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The Elder-Beerman Stores Corp., commonly known as Elder-Beerman, was an American chain of department stores founded in 1883 and whose last stores closed in 2018. The chain, based primarily in the Midwestern United States , was composed of 31 stores in eight states at the time of its liquidation in 2018, [ 2 ] and peaked around 2003 with 68 ...
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Macy sold the former Lasalle's stores to Elder-Beerman of Dayton in 1985. [371] Lazarus , a founding division of Federated Stores, name change briefly to Lazarus-Macy's and then Macy's in 2005. [385] Leader Store , converted to Elder-Beerman, still operating as of 2009 [386] The Lion Dry Goods Co. (Toledo), known locally as the Lion Store.
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Following an attempt to convert to a privately held company, Elder-Beerman was offered more cash for its outstanding stock as part of the buyout. [ 5 ] On November 25, 2003, Bon-Ton reported a net loss in the third quarter of $1.7 million, or $0.11 per share, including an asset impairment charge of $0.10 per share.
Bon-Ton converted Elder-Beerman stores in Indiana and Michigan to the newly shortened Carson's name in 2011 and 2012. [ 9 ] [ 10 ] The chain expanded into Metro Detroit in 2013 with the conversion of three Parisian stores.
Flaherty & Collins has proposed building a 150-unit apartment complex on the site.