Chase-Newark was a short lived, upper middle-market department store based in

Newark, New Jersey Newark ( , ) is the List of municipalities in New Jersey, most populous City (New Jersey), city in the U.S. state of New Jersey and the county seat, seat of Essex County, New Jersey, Essex County and the second largest city within the New Yo ...

. The company also operated 2 suburban stores during its three-year history. Chase-Newark was founded early in 1964 when David Chase purchased the Kresge-Newark Department stores from the

Kresge Foundation The Kresge Foundation is a philanthropic private foundation headquartered in Troy, Michigan, United States. The foundation works to expand opportunities in America's cities through grantmaking and investing in arts and culture, education, envir ...

, and leased back 5 floors of the downtown Newark location. When Sebastian Kresge (the founder of

Kresge-Newark Kresge-Newark was an upper-middle market department store based in Newark, New Jersey. The firm was started in 1923 when its founder Sebastian Kresge purchased the L.S. Plaut Department store "S. S. Kresge Enters New Enterprise— Twenty-five-Mi ...

) died a foundation was set up to run the stores that bore his name. David Chase could have used the Kresge name but instead re-branded the stores Chase-Newark, as he planned to refocus the stores to be (like Kresge), more upmarket compared to

Bamberger's Bamberger's was a department store chain with branches primarily in New Jersey and other locations in Delaware, Maryland, New York, and Pennsylvania. The chain was headquartered in Newark, New Jersey. History 1892–1912 Newark was known for m ...

, but more trendy and fashion aware than

was. It was reported that David Chase spent close to 1 million dollars renovating the downtown Newark flagship to fit his vision. Chase-Newark used 5 selling floors of the flagship building, down from 8 last used by Kresge. The

Western Electric Company The Western Electric Company was an American electrical engineering and manufacturing company officially founded in 1869. A wholly owned subsidiary of American Telephone & Telegraph for most of its lifespan, it served as the primary equipment ...

that leased the 2 top floors from Kresge, now leased the top 5 floors from Chase for use as their corporate offices. Like Kresge, Chase-Newark continued the tradition of maintaining display windows in an unbroken chain along the Broad Street,

Raymond Boulevard Raymond Boulevard is a major thoroughfare in Newark, New Jersey. The eastern portion of the road acts as the westbound member of a one-way pair; eastbound traffic uses Market Street and Ferry Street. Raymond Boulevard carries eastbound and westb ...

, and Halsey Street sides of the flagship. The Chase era did not last long, and in early 1967 it was announced that Chase would cease doing business, and that 4 selling floors of the flagship location were being leased to the Two Guys chain.

References

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External links

The Big 3 department stores, their life and times
Defunct department stores based in New Jersey Companies based in Newark, New Jersey