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Hecht Company - Specimen Stock Certificate

Inv# SE1173   Stock
State(s): Maryland
New York

Specimen Stock printed by Columbian Bank Note Company. Hecht's, also known as Hecht Brothers, Hecht Bros. and the Hecht Company, was a large chain of department stores that operated mainly in the mid-Atlantic and southern region of the United States. The firm originated in Baltimore, Maryland.

By 2005, Hecht's had some 81 stores in 19 markets in Maryland, the District of Columbia, Virginia, North Carolina, Tennessee, Delaware, New Jersey, and Pennsylvania. Its locations in New Jersey, Delaware, and the majority of those in Pennsylvania were operated under the name of Strawbridge's. Hecht's administrative office was in Arlington, Virginia.

Hecht's was founded and was operated for over a century (1857–1959) as a family firm. It was purchased in 1959 by The May Department Stores Company which in turn, was acquired by Federated Department Stores on August 30, 2005. On February 1, 2006, Federated dissolved the former May Company divisions, and the existing Hecht's stores were divided between Macy's East and Macy's South, with stores in Delaware, the District of Columbia, Maryland, New Jersey, Pennsylvania, and Northern Virginia going to the former and stores in North Carolina, Tennessee, and the rest of Virginia (roughly much of the former Thalhimers territory) going to the latter. The replacement Hecht's store in Chevy Chase, Maryland, took the Bloomingdale's name. On September 9, 2006, the Hecht's name was phased out in favor of the nationally known Macy's. Read more at: https://en.wikipedia.org/wiki/Hecht%27s

Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.
Price: $60.00