L.A. Joe Department Store
| Discount department store | |
| Industry | Retail |
| Founded | 1990 |
| Defunct | 1992 |
| Headquarters | Charleston, West Virginia, United States |
Number of locations | 70+ |
Area served | West Virginia, Ohio, Indiana, Kentucky, Pennsylvania, Maryland |
| Products | Clothing, garden/seasonal, sporting goods, hardware, footwear, bedding, furniture, jewelry, beauty products, electronics and housewares. |
L.A. Joe Department Store was a chain of Charleston, West Virginia based discount department stores that existed until June, 1992.
History
L.A. Joe was the retail brand name of Retail Acquisition Corporation which at its peak owned 70 discount department stores throughout West Virginia, Virginia, Maryland, Ohio, Indiana and Kentucky.
Retail Acquisition Corp/L.A. Joe purchased the struggling Heck's Department Store chain in 1990.
The company experienced $19.5 billion in losses between 1990 and 1991, and in 1991 liquidated 22 of its stores under Chapter 11.
By June 1992, the remainder of the stores had been liquidated. Creditors were paid 40%.
References
- Daily News Record: L.A. Joe Begins Liquidation. April, 1991
- Daily News Record: L.A. Joe Liquidation to Pay Creditors 40%. June, 1992.
This article is issued from
Wikipedia.
The text is licensed under Creative Commons - Attribution - Sharealike.
Additional terms may apply for the media files.