Beall's Inc. : Beall's Department Store, Bealls Florida, Bealls Outlet - clothing company profile on Apparel Search | ||
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With the inflation that followed World War I, prices increased and in 1918 he changed the name of the store to the V (Five) Dollar Limit. As his business grew he bought property and built a larger store a few blocks away on Manatee Avenue. During the Depression, he lost his store to the bank, but continued to operate it. In 1940 he was able to repurchase the company. In 1940, Robert Beall's son, E.R., joined the family business after graduating from the University of Florida. In 1946, after serving in the army, E.R. rejoined his father. That year they changed the name to Beall's Department Store. Robert Beall ran the original downtown store until just a few months before his death, at age 86. The old store continued to operate until 1987 when it was torn down for new construction. The proceeds from the sale of the building were used to establish the R.M. Beall, Sr. Foundation which supports youth and education. It was E.R.'s vision that began the company's expansion into the shopping centers that served the middle income retirees who were flocking to Florida. In 1956 the second store was opened in Bradenton and the third store followed in Venice, FL in 1961. In 1970, E.R.'s son, Robert M. Beall, II (Bob) joined the business after completing his military duty and earning an MBA at New York University. The three generations were active in the company until Robert, Sr. died in 1979. In 1980, when Bob Beall assumed the presidency, the chain had grown to $38 million in annual sales.
In 2011, Bealls exceeds a billion dollars in sales annually with over 535 stores and on www.beallsflorida.com. They are the destination of choice for lifestyle right and priced right apparel and home merchandise. In 2015 Bealls includes over 535 stores. In 2015 Bealls launched a new store concept called Bunulu. You can learn more about the Bunulu coastal lifestyle fashion store on our fashion blog. Learn more about Bealls Florida at the Beals Florida website and learn more about the company at the Beals corporate website. ML8611 Learn more about fashion retailers. |
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