Two Guys From Harrison was operating, through subsidiaries, 16 discount stores--14 of them in northern New Jersey--when it went public as Two Guys from Harrison, Inc. Incorporated in 1941, Sutton was in 1954 manufacturing Vornado electric fans and room air conditions, fuel tanks for the Air Force, and air conditioners under the Westinghouse, Hotpoint, and Kelvinator trade names in Wichita, Kansas.in 1957, offering one-fourth of its common stock at a share. Auto air conditioners and dehumidifiers were later added to its products.Address: Park 80 West, Plaza II Saddle Brook, New Jersey 07663 U. Employees: 72 Sales: 6.9 million (1996) Stock Exchanges: New York SICs: 6512 Operators of Nonresidential Buildings Company History: Vornado Realty Trust is a real-estate investment trust (REIT) that owns, leases, develops, and manages real-estate properties, primarily in the Northeast and Mid-Atlantic states. Telephone: (201) 587-1000 Fax: (201) 587-0600 Statistics: Public Company Incorporated: 1936 as Windsor-Fifth Ave., Inc.
and also owned a bakery and a dairy-products company.
Sales grew from .8 million in fiscal 1952 (the year ended August 31, 1952) to million in fiscal 1957.
Net income rose from 2,723 to 6,675 over this period.
When managers from the East took over, they eliminated established California brands in favor of Vornado's own private labels, which were unknown out West.
Unimart had a huge inventory of unsalable merchandise. In fiscal 1972 the Vornado empire enjoyed record sales of 7.1 million and record net income of .1 million.
In the 1990s Roth positioned Vornado to become a major developer of commercial real estate in midtown Manhattan.