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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.
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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 Jamie Smith Hopkins, The Baltimore Sun | June 17, 2013
Create a fragrance that smells heroic with a touch of villainy - that's what Andrew Levine's Lutherville company set out to do. Considering the name on the bottle, it makes sense. The new Stan Lee's Signature Cologne trades on the geek popularity of a comic-book-industry icon who had a hand in creations spanning the good-evil continuum - from Spider-Man, the Avengers and the X-Men to Loki, Magneto and Doctor Doom. Lee wanted the fragrance to smell like they would smell.
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 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.
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 Alec Matthew Klein and Alec Matthew Klein,Sun Staff Writer | July 30, 1995
At 6:30 a.m., April 8, 1861, an obscure young man named John Wanamaker opened the doors to a modest clothing shop tucked in downtown Philadelphia, 94 hours before the first gunshot echo of the Civil War.More than a century later, the fabled Wanamaker name, graced on a 12-story granite and steel department store, will vanish from the retailing universe before a parade of lawyers in Room 627 of U.S. Bankruptcy Court in New York City at 10 a.m. Aug. 8.There goes...
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