Gump’s is a department store in San Francisco. At this time it is closed but it is scheduled to be reopened in the fall of this year. It was started in the 1800’s by two brothers named Solomon and Gustave Gump. Gump’s originally started out as a mirror & frame shop, but the frames were filled with art after the California Gold Rush.
After a huge earthquake in 1906 the store that was originally there burned down so the Gump family moved it to Union Square where it stayed open until 2018. The retailer was known for selling furniture, home decor, jewelry, and much more. Gump’s is also known for President Franklin D Roosevelt buying ship models in the store.
A man named John Chachas who has who worked as a banker had a huge interest in the Gump store. As a young boy he could remember his parents shopping at Gump’s for Christmas. What drew his attention to the store so much with an eight foot tall Buddha statue that stood right in the center of the store. Now, years later at the age of 50 when he heard that Gump’s was being sold he put a huge investment on it. He wanted to make sure that the Buddha would stay put in the middle of the store. Go To This Page for additional information.
It did not take long before the Gump store filed bankruptcy and had a huge liquidation sale. Chachas went and got his Buddha and decided to replace it with a 3D replica. It was around Christmas time when he took the 3D replica to place it inside the store but they were already closed, so he decided to offer it up for sale in Hong Kong. He ended up selling the Buddha for four million dollars.
Gumps became a pretty big deal because they were a store that was around for so long. They had a huge impact on the life of John Chachas. John Chachas has invested a lot into the store and upon them closing he gained a lot from the Buddha. John Chachas is going to be there to support the new Gump store that is going to be opening in the next few months. He hopes that they will become very successful.
They have stated plans to open both digital and physical stores in time for the 2019 Christmas season. The new Gumps website, which retains the company’s former logo, also promises a re-opening in the fall of 2019. The web site also offers email signup and links to Instagram and Twitter pages. The location for the new Gumps brick-and-mortar store has not yet been released.
Follow Gumps on Instagram, @gumpssf.