The story
Hammacher Schlemmer began as a hardware store specializing in hard-to-find tools in the Bowery district of New York City in 1848. Owned by proprietors Charles Tollner and Mr. R. Stern, it became one of the first national hardware stores. A few months later, Stern withdrew and Tollner continued the business until 1859, moving in 1857 to 209 Bowery. In 1859, family friend Albert Hammacher invested $5,000 in the company and the name was changed to C. Tollner and A. Hammacher.
Early in the Civil War, a severe coin shortage in New York City made it nearly impossible for retailers to make change for their customers. In response to this shortage, the United States government allowed merchants to mint their own coins, known as "rebellion tokens" or "copperheads". The store, at that point called Hammacher & Tollner, began distributing its own copper coins until the government ordered Hammacher & Tollner to cease.
During the 1860s, William Schlemmer, Tollner's nephew by marriage, gradually bought out his stake in the company. When Tollner died in 1867, 26-year-old Schlemmer entered into a partnership with Hammacher and Peter F. Taaks. As a result, the company changed its name to Hammacher & Co. William Schlemmer had been actively involved with the business since 1853, when he had moved to New York City from Germany at age twelve and worked at the storefront. After a few years, Taaks resigned. Because Schlemmer owned a greater portion of the company, the name was changed in 1883 to the present style of Hammacher Schlemmer & Co.
Hammacher Schlemmer was among the first companies to install a telephone in their store, as well as one of the original subscribers to the Bell Telephone Company Directory. Hammacher Schlemmer was also the first retailer to offer a number of products, such as the "Tourist Autokit," the pop-up toaster (1930), the electric toothbrush (1955), and the telephone answering machine (1968), in the United States.
Hammacher Schlemmer began printing and distributing a company catalog in 1881. In 1912, it printed its largest catalog to date, spanning 1,112 pages. A hardbound copy of the 1912 catalog is housed in the Smithsonian’s permanent collection. By 1926, Hammacher Schlemmer had moved uptown to a larger space at the company's present location of East 57th Street.
Hammacher resigned in 1892, leaving the whole company to Schlemmer serving as the President and Treasurer and his son William F. Schlemmer, to be named Vice President several years later.
Hammacher Schlemmer began prominently featuring new inventions in their catalog in the 1930s, beginning with the first pop-up toaster and portable radio in 1930. Other products included outdoor grills, several different types of coffee makers and rhinestone dog collars. In 1945, William F. Schlemmer died at the age of 67, leaving his wife, Else, in charge of the company. In 1948, Hammacher Schlemmer celebrated its 100-year anniversary with the introduction of the first automatic steam iron and the electric broom. Else did not have any children, and in 1952 she executed a will naming more than 100 Hammacher Schlemmer employees as beneficiaries. She died in 1955, leaving an estate worth approximately $473,000.
After more than 100 years as a family-held business, Hammacher Schlemmer was sold in 1953 to a group of investors and eventually turned over to John Gerald. In 1960, Gerald sold Hammacher Schlemmer to the Kayser-Roth Corporation. During the 1960s, Hammacher Schlemmer began selling the first Home Bowling Alley, London Taxi Cabs, and a "Nothing Box."
Read the full text
Dominic Tampone, who joined the company as a stock boy at age 15, was named President of Hammacher Schlemmer in 1962. Tampone created a wholesale division, Invento Products Corporation, as a subsidiary for invention and product development. Invento evolved into a clearinghouse for novel products, sourcing items from around the world and selling them under its own brand to retailers including Hammacher Schlemmer, Sears, and Neiman Marcus, generating annual sales of nearly $2.5 million.
Tampone held leadership position at Hammacher Schlemmer through two changes in corporate ownership—a 1975 sale to Conglomerate Gulf + Western Industries, Inc. in 1975, and a subsequent sale to John Roderick MacArthur's Bradford Exchange Ltd. Inc. in 1980. Tampone died in 1982 as Vice-President.
In 1983, J. Roderick MacArthur created the Hammacher Schlemmer Institute as an independent but affiliated branch of the company, whose purpose is to comparatively test leading products. On December 15, 1984, MacArthur died and left the company to his heirs. By 2014, they sold Hammacher Schlemmer to the company's employees.
In 1988, Hammacher Schlemmer became one of the first retailers to sell products over the Internet with CompuServe, the first major commercial online service in the United States. From 1991 to 2001, Hammacher Schlemmer offered products through SkyMall, a specialty catalog that was available in the seat back pocket of many airline until the company's bankruptcy in 2015. In 1995, America Online built Hammacher Schlemmer a store on the Internet.
By 1998, Hammacher Schlemmer launched their own website, Hammacher.com. That same year, Hammacher Schlemmer celebrated its 150th anniversary. As a tribute, Mayor Rudolph Giuliani renamed the block on 57th Street between Lexington and 3rd Avenue as Hammacher Schlemmer Way.
From Wikipedia’s article on Hammacher Schlemmer, shared under CC BY-SA 4.0.4