Sunday, February 28, 2016

What happened to Pergament Home Centers?

Pergament Home Centers was a chain of home improvement stores in the New York tri-state area, with locations in New York, New Jersey and Connecticut. Pergament began losing ground to the expanding Home Depot in the 1990s, which led to the company focusing its business in New York City and closing other locations. This strategy was not enough as Pergament Home Centers would close completely in 2001 and its inventory was liquidated.

Despite closing its stores, Pergament owned the land its stores were located on, and therefore were able to rebrand itself as a real estate business. The company, Pergament Properties, still operates today and works in the acquisition, development and ownership of retail shopping centers and commercial properties in 5 states.