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Business Closings

CALIFORNIA | LOCAL
October 8, 1998 | BOB POOL, TIMES STAFF WRITER
Like a marinara sauce spooned over pasta, the word spread slowly Wednesday through the noontime lunch crowd filling the cozy banquettes and tables at Little Joe's. After 101 years of helping feed Los Angeles, the famed Italian restaurant in the middle of Chinatown announced that it is closing. "This is awful, just awful," moaned Neil Olsen, who has dined at Little Joe's since 1936--when he was a 5-year-old who regularly accompanied his parents for spaghetti dinners.
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BUSINESS
September 17, 1991 | SUSAN CHRISTIAN, TIMES STAFF WRITER
Silverwoods, a Southern California retailing institution for 70 years, will close its 18 stores early next year because of slumping sales, its parent company said Monday. The stores--which feature tailored men's and women's business apparel--will be shut down soon after the Christmas season, said General Manager Bruce Amster. The chain's 250 employees will be laid off or relocated. Headquartered in Santa Ana, Silverwoods is a division of Hartmarx Specialty Stores Inc.
BUSINESS
June 27, 1992 | GEORGE WHITE, TIMES STAFF WRITER
When Hinshaw's opened its doors Friday, the Arcadia retailer promoted its bargains with placards that have become signs of the times for more and more privately owned department stores--"Going Out of Business Sale." Large crowds milled in the aisles hunting for bargains. Long lines stretched from the cash registers. And the store's renowned service was slowed by the crush of shoppers, said Alvira Yates, a Hinshaw's devotee who will miss the local landmark.
CALIFORNIA | LOCAL
November 1, 1999 | KATIE COOPER, SPECIAL TO THE TIMES
Ventura County's most famous piece of the Disney empire was far from the happiest place on Earth on Sunday, as parents and kids came for one final visit to Club Disney. On the last day of operations for the upscale children's entertainment center, parents lamented the loss of this community clubhouse, where their kids could climb an enormous jungle gym, play computer games and dress in Disney-themed costumes.
BUSINESS
May 8, 1991 | ANNE MICHAUD, SPECIAL TO THE TIMES
Schafer Bros. furniture was just another small manufacturer that couldn't make it through the hard times. In January of last year, the 52-year-old Orange County company--victim to higher overhead and lower sales--closed its doors. Two months later, on the night before the company's equipment was sold at auction, former salesperson Janette Fling walked through the huge, quiet warehouse, looking at the rolls of leather and woodworking equipment tagged for sale.
BUSINESS
July 7, 2001 | From Reuters
AOL Time Warner Inc. is gearing up to close its U.S.-based Warner Bros. Studio Stores by the end of October, shedding 3,800 jobs, after failing to find a buyer for the languishing chain, a company spokeswoman said Friday. "We're in a wind-down process," the spokeswoman said. "Management decided to get out of the owned and operated retail business." In January, after completing the $106.2-billion deal combining America Online and Time Warner Inc.
BUSINESS
June 27, 1997 | E. SCOTT RECKARD, TIMES STAFF WRITER
State regulators moved Thursday to shut down a mortgage lender that is trying to sell $100 million in stock, saying it had overcharged borrowers by at least $1.5 million. The state Department of Corporations filed a lawsuit in Orange County Superior Court charging that Irvine-based Preferred Credit Corp. defrauded up to 10,000 borrowers, falsified loan documents to cover its tracks and lied about its officers' titles and stock ownership in filings to regulators.
BUSINESS
January 26, 1993 | JAMES F. PELTZ, TIMES STAFF WRITER
Builders Discount Inc., a North Hollywood-based operator of building-supplies stores that once had four outlets, is now running just one store as it continues reorganizing in federal Bankruptcy Court. Even before it filed under Chapter 11 of the bankruptcy laws in late October, Builders Discount had closed its stores in Chatsworth and Simi Valley, said Paul A. Beck, a lawyer representing the company.
BUSINESS
February 24, 1999 | JESUS SANCHEZ, commercial real estate reporter
In the days of junk bond kings and yellow power ties, Stepps restaurant in downtown Los Angeles reigned supreme as the place where young professionals exchanged business cards and glances while sipping Coronas topped with lime wedges. But the yuppies of tomorrow will have to find another watering hole. After nearly 15 years atop Bunker Hill, Stepps will shut down on March 28.
CALIFORNIA | LOCAL
November 19, 1993 | LARRY GORDON, TIMES STAFF WRITER
It's not just that the Nickodell Restaurant is one of the last martini and club steak joints left in a town of bottled water and tuna tacos. It's not just that the Melrose Avenue eatery has been a hangout for Paramount Pictures actors and technicians since the 1920s. It's not just that Nickodell's towering neon sign flashes a cozy welcome in white, blue and yellow over an increasingly drab strip.
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