Abt Electronics
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Abt Electronics
Abt Electronics
Private
IndustryRetailing
Founded1936
FounderDavid Abt
Jewel Abt
HeadquartersGlenview, Cook County, Illinois, U.S.
Key people
Mike Abt (Co-President)
Jon Abt (Co-President)
ProductsConsumer Electronics
Appliances
RevenueUS$400 million (2015 est.)
Number of employees
1,443 (Feb. 2018)
WebsiteOfficial website

Abt Electronics is an independent retailer in the United States of consumer electronics, major appliances and furniture.[1] Abt operates at a single location in Glenview, Illinois, on 70 acres (280,000 m2) of land, and (since 1997) through an online retail website.[2] The store is a family-owned business that has operated in the Chicago market since 1936.

History

Abt Electronics began in 1936[3] when Jewel Abt gave $800 to her husband David to start a business.[4] The firm was originally named Abt Radio because it only sold small electronics in its early days. The original location was a small storefront and service department in the Logan Square area of Chicago.[4] Abt Electronics expanded over the years to employ 1100 employees on a 65,000 square feet (6,000 m2) sales floor[5] in Glenview, a suburb of Chicago. By 1955, the store was strictly a showroom, with merchandise kept at a separate warehouse.

  • 1936 - Jewel and Dave Abt opened Abt Radio with $800, located at 2835 N. Milwaukee, Chicago. Abt Radio had a small service department. The store sold small electronics[6]
  • 1953 - Bob Abt (former CEO; died July 23, 2015) began working at Abt Radio part-time and over summers.
  • 1955 - Moved to Logan Square Location at 2858 N. Milwaukee Ave., Chicago. Merchandise was kept off-site at the Hollander warehouse. One van made all the deliveries.
  • 1971 - The Abt Family opened a store in Niles, Illinois and kept both locations open for 6 years.
  • 1975 - The Abt fleet grew from one van to four 16' trucks.
  • 1977 - The Logan Square location closed.
  • 1985 - Fire at Abt, the only time that Abt was closed when it was scheduled to be open.
  • 1986 - Abt expanded the Niles location, doubling in size from 12,000 to 24,000 square feet (2,200 m2).
  • 1990 - The Niles store closed on December 9 at 9 p.m.
  • 1990 - Abt's fourth location, in Morton Grove, Illinois, opened for business at 9 a.m., December 10.
  • 1990 - Recycling program begins.
  • 1997 - Abt completed an Addition to its Morton Grove doubling its size.
  • 1997 - Abt.com was launched and Abt became an authorized on-line retailer for brands like Sony, Panasonic, Toshiba, Bose, and Onkyo.
  • 2002 - May 26 Abt's fifth location, in Glenview, Illinois, opened for business.
  • 2005 - May 25, The City of Chicago dedicated the corner of Wolfram and Milwaukee Ave. to Jewel and David Abt. The new corner is called Jewel and David Abt Way.
  • 2007 - June through September Abt took part in the City of Chicago's Cool Globes program, encouraging people to take action against Global Warming.
  • 2008 - Jewel and David Abt are inducted into the 2008 Consumer Electronics Hall of Fame.
  • 2008 - In June Abt opens the Design Center
  • 2008 - In Oct the 10,000-square-foot (930 m2) recycling center opens
  • 2008 - Abt won the "Partners for Clean Air" award.
  • 2008 - Abt chosen as the Chicago Tribune's Top Workplace in Chicago.
  • 2009 - Abt's Mobile Installation department was voted one of the top 100 best retailers and installers from Mobile Electronics Inc.
  • 2010 - Chosen as the 2010 Dealer of the Year by Control4; a premier home automation company.
  • 2010 - Voted in the top 10 of Chicago Tribune's "Top Chicago Workplaces" for the best place to work in the Chicago area.[7]
  • 2011 - Voted the #1 place to work in Chicago Tribune's "Top Chicago Workplaces"[8]
  • 2012 - Voted the #1 place to work in Chicago Tribune's "Top Chicago Workplaces"[9]
  • 2013 - Voted the #20 place to work for nationwide by WorkplaceDynamics[10]
  • 2016 - Voted the #1 place to work in Chicago Tribune's "Top Chicago Workplaces"[11]
  • 2016 - Received the Better Business Bureau Torch Award for Marketplace Ethics [12]
  • 2017 - Voted the #3 place to work in Chicago Tribune's "Top Chicago Workplaces" [13]

Environmental practices

In 2006 the company built a recycling center which collects the company's used cardboard, plastic and plastic-foam packaging and prepares it to be sold for recycling.[14][15] The recycling center processes 150 loads of Styrofoam and 200 loads of cardboard per week. Abt recycles 20,000 wood pallets and plastic bags per week. In 2008, Abt installed two small wind turbines and solar panels on the roof to help reduce energy costs at their store.[15]

References

  1. ^ Gemperlein, Joyce (9 May 2004). "Appliance Lust". The Washington Post. Retrieved .
  2. ^ Abt - Company Description, Hoovers.com; accessed July 26, 2015.
  3. ^ Springen, Karen; McGinn, Daniel (21 February 2005). "Beta-Testing Paradise". Newsweek. Retrieved .
  4. ^ a b Wolf, Alan (22 December 2003). "That Was The Year That Was: A Retail Retrospective". TWICE. Retrieved .[permanent dead link]
  5. ^ "Abt Opens Sony Shop". TWICE. 20 November 2006. Retrieved .[permanent dead link]
  6. ^ "Abt Company History". Archived from the original on April 10, 2010. Retrieved .
  7. ^ "Chicago's Top Workplaces 2010: The Winners". Chicago Tribune. 2010. Retrieved 2014.
  8. ^ "Chicago's Top Workplaces 2011: The Winners". Chicago Tribune. 2011. Retrieved 2014.
  9. ^ "Chicago's Top Workplaces 2012: The Winners". Chicago Tribune. 2012. Retrieved 2014.
  10. ^ "Top 150 National Top Workplaces 2013". Topworkplaces.com. 2013. Archived from the original on July 30, 2014. Retrieved 2014.
  11. ^ Tribune, Chicago. "Top Workplaces 2016: Search Chicago-area companies". chicagotribune.com. Retrieved .
  12. ^ "BBB Torch Award Recipients for 2017". Retrieved .
  13. ^ Husain, Nausheen. "Top Workplaces 2017: Search Chicago-area companies". chicagotribune.com. Retrieved .
  14. ^ Schwarz, Phil (20 February 2007). "Bill aims to keep electronic garbage out of landfills". WLS-TV (ABC 7). Archived from the original on 29 June 2011. Retrieved .
  15. ^ a b Brat, Ilan (24 March 2008). "The Extra Step". The Wall Street Journal. Retrieved .

External links


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

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