"Among a long list of forgotten grocery stores that should still exist today is one that might be close to your heart if you lived in New York in the 1970s or earlier: Bohack. The Queens-based neighborhood grocery chain, which opened on iconic Fulton Street in Brooklyn back in 1887, was beloved for its friendly staff and store policies. But even its long-standing history and customer loyalty weren't enough to help Bohack survive the economic challenges of the 70's."
"The family shop started by German-American immigrant, H.C. Bohack, went public in 1965, years after Bohack's death in 1931, when it was sold by his family to Charles Bluedorn. While Bluedorn's business portfolio and stake in the businesses offered promise to the fate of Bohack, the two recessions and stagflation (the slow economic growth and steep costs) of the 70s had other plans for the grocery chain."
Bohack began as a family-owned neighborhood grocery founded by German-American immigrant H.C. Bohack and opened on Fulton Street in Brooklyn in 1887. The company went public in 1965 after Bohack's death and was sold by his family to Charles Bluedorn. During the 1970s the chain faced two recessions, stagflation, high interest costs, shortages of working capital, and inability to obtain sufficient credit and merchandise. In July 1974 the company filed for Chapter 11 bankruptcy citing operational losses from those financial pressures. The chain closed several locations while under bankruptcy and ceased operations in 1977, despite strong community loyalty.
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