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Harvey Electronics Closes New York Flagship

January 2008
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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.

Are you surprised by this move? Talk about it in the Dealerscope forums.
 

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COMMENTS

Most Recent Comments:
RICHARD WARD - Posted on July 06, 2008
LOWER SALES DID NOT KILL HARVEY. THE RENT DID. NYC RENTS ARE INSANE AND THE LANDLORDS WANT TO BE YOUR PARTNER.
Sam - Posted on March 08, 2008
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.
Neil - Posted on February 14, 2008
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 I love audio/video gear, but that store was overpriced, snobbish and outdated.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.