In 1875, David Lubin, a Polish émigré via New York opened Lubin’s One Price Store in downtown Sacramento. This first store was 16 by 24 feet. A year or two later, his half-brother, Harris Weinstock, and his sister, Jeanette Levy, joined the business as it expanded from just a store to a major mail order house and the company name changed to Weinstock Lubin. Soon after, the store was expanded to 80,000 square feet with four stories. In 1875, the company was the largest mail order house on the Pacific Coast. The company grew and soon opened buying offices in New York and San Francisco. In 1888, the company was incorporated and renamed Weinstock Lubin & Co. A store in San Francisco was opened in 1897. In January, 1903, the downtown Sacramento store was destroyed by fire. A fireman was killed. Not to be stopped, the company quickly proceeded to build a new store, a building which became the biggest in Sacramento. The company targeted the value driven customer. As time continued, the retail business took over and became the majority of the business.
The company developed a culture which allowed employees to have a stake in the business. The company started a profit sharing plan which shared profits by employee level. The company also hired teachers to provide younger employees with skills in writing and mathematics.
David Lubin was impatient and wanted to do more than just run the family department store and mail order house. He let Harris Weinstock become the CEO while he engaged in agriculture. He started orchards in the Sacramento area and brought European farming methods. His knowledge of agriculture assisted him when he helped found the California Fruit Growers’ Union. He then helped settle Eastern European Jewish refugees who worked on various farms in the area and, in 1891, he became the director of the International Society for the Colonization of Russian Jews. He then began to campaign for subsidies and protection for farmers, initially in California but eventually on an international scale. His son, Simon, helped him develop a proposal for an international chamber of agriculture; in 1896, David Lubin moved to Europe to implement the proposal. In May, 1908, with the sponsorship of Italy’s King Victor Emmanuel III, the International Institute of Agriculture (the IIA) opened, in Rome. The Institute’s goals were to help farmers share knowledge, produce systematically, establish a cooperative system of rural credit, and have control over the marketing of their products. In 1906, David was permanently appointed as the U.S. delegate to IIA. (Note: The IIA was folded in 1945 and merged into the United Nations.
In 1949, Weinstock Lubin & Company was acquired by its arch rival, Hale Bros. In 1979, the new parent company Carter Hawley Hale Stores expanded Weinstock Lubin & Company (now just called Weinstock’s) into Reno, Nevada, and Salt Lake City, Utah.
In 1991, Weinstock’s was combined with the Emporium division which took over all operations including merchandising.
The downtown store in Sacramento is now an office building.
What happened??? Weinstock Lubin & Company was once a powerful retailer in Central California. It unfortunately became a part of Hale Bros which later merged with Broadway Stores and became Broadway Hale and later merged with Emporium Capwell to become Carter Hawley Hale Stores. Wall Street jokingly called the company EGO, Inc. The parent company immersed itself with debt as it went on a drive to acquire other retail chains in an effort to become the biggest retail chain in the U.S. The impact of this debt reduced the amount of capital available to maintain the stores. Macy’s became a better competitor in California and Nordstrom also entered the market along with a host of specialty retailers and big box retailers. The department store divisions of Carter Hawley Hale no longer were relevant to the customers. After Carter Hawley Hale Stores were sold to an investor group, Zell/Chilmark, the new management team made key marketing mistakes which finished off the parent company and resulted in the 1995 sale to Federated Department Stores. With the sale, all divisions, including Weinstock’s were either converted to Macy’s or sold.
I visited Weinstock Lubin & Company when I was young as I only lived 80 miles south in Modesto. Although Weinstock Lubin had an enjoyable lunch bar for kids, it was not as magnificent as the stores in San Francisco. Weinstock Lubin was a major participant in the holiday festivities and always had wonderful window displays.
I encourage you to leave your memories of this store and department store chain in the comments section below.