| Industry | Department store |
|---|---|
| Founded | 1930s |
| Founder | B. E. Puckett |
| Defunct | 1992 |
| Fate | Merged with Federated Department Stores |
Area served | United States |
Allied Stores was a holding company of department store chains in the United States. It was founded in the 1930s as part of a general consolidation in the retail sector by B. E. Puckett. See also Associated Dry Goods. It was the successor to Hahn's Department Stores, a holding company founded in 1928.
In 1981, Allied Stores acquired the 24-year-old retail conglomerate Garfinckel, Brooks Brothers, Miller & Rhoads, Inc. for $228 million (~$647 million in 2023). With that transaction they acquired 178 department stores and 48 specialty shops in 28 states.[1]
In December 1986, the chain was acquired by Campeau Corporation under Canadian entrepreneur Robert Campeau.[2][3] In April 1988, Campeau merged with Federated Department Stores.[4] Allied and Federated were consolidated in January 1990 after Chapter 11 bankruptcy though they remained two distinct companies.[5] Federated absorbed Allied when emerging from bankruptcy in February 1992.[6]
- ^ Knight, Jerry (September 2, 1981). "Garfinckel Sale To N.Y. Firm Set At $228 Million". The Washington Post. p. A1. Archived from the original on November 7, 2012. Retrieved July 9, 2011.
- ^ Barmash, Isadore (July 1, 1988). "Builders Weigh Major Project For Brooklyn" – via NYTimes.com.
- ^ https://www.washingtonpost.com/archive/politics/1988/04/02/federated-stores-accepts-campeau-takeover-offer/9ffcd95e-54db-4f36-9e9d-faf88308db2d/
- ^ "Canadian Bidder Beats Macy In Fight for Federated Stores". The New York Times.
- ^ "Campeau's Units Change Creditor Plan". The New York Times.
- ^ "Federated profits rise". Asbury Park Press. Asbury Park, New Jersey. November 12, 1992. p. 11.