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BUSINESS
November 10, 1992
Retailers do wellThree national retailers reported fiscal third-quarter results yesterday that offered support for Wall Street's contention that consumers are beginning to open their wallets in time for the holiday selling season.Dillard Department Stores Inc. reported a double-digit gain in net income. Although May Department Stores Co. posted a loss, its operating earnings also grew by double digits. And Ann Taylor Stores Corp., which had struggled for two years to turn around its weak specialty store business, posted an 18 percent increase in net.MCI goes wirelessMCI Communications Corp.
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BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,Sun Staff Writer | August 30, 1995
Beginning at 8 a.m. Friday, Woodward & Lothrop department stores will open their doors for a fire sale of $200 million worth of merchandise.The grand old name in retailing -- "Woodies" to customers -- closed yesterday to take stock of inventory and will reopen in Columbia, White Marsh, Annapolis and elsewhere to liquidate all of its merchandise.Expectations for a deluge of shoppers are so high that the department stores are temporarily adding 200-300 employees.The closing sale -- with 10 percent to 30 percent markdowns -- will last for up to 90 days, but it is more likely to take less than 60 days, according to Gordon Brothers Partners Inc., the Boston-based firm handling the liquidation of the 115-year-old department store chain based in Alexandria, Va."
BUSINESS
Lorraine Mirabella | May 20, 2013
  Shoe and apparel retailer Johnston & Murphy has opened in Towson Town Center in Towson. The new 1,842-square-foot store, which opened Friday, is located on the mall's second level in the Crate & Barrel wing, mall officials said. The Towson store, the sixth in Maryland, sells business, leisure and loungewear apparel for men and women. Johnston & Murphy started in 1850 as a men's retailer but introduced a line of women's shoes, clothing and accessories five years ago. UPDATE: Another new location for Johnston & Murphy is a kiosk on concourse A/B at Baltimore/Washington International Thurgood Marshall Airport, where the retailer also has a full-sized store on concourse D. The 165-square-foot kiosk opened about a week ago, said a spokeswoman for Airmall USA, the airport's retail manager.
BUSINESS
By BLOOMBERG NEWS | May 23, 1998
ST. LOUIS -- May Department Stores Co., parent of Hecht's, Lord & Taylor and others, said yesterday that it plans to invest $3.6 billion over five years in its department stores.By 2002, May will add 100 new department stores to its existing base of 370 stores, remodel or expand 100 stores and invest $350 million in new technology to improve service, Chief Executive Gene Kahn said in a statement to the company's annual meeting.May Department Stores, which had $12.4 billion in sales for the year that ended January 1998, plans to invest $725 million this year to open 19 new stores and expand seven stores, adding 2.9 million square feet of retail space by the end of the year, the retailer said.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | February 6, 1998
Mild weather and deep discounts on end-of-year merchandise lured consumers into the nation's stores in January, where shoppers gave retail sales a healthy boost and helped pull apparel sales out of a slump.After a disappointing Christmas, apparel retailers saw monthly sales climb into the 10 percent range."Apparel has been weak up to this point, and there was no reason for apparel to show any strength, but merchants slashed prices and consumers came out of the woodwork," said Kenneth Gassman, a retail analyst with Davenport & Co. in Richmond, Va.The trend toward shopping either upscale or at mass discounters continued as well, while department stores took a hit with only marginal sales increases.
BUSINESS
By ANDREA K. WALKER and ANDREA K. WALKER,SUN REPORTER | February 2, 2006
After nearly 150 years as a fixture in the local retail market, the Hecht Co. has begun the process of shutting its doors forever. The department store chain, which grew from a Baltimore furniture store started by Samuel Hecht in 1857, began major clearance sales at its stores this week. The sales are designed to clear out the stores so they can be converted to the Macy's nameplate by mid-April. The conversions are part of a plan by Federated Department Stores Inc., which acquired May Department Stores Inc. last year, to create a nationally recognized department store chain.
BUSINESS
By Jay Hancock and Jay Hancock,Sun Staff Writer | March 26, 1995
The names Woodward and Lothrop have graced dry goods emporiums for more than 100 years. Whether they will continue to do so is uncertain.Woodward & Lothrop Holdings is on the bidding block. As a result of its continuing bankruptcy process, the Alexandria, Va.-based department store chain is considering buyout proposals or other offers from outside investors.Chairman and CEO Robert B. Mang said last week that Woodies has received "viable interest" from four potential partners. Some are other retailers, he said.
BUSINESS
By Michael Dresser | January 16, 1992
Ames Department Stores, mired in Chapter 11 for almost two years, will close four Baltimore-area stores as part of its efforts to emerge from bankruptcy court protection and compete with the Wal-Marts and K marts of the world.Approximately 300 people will lose their jobs, said Ames' public relations manager, Bill Roberts.The closings, which will leave 36 stores in Maryland, were announced yesterday in advertisements for "total liquidation" sales at 5401 Baltimore National Pike and 2501 Belair Road in Baltimore; 8514 Liberty Road in Randallstown; and 7 Mountain Road in Glen Burnie.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | March 9, 2001
Retail sales grew at an expected slow pace in February, as U.S. consumers continued tightening spending amid a weakening economy. Sales at the nation's biggest chain stores rose, on average, 2.8 percent for the month, when retailers typically clear out winter merchandise, a Bank of Tokyo-Mitsubishi index showed. The gain fell short of a much healthier increase of 6 percent in February 1999, before consumer confidence began to ebb because of higher fuel costs and a plunging stock market.
BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,Sun Staff Writer | June 22, 1995
After 115 years in business, Woodward & Lothrop Inc. agreed yesterday to be bought by a group led by Federated Department Stores Inc., the giant retailer that swallowed R. H. Macy & Co. in December.Woodies, which has operated under Chapter 11 bankruptcy protection since January 1994, said the deal includes the purchase of most of its assets, including at least 11 Woodies stores and the flagship John Wanamaker store in downtown Philadelphia.Woodward & Lothrop said the deal, including the liquidation of assets not purchased by Federated, would generate a projected $640 million.
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