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In March 2001, UPS acquired Mail Boxes Etc., [3] which was founded in 1980 as an alternative to the post office. [4] In February 2003, UPS rebranded more than 3,000 Mail Boxes Etc. locations as The UPS Store. [5] Each location is independently owned. [6]
In 1906, the adjacent M. Kutz & Co. building at 52 Whitehall was acquired. Both it and 54-56 Whitehall were torn down. Rich's closed its furniture annex and moved its dry goods to that building, until a new building could be built on the site of 52-54-56 Whitehall. [3] In April 1907 the new 'emporium' opened for business. [4]
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In 2001, United Parcel Service (UPS) acquired Mail Boxes Etc., Inc. [3] locations in the United States and Canada.On April 7, 2003, UPS began converting the 3,000 Mail Boxes Etc. locations in the United States and Canada (at the time, nearly 90% of the domestic U.S. network) to The UPS Store and started offering lower UPS direct shipping rates, with an average reduction of around 20%.
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