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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."
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BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,Sun Staff Writer | June 23, 1995
With both a Woodward & Lothrop and Macy store, White Marsh Mall could be in for a shake-up if Macy's owner follows through on plans to buy most of the Woodies chain.Federated Department Stores Inc., a Cincinnati-based chain with 354 department stores, has disclosed few details about its intentions, but says it will acquire at least 11 of Woodward & Lothrop Inc.'s 15 department stores. Three are in the Baltimore area -- Columbia, Annapolis and White Marsh.But only the Woodies in White Marsh -- with about 200 employees -- goes head to head with another Federated department store.
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
June 23, 1999
Rotorex to lay off 51 workers at its Walkersville plantFifty-one of the 107 employees at the Rotorex Corp. plant in Walkersville will be laid off July 23, and it is unclear if or when they might be rehired.Federal law requires companies to notify the state government when more than 50 workers are laid off, so the state can help with unemployment benefits. The company also has notified Frederick and Walkersville governments.Rotorex, which once employed 440 people, has employed 107 people since August, when management and labor ended a yearlong lockout.
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.
FEATURES
By Fred Rasmussen and Fred Rasmussen,SUN STAFF | January 11, 1998
Forty-three years ago, Baltimoreans were talking about the Dec. 27, 1954, closing of O'Neill & Co., the venerable downtown department store that had stood on the southwest corner of Charles and Lexington streets since 1882.It had survived the Great Fire of 1904, the coming of suburban shopping centers and competition from other department stores. only shuttered its doors after its management had been unable to negotiate new leases on its buildings.Today, there are still Baltimore homemakers who proudlyproduce at holidays and other occasions linen tablecloths and ,, napkins bought by their mothers and grandmothers at O'Neill & Co. a half-century or more ago. O'Neill's, as Baltimoreans always called the store, was known as the purveyor of the finest linen goods in the city.
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.
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