Gadzooks (retailer)
 Commonly used logo | |
_Atlanta,_GA_May_2019.jpg) A Gadzooks store reconstructed for the set of R. L. Stine's Fear Street at the North DeKalb Mall in Atlanta | |
| Founded | 1983 |
|---|---|
| Founder | Jerry Szczepanski Larry Titus |
| Defunct | March 17, 2005 |
| Fate | Acquired by Forever 21 and shut down |
| Headquarters | Carrollton, Texas |
Gadzooks, Inc. was a mall-based teenage clothing retailer. It was acquired by Forever 21 in 2005 and then shut down. Gadzooks stores had a life-size version of part of a Volkswagen Beetle inside.[1] Dozens of the cars were sawed in half for use as displays throughout its locations during the 1990s.[2]
History
[edit]The company was founded in 1983 as a T-shirt business[3] by brothers-in-law Jerry Szczepanski and Larry Titus, and inspired by the shopping habits of Szczepanski's teenage sons.[4] The first store was in Mesquite, Texas.[5] In order to fill floorspace, the founders displayed an "old, white Volks-wagen bug" in the store.
By 1992, the company had 33 stores in Texas.[5] In 1995, the company became a public company via an initial public offering and within three months, the share price quadrupled from $15 to $61.[5] That year the company had 195 stores.[6] In 2000, the company operated 330 Gadzooks in 35 states.[7]
In 2003, in response to heightened competition, the company retooled, shifting from being a "mini-department store", and dropping its male clothing line,[4] to focus exclusively on 16- to 22-year-old females,[8] which proved a fatal shift in its viability.[citation needed] Gadzooks was one of the first national retail chains to adopt the teenage shopper as its target market.[4]
In February 2004, the company filed bankruptcy and announced plans to reduce its store count from 410 to 252.[9] In March 2005, Forever 21 purchased the chain[10][11] for $33 million.[10][12] The stores were eventually phased out.[3]
In 2019, Forever 21, the successor to Gadzooks, filed for Chapter 11 bankruptcy.[13] On March 3, 2025, Forever 21 filed for Chapter 11 bankruptcy for the second time in 6 years, blaming decreasing mall traffic and competitors such as Temu and Shein as factors contributing to the filing. Forever 21 conducted liquidation sales at all of its US stores that same day, noting that it was unable to find a buyer, leading to the company's 350 remaining locations in the US being permanently closed.[14]
References
[edit]- ^ Nelson, Emily (December 1998). "Underground Tastemakers: Delia's, Gadzooks and Others". Wall Street Journal.
- ^ Lucsko, David N. (2016). Junkyards, Gearheads, and Rust : Salvaging the Automotive Past. JHU Press. p. 44. ISBN 9781421419435.
- ^ a b Starkey, Ted (May 15, 2018). "U.S. chains that no longer exist". Newsday.
- ^ a b c Hartford, James (2003-04-21). "Gadzooks to Only Focus on Teen Girl Consumer". www.sgbonline.com. SGB Media. Retrieved 2022-09-26.
- ^ a b c HOLLANDSWORTH, SKIP (June 1999). "It's Like, You Know". Texas Monthly.
- ^ Lewis, Casey (August 27, 2014). "Where Are They Now: The Great Suburban Mall Store Demise". Vox Media.
- ^ Stevens, Liz (2000-08-01). "GADZOOKS STORES ZOOM IN ON HIP TEENAGERS' FICKLE TASTES\ THE CLOTHING STORE/HANGOUT STAYS CLOSE TO THE CUTTING EDGE, BUT NOT CLOSE ENOUGH TO SCARE AWAY AVERAGE ADOLESCENTS". www.greensboro.com. Greensboro News & Record. Retrieved 2022-09-26.
- ^ "Gadzooks to sell only women's clothing". American City Business Journals. Dallas Business Journal. January 9, 2003.
- ^ "Gadzooks files for bankruptcy protection". American City Business Journals. St. Louis Business Journal. February 3, 2004.
- ^ a b "Mall stalwart Forever 21 files for bankruptcy as e-commerce cuts into sales". Dallas News. 2019-09-30. Retrieved 2020-08-10.
- ^ Lewis, Casey (2014-08-27). "Where Are They Now: The Great Suburban Mall Store Demise". Racked. Retrieved 2020-08-10.
- ^ "Forever 21 wraps up Gadzooks deal". American City Business Journals. Dallas Business Journal. March 17, 2005.
- ^ Maheshwari, Sapna (September 29, 2019). "Gadzooks Files For Bankruptcy". The New York Times.
- ^ "Fast-fashion retailer Forever 21 files for bankruptcy". Reuters. March 17, 2025. Retrieved March 17, 2025.