The venerable East Coast electronics chain Harvey Electronics saw the close of an era last week, when it announced the closure of its flagship location on W. 45th Street in Manhattan. According to Information Week, the store will shut its doors Jan. 31, after 40 years.
Harvey maintains a Manhattan location on 19th Street and Broadway, and also owns a Bang & Olufsen Store two blocks away, on 21st Street. The chain also operates stores in Connecticut, Long Island and New Jersey.
The company has suffered of late, as a proposed merger with MyerEmco fell apart, leading it to file for Chapter 11 in December. Harvey said at the time that they will continue to operate and hope to emerge from bankruptcy in the spring.
LOWER SALES DID NOT KILL HARVEY. THE RENT DID. NYC RENTS ARE INSANE AND THE LANDLORDS WANT TO BE YOUR PARTNER.
RICHARD WARD 07/06/2008 at 8:43 PM
Harvey is synonymous
with quality brands,great sales help and superb installations & service. It is indeed a sad day to see their flagship store close. I guess people with money had the sense to shop there.That is why they lasted 40 years in that location.
Sam 03/08/2008 at 01:04 AM
Personally I'm glad they've closed. I love audio/video gear, but that store was overpriced, snobbish and outdated. Only people with more money than sense shopped there.
