About the Company
Times Square Stores (also called TSS and TSS Seedman's) was an American department store chain based in New York City that operated from 1929 to 1989. By the late 1980s the chain operated 12 stores in New York and 6 in Puerto Rico, and an off-price ladies' apparel chain, Finders Keepers, which had 15 locations. The New York department stores ranged in size from 160,000 to 220,000 square feet (20,000 m2). During its prime it was considered Long Island's most prominent discount department store chain. The chain was founded in 1929 by George Seedman. In 1983 the company explored an initial public offering on the American Stock Exchange, but backed out in 1984 after learning investors would only pay about 66% of the company's desired price. George Seedman continued to own and run the chain until 1987, when, at the age of 90, he began looking for buyers. Price Club (later renamed Costco) announced plans to buy an 81% stake in the company for $50 million (~$115 million in 2023) in 1987. After Seedman learned of plans to convert the TSS stores to warehouse clubs, the sale did not go through, and TSS was sold to the Pritzker family of Chicago later in 1987 for the same price. Although it was a discount chain, by the 1980s its main markets were Nassau and Suffolk Counties, two of the richest in America at the time. Nine of their twelve modern-sized stores were on Long Island, two in Brooklyn on Linden Blvd and Fourth Avenue, in Queens on Farmers Blvd, and in the Metro Mall on Metropolitan Ave, and another in The Bronx. The chain began to struggle in the late 1980s and took drastic cost-cutting measures: downsizing stores and eliminating leased departments in a mistaken belief that the company could operate those departments more efficiently itself. In the early 1980s the chain attempted to stake a claim in Northern New Jersey when it leased 2 vacant, former Two Guys locations. The plan was to gauge reaction to these two large stores (150,000 sq/ft each), and then plan further expansion into New Jersey. Neither location lived up to expectations, and the two stores were first downsized to one level each and then shuttered. On December 4, 1989, the chain, which had about 2,875 employees by then, filed for bankruptcy and announced it would close its doors on December 31, 1989. Three stores remained open for liquidation until June 1990.
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Latest News on TSS, Inc.
TSS to Present at Needham and Jefferies Conferences in August 2025
GEORGETOWN, TEXAS / ACCESS Newswire / August 18, 2025 / TSS, Inc. (Nasdaq:TSSI), a data center services company that provides AI and high-performance computing infrastructure and software integration ...
TSS, Inc. Announces Closing of $58.7 Million Public Offering of Common Stock, Including Full Exercise of Over-Allotment Option
GEORGETOWN, TX / ACCESS Newswire / August 14, 2025 / TSS, Inc. (Nasdaq:TSSI) (the "Company" or "TSS"), a data center services company that provides AI and high-performance computing infrastructure and ...
TSS Inc. Reports Robust Growth Amid AI Demand
TSS ((TSSI)) has held its Q2 earnings call. Read on for the main highlights of the call. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing ...
TSS Posts Flat Y/Y Q2 Earnings, Raises Guidance on AI Growth
Shares of TSS, Inc. TSSI have declined 23.7% since reporting results for the second quarter of 2025, while the S&P 500 index ...
TSS, Inc. Reports Fourth Quarter and Fiscal 2022 Results
--TSS, Inc., a data center facilities and technology services company, reported results for its fourth quarter and fiscal year ended December 31, 2022.. Operating costs beyond one-time costs were ...
TSS, INC. ANNOUNCES DARRYLL DEWAN SUCCEEDS ANTHONY ANGELINI AS ...
TSS undertakes no obligation to update forward-looking statements to reflect future events or circumstances. Company Contact: TSS, Inc. John Penver, CFO Phone: (512) 310-1000 ...
TSS, Inc. to Host Fourth Quarter and Year-End Financial Results ...
ROUND ROCK, TX/ ACCESS Newswire/ March 20, 2025/ TSS, Inc., a leader in IT hardware and software integration for AI and high-performance computing, will report its 2024 fourth quarter and year-end ...
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TSS, Inc. reports Q4 EPS 8c vs. 2c last year - Markets Insider
Read More on TSSI: Disclaimer & Disclosure Report an Issue TSS Inc options imply 11.5% move in share price post-earnings TSSI Stock Skyrockets 5000%, But Its Growth Hinges on a Single Revenue Source ...
TSS, INC. TO REPORT THIRD QUARTER 2022 RESULTS ON MONDAY, NOVEMBER 14th ...
ROUND ROCK, Texas, Nov. 07, 2022 (GLOBE NEWSWIRE) -- TSS, Inc. (TSSI), a data center and mission critical facilities and technology services company, will report financial results for its third ...
TSS, Inc.: TSS Inc. Announces Proposed Public Offering of Common Stock
GEORGETOWN, TX / ACCESS Newswire / August 12, 2025 / TSS, Inc. (Nasdaq:TSSI) (the "Company" or "TSS") a data center services company that integrates AI and other high-performance computing infrastruct ...
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