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In May 1985, Service Merchandise acquired the H. J. Wilson Co. for approximately $200 million. Raymond Zimmerman, the CEO, was attracted to Wilson's stores to gain a stronger foothold in the Sun Belt states. [3] [4] Several of these Wilson's locations included an off-priced apparel department of about 15,000 square feet (1,400 m 2).
GNC closed over 900 stores in 2019, including between 300 and 400 of the chain's 800 shopping mall locations, which have been particularly hard-hit by declining foot traffic at malls overall. [ 140 ] Godiva Chocolatier closed all of its North American retail locations in 2021 after the chocolate company faced a decrease in sales and foot traffic.
Ellman's – acquired by Service Merchandise in 1985 [39] [40] H. J. Wilson Co. – Southern states, based in Baton Rouge, Louisiana; acquired by Service Merchandise in 1986 [39] [40] K's Merchandise Mart – liquidated in 2006; Luria's – originally L. Luria & Son, was a chain of catalog showroom stores in Florida, from 1961 to 1997.
The chain operated over 2,000 stores worldwide. Stores included lunch counters and fountain service as well as full department stores. It also operated Jupiter stores which were a smaller-scale version of Kresge's and located in downmarket or declining commercial districts (the equivalent of a "dollar store" division of Kresge's). Jupiter ...
Saunders’ stats show that department stores have fallen from 14.1% of US retail sales in 1993 to just 9.8% ten years later, to 5.7% in 2013, and to only 2.6% last year.
A small food court was located near the south side of the mall, located near the long corridor leading to Service Merchandise and Burlington Coat Factory. The food court contained many small local restaurants, but also included a Schoop's Hamburgers and a Subway. The mall at one time housed R-Way, a drug store located on the north side, just ...
Retail theft has become a priority for California leaders in recent years. In September, Gov. Gavin Newsom sent $267 million to cities and counties to increase arrests and prosecutions of ...
Retailers have been coaxing cautious U.S. shoppers on Cyber Monday -- traditionally America's biggest internet shopping day -- with push notifications, emails and other ads touting heavily ...