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Sixth Avenue Electronics was a Springfield … Sixth Avenue Electronics was a Springfield, New Jersey-based retail chain of consumer electronics stores, with locations in New Jersey and New York. The company was founded by Billy and Leon Temiz on Manhattan's Sixth Avenue in New York City in 1984, though following litigation in the early 2000s, the company eventually came to be owned by Billy and their youngest brother, Mike, after which the chain expanded to 19 locations. The company began to decline in the late 2000s, and following defaults on its credit, a fifty percent sale of the company to online electronics vendor Albert Houllou, and a threat of seizure by GE Capital, the company was ordered shut down by a US District Court restraining order, and placed into liquidation, pending complaints filed against it by consumers, and the recouping of money owed to its creditors. Sixth Avenue's collapse is unusual, even for a consumer electronics retail chain, despite the fact that other New Jersey-based electronics chains experienced a rise and collapse even more quickly. The Temiz brothers attributed the company's fall to the weak late 2000s economy, increased interest rates and diminished demand for televisions following the rise in popularity of the Internet, while former employees, competitors, creditors and those handling the company's liquidation attributed its collapse to poorly-timed, overly ambitious expansion, poor inventory management, and the brothers' hubris. As of July 2012, Albert Houllou owns the rights to the Sixth Avenue name and website, which launched on Amazon.com as a featured merchant. It is now known as 6Ave.eatured merchant. It is now known as 6Ave.
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Sixth Avenue Electronics was a Springfield … Sixth Avenue Electronics was a Springfield, New Jersey-based retail chain of consumer electronics stores, with locations in New Jersey and New York. The company was founded by Billy and Leon Temiz on Manhattan's Sixth Avenue in New York City in 1984, though following litigation in the early 2000s, the company eventually came to be owned by Billy and their youngest brother, Mike, after which the chain expanded to 19 locations. As of July 2012, Albert Houllou owns the rights to the Sixth Avenue name and website, which launched on Amazon.com as a featured merchant. It is now known as 6Ave.eatured merchant. It is now known as 6Ave.
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