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Hills Department Stores Inc

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BUSINESS
February 4, 1991 | From Times Wire Services
Hills Department Stores Inc., one of the nation's largest discount store chains, filed for bankruptcy court protection today, saying it was unable to devise a plan to resolve its debt. The announcement came a month after Hills said it would close 28 of its 214 stores as part of a restructuring that would cost the company $125 million.
BUSINESS
November 18, 1998 | Bloomberg News
Kmart Corp. named Michael Bozic vice chairman and chief administrative officer, effective Dec. 7, to oversee finance, merchandising systems and inventory, and contend for the chairman's job when Floyd Hall retires. Bozic, 57, comes to the No. 2 U.S. discount retailer from Levitz Furniture Corp., where he is chairman and chief executive. Previously, he led the restructuring of Hills Department Stores Inc. and was head of the merchandise group at Sears, Roebuck & Co., where he worked for 28 years.
BUSINESS
January 3, 1991 | From Associated Press
Toys R Us Inc. reported Wednesday that its Christmas sales fell from year-earlier levels--a sign that even toy stores fell victim to hard economic times this holiday season. The nation's largest specialty toy retailer attributed its trying season to the same problems that afflicted other store owners--a drop in consumer confidence, the weakening economy and the Persian Gulf crisis--but securities analysts said price-cutting also took a toll on sales.
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