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The first operational store on the site was a 173,000-square-foot (16,100 m 2) Sears department store, which opened for business on October 30, 1963. [2] The mall was first announced in 1971 by developer Leonard L. Farber, who also developed Pompano Square (now Pompano Citi Centre) in Pompano Beach, Florida.
In 1957, the second Bealls Department store was opened in Bradenton's Westgate Shopping Center and a third store followed in 1961 at the Venice Shopping Center in Venice, Florida. E.R. developed the new chain while his father ran the original downtown store until just prior to his death in 1979.
An outlet store, factory outlet or factory store is a brick and mortar or online store where manufacturers sell their merchandise directly to the public. Products at outlet stores are usually sold at reduced prices compared to regular stores due to being overstock , closeout , returned , factory seconds , or lower-quality versions manufactured ...
[5] [6] The mall's owners, Hollytor Properties, filed for Chapter 11 bankruptcy in 1993, and the mall was sold to State Mutual Life Insurance for $4.7 million. [7] [8] By 1994, the mall had been closed. [9] In 1996, the mall was considered as the site for a new The Home Depot store, however these plans never came to fruition. [10]
The store was launched by 29-year-old Neil Moldenhauer and was financed by a $10,000 loan. [ 4 ] In 1963, Neil's Factory Shoe Outlet hired a college student named Brian Cook as a stock boy, a man who later rose up the company ladder to become president of Famous Footwear in 1979. [ 5 ]
In 1979, Volume Shoe was acquired by The May Department Stores Company. [11] Payless bought Picway Shoes from the Kobacker department store chain in 1994. [12] In 1996, May spun off Payless to shareholders, making it once again an independent, publicly traded firm. Payless acquired the mid-priced shoe chain Parade of Shoes from J. Baker, Inc ...