digplanet beta 1: Athena
Share digplanet:

Agriculture

Applied sciences

Arts

Belief

Business

Chronology

Culture

Education

Environment

Geography

Health

History

Humanities

Language

Law

Life

Mathematics

Nature

People

Politics

Science

Society

Technology

Fretter
Electronics & Appliance retailer
Fate Bankrupt
Founded 1950s
Defunct May 1996
Headquarters Detroit, Michigan
Key people
Oliver Fretter, founder
Slogan The competition knows me, you should, too.

Fretter was an electronics and major appliance retailer based out of Detroit, Michigan, founded in the 1950s by Oliver "Ollie" Fretter.

Fretter's first store was located on Telegraph Road just north of Interstate 96 in the city of Redford, Michigan, and the main warehouse, warehouse store and company headquarters, was on Schoolcraft Road (I-96 service drive) in Livonia. Fretter expanded his operations throughout the midwest and New England by the 1970s.

The company's founder and spokesman, Ollie Fretter, became known in the Detroit area in the 1970s and 1980s by humorous TV commercials in which he promised, "I’ll give you five pounds of coffee if I can't beat your best deal. The competition knows me. You should too!" (When occasionally he had to make good on the whimsical offer, Fretter gave away one-pound cans of coffee that had been relabeled "net weight — 5 pounds".[1])

In 1992, Fretter acquired their biggest competition of the time Silo Electronics, a company that had previously not turned a profit since the 1980s. This was an attempt by Fretter to compete with its new major competition, electronic superstores Circuit City and Best Buy, which were much larger than Fretter's stores. This move would lead the company into serious debt and Chapter 11 bankruptcy, forcing the chain to close many locations by 1993. All Silo Electronics stores were closed by 1995, with all Fretter locations closing by May 1996.[2][3][4][5]

Oliver Fretter died on June 29, 2014 at the age of 91.

References[edit]

  1. ^ Reindl, J.C. (July 1, 2014). "Ollie Fretter, colorful founder of Fretter Appliances, dead at 91". Detroit Free Press. Retrieved January 6, 2015. 
  2. ^ Lisa Holton (December 17, 1991). "Not always better to shop at Fretter's: Ward's suit". Chicago Sun-Times. Montgomery Ward slapped Fretter Inc. with a federal lawsuit Monday, alleging that the Detroit-based electronics superstore made false claims in a recent TV ad saying Fretter's prices were better than Ward's. 
  3. ^ Jerry Ackerman (November 10, 1995). "Fretter closes all NE stores, retail promises to honor warranties, refund deposits". The Boston Globe. With its brand appeal apparently waning and new competition on the horizon, Fretter Superstores yesterday quit New England, closing its 15 electronics outlets in Massachusetts and New Hampshire and directing queries to a toll-free 800 number. Although doors were locked and telephones went unanswered at local stores, Fretter Inc., based in Livonia, Michigan, told state officials that consumers have made deposits on merchandise or have warranty claims would be protected. 
  4. ^ Matt Roush (December 2, 1996). "How Fretter fell.". Crain's Detroit Business. 'Whole bunch of things' led to demise of appliance icon. Don't feel sorry for Ollie. It is true that the collapse of Fretter Inc. cost founder Oliver Fretter millions of dollars in paper profits, as he watched his remaining 3.5 million-share, 33 percent stake in the company decline to virtual worthlessness. But between the company's 1986 initial public offering and its 1993 combination with the Silo chain, owned by British electronics giant Dixons plc, Ollie Fretter already had cashed out of the company twice, putting about $35 million in his pockets. 
  5. ^ "Home Electronics, Appliance Chain Fretter Inc. Considers Bankruptcy". AP News, September 27, 1995.



Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Fretter — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
9997 videos foundNext > 

Funkengarde Fretter 2014 - Herrensitzung Cobbenrode

Funkengarde Fretter 2014 - Herrensitzung Cobbenrode.

Schützenfest Fretter 2009

Ohne Worte!

Prinzengarde Fretter 2014 - 55.Prunksitzung Cobbenroder Carneval Verein CCV e.V.

Prinzengarde Fretter 2014 mit Ihrem Gardetanz anlässlich der 55.Prunksitzung Cobbenroder Carneval Verein CCV e.V..

Elite League Department of Player Safety - Sheffield Steelers #67 Fretter - Boarding

Elite League Department of Player Safety. Hull Stingrays v Sheffield Steelers 12/10/14 - Sheffield Steelers #67 Colton Fretter - Boarding - 1 Game Suspension.

Fretter Appliance 1979 TV commercial

A 1979 television ad from Detroit that dares you to try to better Fretter!

Gruß aus dem Cold Water in Fretter nach Oberhundem - Meggener Knappenkapelle 1883 e.V.

The Fiddle Fretter at ASTA 2013

Testing the Fiddle Fretter at the ASTA 2013 conference in Boston. MA http://www.frettedfiddle.com/

Long train spotting à Agen ! (TGV, Téoz, FRET, TER...) 4

Du classique (mais de la diversité !) en gare Agenaise ... PS: merci beaucoup pour les 100 000 vues atteintes récemment sur ma chaîne !!

Retro Fretter Electronics Commercial 1980's

Fretter Electronics Electronics Commercial.

Ollie Fretter outtake

Ollie Fretter outtake.

9997 videos foundNext > 

5315 news items

 
Derwesten.de
Thu, 26 Feb 2015 15:24:32 -0800

Vorsitzende des SV Fretter, Marko Sasse, zur Mitgliederversammlung des SV Fretter begrüßen. Bei den Wahlen wurde Marko Sasse für zwei weitere Jahre im Amt bestätigt. Nach langer erfolgreicher Tätigkeit beendete Jörg Vogelheim seine Tätigkeit als ...

The Star

The Star
Tue, 24 Feb 2015 14:59:22 -0800

... worked and Ben O'Connor scored Steelers' fourth...with Gospel, a product of the Lace City's junior system, named on the assists. Mosey got another for Panthers, matched by Rob Dowd at the other end. It was crazy, run and gun hockey. Fretter then ...

Derwesten.de

Derwesten.de
Mon, 16 Feb 2015 07:47:20 -0800

unter diesem Motto hatte der SV Fretter in die Schützenhalle geladen. Vor einer prächtigen Burgkulisse marschierten die Garden, der Elferrat und das Prinzenkomitee mit dem scheidenden Prinz Peter I. vom Orde auf die Bühne. Nur eine fehlte: Moderatorin ...

WDIV Detroit

Detroit Free Press
Tue, 01 Jul 2014 07:49:58 -0700

Oliver L. (Ollie) Fretter, the colorful founder and president of the old Fretter appliance and electronics store chain whose zany commercials endeared him to a generation of local television viewers, died Sunday at his home in Bloomfield Hills. He was 91.
 
Palm Beach Daily News
Thu, 26 Feb 2015 19:00:00 -0800

It received its Birthday Cake Castle nickname when former owner Upton Close gave the home to his wife, Margaret Fretter Nye, as a birthday present in 1954. With slender candle-like pillars, plaster swirls that resemble icing and graceful curves, it ...
 
The Only Colors
Wed, 25 Feb 2015 12:26:15 -0800

Colton Fretter (2002-2006) has spent this season playing for the Sheffield Steelers (Elite Ice Hockey League, a.k.a the Great Britain League) and has 54 points in 51 games, good enough for 14th in the league. Fretter has played overseas since 2010 ...

The Star

The Star
Sun, 22 Feb 2015 14:54:57 -0800

Steelers struck the first blow at 06.22 when Fretter beat Carsen Chubak as Sheffield penetrated space left by a Belfast line change. An unmarked Michael Forney doubled the lead after 10 minutes, tapping in one the back post. And while Craig Peacock got ...
 
Derwesten.de
Wed, 18 Feb 2015 15:15:00 -0800

April, um 18 Uhr im Rahmen einer Andacht in der Pfarrkirche St. Matthias in Fretter stattfinden. Einzelheiten zum Ablauf und zu den beteiligten Personen und Gruppen befinden sich noch in Planung. Alle Bewohner des Gemeindegebietes werden schon jetzt ...
Loading

Oops, we seem to be having trouble contacting Twitter

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!

Searchlight Group

Digplanet also receives support from Searchlight Group. Visit Searchlight