| Solomon and Gustav Gump
|
---|
Headquarters
| |
---|
Number of locations
| 1
|
---|
Parent
| Chachas family
[1]
|
---|
Website
| gumps
.com
|
---|
Gump's
is a
luxury
American home furnishings and home decor retailer, founded in 1861 in
San Francisco, California
.
[2]
The company was acquired by the Chachas family in June 2019 and announced that it would be opening a San Francisco location for the holiday season as well as an e-commerce business.
[3]
History
[
edit
]
Solomon Gump, c. 1901
S & G Gump was founded in 1861 as a mirror and frame shop by Solomon Gump and his brother, Gustav. It later sold
moldings
, gilded
cornices
, and European artwork to those recently made wealthy from the
California Gold Rush
.
The business flourished; the store sold products ranging from
jewelry
made from
jade
,
precious gemstones
, and
cultured freshwater pearls
to products from luxury designers such as
Hermes
and
Buccellati
. Customers included
Franklin D. Roosevelt
, who bought
model ships
and
smoking jackets
there, and
Sarah Bernhardt
, who bought a 17th-century bronze Chinese snake in preparation for playing
Cleopatra
.
[4]
It was eventually passed on to Solomon's son Alfred Livingston Gump. The fire following the
1906 earthquake
destroyed the store and all of the merchandise, but thanks to Dodie Valencia, A.L. received $17,000 for one of his paintings, which allowed funding for the rebuilding and restocking of the store. A.L. was fueled by his passion for
Oriental art
and began selling his exotic collectibles from the Far East. He sent his buyers to
Japan
and
China
, bringing back exotic rugs, porcelains, silks, bronzes and jades to California's new millionaires.
[
citation needed
]
Richard Gump, one of A.L.’s three children, eventually became president of Gump's after his father's death in 1947. He continued the family legacy, running the company's overall operations until his retirement in 1975.
[5]
Gump's was sold to publisher
Crowell Collier
, which after further mergers became
Macmillan Publishers
. By June 1989, Gump's had again been sold,
[6]
this time to an investment group including Japan's Tobu Department Store and the
Charterhouse Group
.
In 1993, Gump's was in financial trouble when the catalog company later known as
Hanover Direct
bought it. They reduced the product lines, holding a liquidation sale on May 24, 1993, and revived the business,
[4]
then in 2005 sold it to an investment group for $8.5 million.
[7]
[8]
The company began catalog sales in the 1950s and as of May 2018
[update]
, more than 75% of its sales were through the catalog or online.
[9]
Gump's filed for
Chapter 11 bankruptcy
on August 3, 2018.
[9]
On August 10, final liquidation sales began on the retailer's official website and at its remaining storefront in San Francisco;
[10]
the store closed on December 23, 2018.
[8]
In 2019, the Chachas family reopened Gump's in its former long-time location, 250 Post Street in Union Square. However, the Chachas closed Gump’s for an indeterminate period in 2020 due to the City of San Francisco's regulations during the COVID-19 pandemic.
[11]
As of 2022, Gump’s is now open Monday through Saturday.
Buddha statue
[
edit
]
A statue of
Buddha
was displayed inside the San Francisco store. The original statue was bronze, acquired in 1928; in 1949 Gump's donated it to the San Francisco Parks Department in memory of Alfred Livingston Gump, and it is in the
Japanese Tea Garden
in
Golden Gate Park
.
[12]
It was replaced at some point by an unusually large
Qing Dynasty
gilded wood Buddha.
[8]
This was carved in the
Chengde Mountain Resort
, the summer capital of the Qing Emperors in the early 19th century, and was the largest of its kind outside a museum.
[
citation needed
]
It was bought by one of the 2005 purchasers, New York investment banker John Chachas, who loaned it to the store until the liquidation.
[8]
Notes
[
edit
]
- Roseman, Janet Lynn; Birmingham and Saeks (1991).
Gump's Since 1861, A San Francisco Legend
. San Francisco, CA: Chronicle Books. p. 136.
- Gump, Richard (1962).
Good Taste Costs No More
. New York: Doubleday and Company.
- "Gump's Goes Modern"
.
Time
. May 30, 1949.
References
[
edit
]
- ^
"Gump's has been acquired"
.
Retail Insight Network
. July 8, 2019.
- ^
Warren Shoulberg (9 July 2019).
"Gump's And Z Gallerie Are The Latest Retailers Back From The Dead"
.
Forbes
.
- ^
Sophia Kunthara (June 29, 2019).
"Famed SF retail store Gump's is coming back. It may just not be in San Francisco"
.
San Francisco Chronicle
.
- ^
a
b
Bill Van Niekerken (December 19, 2018).
"Ode to Gump's: Memories flow from archive as SF's oldest store says goodbye"
.
San Francisco Chronicle
.
Archived
from the original on 2015-09-11.
- ^
"About Gump Station"
. Archived from
the original
on 2010-12-21
. Retrieved
2010-11-17
.
- ^
Isadore Barmash,
"Business People; Gump's Specialty Stores Said to Fill Top Position"
,
The New York Times
, August 1, 1989.
- ^
Jenny Strasburg,
"Investment firms buying Gump's: Deal expected to be completed in March"
,
San Francisco Chronicle
, February 16, 2005.
- ^
a
b
c
d
Sophia Kunthara,
"With Gump's closed, beloved Buddha statue pulls vanishing act"
,
San Francisco Chronicle
, December 25, 2018.
- ^
a
b
Roland Li,
"Gump’s, a 157-year-old SF retailer, files for bankruptcy protection"
,
San Francisco Chronicle
, August 4, 2018.
- ^
"Going-out-of-business sales begin at Gump's"
.
Gordon Brothers
. August 10, 2018
. Retrieved
August 14,
2018
.
- ^
ABC 7 News:June 6th, 2021: Gump’s San Francisco considering closing Gump’s storefront
- ^
Bill Van Niekerken,
"A history lesson from the Buddha at SF's Japanese Tea Garden"
,
San Francisco Chronicle
, July 7, 2015, updated December 10, 2018.
External links
[
edit
]
Wikimedia Commons has media related to
Gump's
.