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John Wanamaker

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BUSINESS
By New York Times News Service | April 23, 1991
Robert B. Mang has been named president and chief operating officer of Woodward & Lothrop/John Wanamaker Inc., effective May 1.Mr. Mang, 45, who will report to Arnold H. Aronson, the company's chairman and chief executive, is currently president of Bon Marche in Seattle, a division of Campeau Corp.Woodward/Wanamaker includes 17 Woodward & Lothrop stores in the Baltimore-Washington area and 15 John Wanamaker stores in the Philadelphia area. The two chains are owned by Taubman Holdings Inc., a private investment concern controlled by A. Alfred Taubman, a leading mall developer.
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NEWS
By JACQUES KELLY | June 27, 1995
It's not hard to see why so many old-time Philadelphians are wincing at the expected loss of the name of John Wanamaker on their landmark department store.Last week came the announcement that the great JW name would disappear from the Quaker City's retailing giant at 13th and Market streets.Here in Baltimore, we have suffered similar indignity. We have lost both Hutzler Brothers and Hochschild-Kohn, to say nothing of the old Stewart's and Brager-Gutman. And that's only in the last decade or so. Howard Street, once the pride of the city, is today its shame.
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BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,Sun Staff Writer | June 24, 1995
Woodward & Lothrop Inc. finalized an agreement yesterday to sell most of its assets, including department stores in White Marsh, Annapolis and Columbia, to a group led by Federated Department Stores.Cincinnati-based Federated will acquire 10 of Woodies' 15 department stores, one of its four furniture stores in Bethesda and the lease on Woodies' 285,000-square-foot distribution center in Baltimore, which employs about 320. Also part of the purchase is the John Wanamaker flagship department store in downtown Philadelphia.
BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,Sun Staff Writer | June 24, 1995
Woodward & Lothrop Inc. finalized an agreement yesterday to sell most of its assets, including department stores in White Marsh, Annapolis and Columbia, to a group led by Federated Department Stores.Cincinnati-based Federated will acquire 10 of Woodies' 15 department stores, one of its four furniture stores in Bethesda and the lease on Woodies' 285,000-square-foot distribution center in Baltimore, which employs about 320. Also part of the purchase is the John Wanamaker flagship department store in downtown Philadelphia.
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.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | August 5, 1994
Woodward & Lothrop Inc. has agreed to move its distribution center supporting 35 department stores to the Zamoiski Co. warehouse in South Baltimore, Mayor Kurt L. Schmoke said yesterday.The deal is expected to mark a $10 million investment in the city and create at least 200 jobs.The center will consolidate facilities now located in Washington, Belmar, N.J., and at least one other location. The department store chain will lease 295,000 square feet of warehouse space for five years beginning this fall, with an option to renew for another five years.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | January 18, 1994
Woodward & Lothrop Inc., the venerable retail chain that has served Washington-area customers for 113 years, filed for Chapter 11 bankruptcy protection yesterday in an effort to work its way out from under the crushing debt it took on in the mid-1980s.Affectionately known as "Woodies," the chain suffered persistent losses over the last several years after the $230 million leveraged buyout in 1984 by Michigan real estate magnate A. Alfred Taubman and the $183 million acquisition of the John Wanamaker chain from Carter Hawley Hale Stores Inc. in 1988.
BUSINESS
By Bloomberg Business News | January 14, 1994
ALEXANDRIA, Va. -- Woodward & Lothrop Inc., a department-store chain that has been hemorrhaging money for years, may consider filing for Chapter 11 bankruptcy protection to restructure its debt, a company spokeswoman said yesterday."
NEWS
By JACQUES KELLY | June 27, 1995
It's not hard to see why so many old-time Philadelphians are wincing at the expected loss of the name of John Wanamaker on their landmark department store.Last week came the announcement that the great JW name would disappear from the Quaker City's retailing giant at 13th and Market streets.Here in Baltimore, we have suffered similar indignity. We have lost both Hutzler Brothers and Hochschild-Kohn, to say nothing of the old Stewart's and Brager-Gutman. And that's only in the last decade or so. Howard Street, once the pride of the city, is today its shame.
BUSINESS
By Bloomberg Business News | October 8, 1992
WASHINGTON -- Standard & Poor's downgraded the subordinated debt of Woodward & Lothrop yesterday, reflecting continued deterioration in the department store chain's financial condition.The company operates 17 Woodward & Lothrop department stores in the Baltimore-Washington area and 15 Philadelphia-area John Wanamaker stores.Woodward & Lothrop, commonly known as Woodies, competes against Hecht's, a division of May Department Stores Co. The company has stores in Columbia, White Marsh and Annapolis.
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.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | August 5, 1994
Woodward & Lothrop Inc. has agreed to move its distribution center supporting 35 department stores to the Zamoiski Co. warehouse in South Baltimore, Mayor Kurt L. Schmoke said yesterday.The deal is expected to mark a $10 million investment in the city and create at least 200 jobs.The center will consolidate facilities now located in Washington, Belmar, N.J., and at least one other location. The department store chain will lease 295,000 square feet of warehouse space for five years beginning this fall, with an option to renew for another five years.
BUSINESS
By Ross Hetrick and Ross Hetrick,Staff Writer | January 18, 1994
Woodward & Lothrop Inc., the venerable retail chain that has served Washington-area customers for 113 years, filed for Chapter 11 bankruptcy protection yesterday in an effort to work its way out from under the crushing debt it took on in the mid-1980s.Affectionately known as "Woodies," the chain suffered persistent losses over the last several years after the $230 million leveraged buyout in 1984 by Michigan real estate magnate A. Alfred Taubman and the $183 million acquisition of the John Wanamaker chain from Carter Hawley Hale Stores Inc. in 1988.
BUSINESS
By Bloomberg Business News | January 14, 1994
ALEXANDRIA, Va. -- Woodward & Lothrop Inc., a department-store chain that has been hemorrhaging money for years, may consider filing for Chapter 11 bankruptcy protection to restructure its debt, a company spokeswoman said yesterday."
BUSINESS
By New York Times News Service | April 23, 1991
Robert B. Mang has been named president and chief operating officer of Woodward & Lothrop/John Wanamaker Inc., effective May 1.Mr. Mang, 45, who will report to Arnold H. Aronson, the company's chairman and chief executive, is currently president of Bon Marche in Seattle, a division of Campeau Corp.Woodward/Wanamaker includes 17 Woodward & Lothrop stores in the Baltimore-Washington area and 15 John Wanamaker stores in the Philadelphia area. The two chains are owned by Taubman Holdings Inc., a private investment concern controlled by A. Alfred Taubman, a leading mall developer.
BUSINESS
By Bloomberg Business News | May 20, 1995
NEW YORK -- Woodward & Lothrop Inc. won bankruptcy court approval to pay fees of as much as $9 million to a winning bidder for the company if the retailer later rejects the bid and accepts another offer.The Washington, D.C.-based company, sought bids for all or part of its business last month after an unsuccessful attempt to reorganize. However, the bids were "not satisfactory," said Marc Abrams, the company's lawyer.Mr. Abrams persuaded U.S. Bankruptcy Judge Stuart Bernstein that the fee and other measures are needed to encourage bidders during a second round of bidding, which is expected to be completed this month.
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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