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Value City Department Stores was an American department store chain with 113 locations. It was founded in 1917 by Ephraim Schottenstein, a travelling salesman in central Ohio . The store was an off-price retailer that sold clothing, jewelry, and home goods below the manufacturer suggested retail price .
Founded in 1872, Montgomery Ward pioneered mail-order catalog retailing and opened its first retail store in 1926. A bankruptcy reorganization in 1999 failed to turn the chain around. Closed 2001. Still exists as a catalog/internet/mail order retailer. Siegel-Cooper Company; Chas A. Stevens (Chicago) Purchased by Hartmarx Corp. before being closed.
The same year, Sears closed its chain of catalog outlet stores, [19] leaving a space which was filled by a Macy's Close-Out store and later by JCPenney. The vacant space left by Phar-Mor was finally filled by Value City in 1995. [20]
Art Van Furniture – Founded in 1959 in Warren, MI, and operated over 300 stores and outlets in 7 states. On March 5, 2020, Art Van Furniture announced it would liquidate all of their company owned stores and file for chapter 11 bankruptcy.
It is the parent company of the retail brands American Signature Furniture and Value City Furniture, and the manufacturer brand American Signature. American Signature Furniture [ 1 ] and Value City Furniture [ 2 ] sell residential furniture manufactured by American Signature, Inc., as well as more than 30 additional manufacturers from 125 ...
On January 18, 2023, Party City filed for Chapter 11 bankruptcy, [231] and a month afterward, announced the closure of 22 stores. An additional 9 stores were added to the closing list in April as well as 4 more locations in May. [232] In September 2023, Party City exited bankruptcy with a billion reduced in debt. [233]
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