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Hills Department Store Sign outside former Hermitage, Tennessee location. Hills filed for bankruptcy protection in February 1991, and the number of stores declined, from 214 to about 150. [ 6 ] Hills' financial woes dated back to its 1985 leveraged buyout from the Shoe Corporation of America which saddled it with debt.
Hills leased 35 Gold Circle stores in Ohio, New York, and Kentucky and immediately converted them into Hills stores following the liquidation sales, reopening early in 1989. Some of the Gold Circle stores became Hills Department Stores or Target , while Springfield and Elyria, Ohio , became Kmart . [ 2 ]
Timeline of former nameplates merging into Macy's. Many United States department store chains and local department stores, some with long and proud histories, went out of business or lost their identities between 1986 and 2006 as the result of a complex series of corporate mergers and acquisitions that involved Federated Department Stores and The May Department Stores Company with many stores ...
For a time, the 32-story building was the world's tallest department store, with more than 200 departments. Fate: Chain absorbed by Marshall Field's in 2001, then Macy's in 2006; flagship store ...
Take department stores, for instance. A quick scan of any list of defunct department-store chains reveals that it's a business that doesn't take kindly to mistakes — or even just plain old bad luck.
In today's edition, analysts Austin Smith and Brendan Byrnes look at whether department stores are dead. There are some scary statistics out there about declining department-store sales, but many ...
Its structure and product lines were similar to its competitors Fisher's Big Wheel, Hills Department Stores, G.C. Murphy's Mart, Tempo and Buckeye Mart Stores and Walmart. Part of Heck's expansion into the Midwest came after acquiring a smaller discounter, T-Way Stores (Tradeway) of Indianapolis. [2]
The brand's stores and e-commerce site disappeared in 2010. Merry-Go-Round – Merry-Go-Round had more than 500 locations during its heyday in the 1980s. It went bankrupt in 1995. [65] Mervyn's – a California-based regional department store founded in 1949. Mervyn's ill-fated expansion out of West Coast markets in the months before a ...