Goldsmith's was a department store founded in Memphis, Tennessee, in 1870 by German immigrant brothers Jacob and Isaac Goldsmith. It grew into a chain largely located in the Memphis metropolitan area, until 2005, when the nameplate was eliminated and replaced by Macy's. Goldsmith's stores were subsequently folded into Federated's Macy's Central division, reorganized into Macy's South, and today into a differently configured Macy's Central, the current division encompassing the stores.
History
In 1870, with a $500 (~$ in ) investment, the Goldsmith brothers opened a dry goods store at 163 Beale Street. The store relocated in 1895 to a larger facility at 125 Main, which it occupied through most of the 20th century. In 1952 Goldsmith's renovated its downtown location, expanding into the adjoining former Gayoso Hotel and adding a new facade. The downtown store was closed in 1993.[1]
The department store began to build suburban locations in the 1960s, beginning with its 3-story Oak Court store at Poplar and Perkins which opened in 1961. This location was expanded in the early 1970s, when a 3-story addition was constructed immediately to the west of the existing store. The upper two levels of this structure served as parking, while the bottom level was connected to the first floor of the existing store and served as additional retail space.