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The history of shopping malls in Texas began with the oldest shopping center in the United States, Highland Park Village, which opened in 1931 in the Dallas–Fort Worth Metroplex. [1] The latter and Greater Houston area are both home to numerous regional shopping malls and shopping centers located in various areas of the city.
The chain operated high-end men's and women's clothing stores, usually located in upper-class areas and shopping centers in the southern, western, and mid-western parts of the United States, and targeted sales to customers between the ages of 30 and 50. [2] [3] [4] Originally selling only menswear, Harold's added women's apparel in 1958.
The 13% voted against the sale. During the mid- to late 1980s the company was hit particular hard when the oil revenues in the state of Texas plummeted that resulted in a downturn for the state. This forced the company to quit paying dividends thus in turn stockholders became aggressive to sell the company at bargain prices.
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