March 14, 1991 |
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.
March 9, 1991 |
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.
October 7, 1987 |
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.