Spencer's Gifts
 |
|
| Spencer's | |
| Private | |
| Industry | Retail |
| Founded | June 19, 1947 |
| Founder | Max Spencer Adler |
| Headquarters | Egg Harbor Township, New Jersey, U.S. |
|
Number of locations
|
650 |
|
Key people
|
Steven Silverstein, CEO |
| Parent |
MCA Inc. (1967–2001) Vivendi Universal (2001–2003) ACON Investments (2007–2015) |
| Subsidiaries | Spirit Halloween |
| Website | www.spencersonline.com |
Spencer Gifts LLC, doing business as Spencer's, is a North American mall retailer with over 600 stores in the United States, Canada and Puerto Rico. Their stores specialize in novelty and gag gifts, and also sell clothing, band merchandise, sex toys, room decor, collectible figures, fashion and body jewelry, and fantasy and horror items. The company also owns and operates a seasonal retailer, Spirit Halloween.
Spencer Gifts was founded in 1947 in Easton, Pennsylvania by Max Spencer Adler as a mail-order catalog that sold an assortment of novelty merchandise. In 1960, Max's brother Harry Adler, who had been with the company since 1947, sold his shares and left.
In 1963, Spencer Gifts opened its first retail store in the Cherry Hill Mall in Cherry Hill, New Jersey, where it operates to this day.
After opening approximately 450 stores under the name Spencer Gifts, Adler merged Spencer Gifts with entertainment conglomerate MCA in 1967. In 2003, Spencer's Gifts was completely rebranded after being put under new management, and with the change become known as just Spencer's.
In 1990, Spencer Gifts closed its mail-order catalog division.
In 1993 and 1996, respectively, Spencer Gifts acquired the DAPY line of stores and opened its first GLOW! store. The DAPY and GLOW! trademarks were retired sometime before 2007.
In 1995, MCA was acquired by Seagram Company Ltd. and was renamed Universal Studios. Spencer Gifts began to operate Universal Studios stores as a subsidiary of its parent company.
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Wikipedia