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Buffums Inc

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BUSINESS
March 14, 1991 | STUART SILVERSTEIN, TIMES STAFF WRITER
Buffums, a Southern California department store chain that opened as a dry goods shop 87 years ago, announced Wednesday that it will close its doors for good at the end of May. The widely anticipated shutdown will eliminate the jobs of 1,100 full-time employees and 300 part-time workers. The company's 16 stores extend from Glendale to San Diego; its headquarters and distribution center are in Long Beach. Buffums' closing follows a long-term decline by the retailer, leading to losses of $4.
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BUSINESS
March 15, 1991 | STUART SILVERSTEIN and CHRIS WOODYARD, TIMES STAFF WRITERS
The neatly lettered signs at the entrances to the Buffums in Fashion Island here Thursday were blunt and to the point: "All Sales Final. No Returns. No Exchanges." For Buffums, there also is no future. The chain announced Wednesday that it will close its 16 Southern California department stores in late May, after 87 years in business.
BUSINESS
March 15, 1991 | STUART SILVERSTEIN, TIMES STAFF WRITER
The perfectly centered signs taped to Buffums' five display windows at the Fashion Valley mall in San Diego on Thursday were blunt and to the point. "All Sales Final. No Returns. No Exchanges." For Buffums, there also is no future. The chain announced Wednesday that it will close its 16 Southern California department stores in late May after 87 years in business.
BUSINESS
March 9, 1991 | STUART SILVERSTEIN, TIMES STAFF WRITER
Buffums, a Southern California department store chain that has struggled in recent years, said Friday that it has retained bankruptcy lawyers to review ways to "downsize." John Duncan, president and chief executive of the 87-year-old company, said no final decision has been made on Buffums' future but an announcement could come next week.
BUSINESS
October 7, 1987 | MARY ANN GALANTE, Times Staff Writer
Buffums--the 84-year-old department store chain with a dowager's image--is up for sale for a reported $40 million, sources say, following years of sluggish sales. At least four major real estate developers are said to be interested in purchasing all or part of the Long Beach-based company, according to sources familiar with the negotiations. Three of the developers are said to be interested in phasing out the chain and remarketing the space to high-volume--and perhaps discount--retailers.
BUSINESS
March 14, 1991 | STUART SILVERSTEIN, TIMES STAFF WRITER
Buffums, a Southern California department store chain that opened as a dry goods shop 87 years ago, announced Wednesday that it will close its doors for good at the end of May. The widely anticipated shutdown will eliminate the jobs of 1,100 full-time employees and 300 part-time workers. The company's 16 stores extend from Glendale to San Diego; its headquarters and distribution center are in Long Beach. Buffums' closing follows a long-term decline by the retailer, leading to losses of $4.
BUSINESS
March 9, 1991 | STUART SILVERSTEIN, TIMES STAFF WRITER
Buffums, a Southern California department store chain that has struggled in recent years, said Friday that it has retained bankruptcy lawyers to review ways to "downsize." John Duncan, president and chief executive of the 87-year-old company, said no final decision has been made on Buffums' future but an announcement could come next week.
BUSINESS
October 7, 1987 | MARY ANN GALANTE, Times Staff Writer
Buffums--the 84-year-old department store chain with a dowager's image--is up for sale for a reported $40 million, sources say, following years of sluggish sales. At least four major real estate developers are said to be interested in purchasing all or part of the Long Beach-based company, according to sources familiar with the negotiations. Three of the developers are said to be interested in phasing out the chain and remarketing the space to high-volume--and perhaps discount--retailers.
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