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During the 1970s and 1980s, Service Merchandise was a leading catalog-showroom retailer. At its peak, the company achieved more than $4 billion in annual sales. As the company expanded, it began to open showrooms nationwide, mostly in the vicinity of major shopping malls, which were in vogue in the 1970s.
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.
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 ...
It helps tell the story of Service Merchandise and its legacy. From the existing article: "With only 200 catalog showrooms remaining, the stock was valued at less than one cent per share. With no profitability in sight, Service Merchandise ceased operations and shuttered all of its remaining stores by early 2002."
With a new CEO at the top, Macy’s wants to refresh its namesake brand and shutter stores that have dragged down the company’s sales. It plans to close more than a quarter of its an ...
Target Corp. is a general merchandise retailer in the United States. It offers apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as jewelry, accessories, and shoes.
[3] [4] Its first anchor stores were Sears, Service Merchandise, Filene's, Filene's Basement, and Lechmere. [3] In 1998, Lechmere was replaced by TJ Maxx. [5] In 1999, New England Development Co. sold 14 of its malls, including Square One Mall, to Simon Property Group, for $1.725 billion. [6]
Salute to Service gear sells well, said Derek Dimmer, retail store manager at the Packers Pro Shop. "I think it's the most popular asked-for line that we carry each season," he said.