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Organized Living

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Organized Living
Industry Manufacturing
Founded Ohio (1919)
Headquarters Cincinnati , Ohio
Website http://organizedliving.com/
Organized Living (former)
Industry Retail
Founded Kansas (1985)
Revenue Increase 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 ]

  1. ^ a b c d Goins, Tony (June 24, 2005). "Organized Living liquidating stores" . Columbus Business First . Retrieved Oct 26, 2009 .
  2. ^ a b c d Buchanan, Doug (July 1, 2005). " 'Sad deal' as Organized Living fails" . Columbus Business First . Retrieved Oct 26, 2009 .
  3. ^ "What's in a name? For this brand, everything" . Cincinnati Enquirer . Archived from the original on 16 April 2014 . Retrieved 27 March 2014 .
  4. ^ "About Us" . OrganizedLiving.com . Archived from the original on 16 April 2014 . Retrieved 27 March 2014 .
  5. ^ a b "Organized Living goes west (expanding in Las Vegas, Nevada)" . HFN. June 24, 1996 . Retrieved Oct 27, 2009 . [ dead link ]
  6. ^ "Business Plus, Bulletin Board" . St. Louis Post-Dispatch . January 11, 1993 . Retrieved October 26, 2009 .
  7. ^ "Organized Living Stresses Solutions" . HFN . September 21, 1998 . Retrieved October 27, 2009 . [ dead link ]
  8. ^ "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 .
  9. ^ "Organized Living Chapter 11 Petition" (PDF) . PacerMonitor . Retrieved 7 June 2016 .
  10. ^ "Organized Living names new CEO" . Kansas City Business Journal . January 16, 2004 . Retrieved October 26, 2009 .
  11. ^ Goins, Tony (May 16, 2005). "Organized Living cuts chief in Chapter 11" . Columbus Business First . Retrieved October 26, 2009 .
  12. ^ "Firm shelves brass pipes for Organized Living chain" . Business Courier of Cincinnati . March 30, 2007 . Retrieved Oct 26, 2009 .
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