June 26, 1991 |
Carson Mall Broadway Store to Close: Its parent, Carter Hawley Hale Stores, said it will close the store at Carson Mall by September, leaving the West's largest retailer with 88 Broadway, Broadway Southwest, Emporium and Weinstocks stores. Carter Hawley Hale has filed for protection from its creditors and is reorganizing under Chapter 11 of the federal bankruptcy laws. It said it hoped to find jobs in the company for as many of the Carson store's 117 workers as possible.
CALIFORNIA | LOCAL
May 16, 1991
The Metropolitan Water District and The Broadway stores are co-sponsoring a $13-million program to distribute more than 2 million water conservation savings kits at the department store chain's 43 stores in Southern California. Lois Krieger, MWD board chairwoman, said the program will be "the biggest urban water conservation plumbing retrofit program ever in California."
February 15, 1991 |
Unless devotees of the Broadway have been hiding under a rock, they undoubtedly know that the department store's debt-laden owner has filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code. This doesn't mean that customers suddenly will be seeing padlocks on the doors or signs screaming "Lost Our Lease! Forced to Liquidate! Everything Must Go!"
February 12, 1991 |
On Feb. 24, 1896, a British-born merchant named Arthur Letts opened the Broadway Department Store in a 40-by-100-foot building at 4th Street and Broadway, then the outskirts of Los Angeles. The business made Letts so rich that he bought up a huge chunk of ranchland for $2 million and called it Holmby Hills. His son later built what is today the Playboy Mansion. During the boom years after World War II, a visionary young Broadway president, Edward W.
January 24, 1991 |
Broadway-Southern California department stores, in a major management shuffle, on Wednesday named a new chairman and announced the resignation of the chain's president. The developments come amid a series of moves by Carter Hawley Hale Stores, the Los Angeles-based owner of Broadway, to invigorate its management and reduce its debts. Robert J. Rieland will take over, effective Feb.
November 6, 1990 |
Richard F. Clayton, vice chairman and chief operating officer of the Broadway-Southern California department stores, will become chairman and chief executive of Stor Furnishings International, effective Nov. 12. Clayton, 49, will succeed Harvey G. Knell, 45, who has served as Stor's chairman and chief executive since the home furnishings chain opened in 1986.