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It was the successor to Hahn's Department Stores, a holding company founded in 1928. In 1981, Allied Stores acquired the 24-year-old retail conglomerate Garfinckel, Brooks Brothers, Miller & Rhoads, Inc. for $228 million (~$647 million in 2023). With that transaction they acquired 178 department stores and 48 specialty shops in 28 states. [1]
In 1985, Powers was acquired from Associated Dry Goods by The L.S. Donaldson Company (also of Minneapolis, a unit of Allied Stores Corp.). [48] This move converted and renamed all suburban Powers stores to Donaldson's; however the downtown Minneapolis store was instead sold to a real estate firm. [49]
In 1985, Allied Stores acquired a struggling Twin Cities rival, The Powers Dry Goods Company, from Associated Dry Goods Corp. [24] Acquiring 6 of the 7 area Powers stores (the downtown Minneapolis store was sold to a real estate firm) gave Donaldson's some breathing room against dominant rival Dayton's by increasing Donaldson's retail footprint ...
Fifth Street Store: Walker's (Los Angeles, Long Beach, San Diego), main store in downtown Los Angeles was also known as the Fifth Street Store since it was located at the corner of Fifth and Broadway, main store was founded in 1905 as Steele, Faris, Walker Co., later became Muse, Faris, Walker Co., and then finally Walker Inc. in 1924; opened ...
On Valentine's Day, Friday, February 14, 1986, Schaak Electronics abruptly closed its remaining 21 stores and let 250 employees go. Their entire inventory was purchased by the Sound of Music, precursor to Best Buy. They held a huge sale at the Minnesota State Fairgrounds on April 25, 1986, and took in about one million dollars of sales that day ...
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The store was enlarged twice at its Second and Pike location, in 1902 and 1911. [8] In 1929, The Bon Marché opened at Third and Pine. That year, the store was sold to Hahn Stores of Chicago, which was acquired by Allied Stores five years later. Both corporations continued to operate the store under its original name.
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