Company Performance Metrics
Mike Kvitko: President & CEO
n 1977, with an $80 loan from his father, Rick Forman began his retail career selling t-shirts, sweat-shirts and sportswear in local flea markets on weekends.
The business expanded rapidly to become one of the biggest flea market operations and in 1981 Rick opened the first Forman Mills Clothing store in an old alleyway on Frankford Avenue in
Philadelphia. The store combined an outdoor flea market with an indoor showroom. With hard work, fair prices and quality merchandise, the first Forman Mills quickly became a major success.
In 1985 the first Forman Mills Clothing Factory Warehouse superstore opened in an old warehouse in South Philadelphia. With 16,000 square feet the product assortment expanded beyond just "tees and sweats" to include a wide array of Men's, Ladies' and Children's clothing.
From 1989 to 2007 the business grew from a single store to a chain of "Big Box" warehouse-style stores, serving communities in Philadelphia, New Jersey, Delaware, Maryland, and now Michigan and New York. From a weekend concession in a flea market to a fast-growing major retailer in the off-price apparel sector, our company has grown to multi-location, multi-state enterprise.
