Does Fedco still exist?
Federal Employees’ Distributing Company, known as Fedco, was a membership department store chain that operated in Southern California from 1948 to 1999….Fedco.
| Type | Department Store |
|---|---|
| Industry | Retail |
| Founded | 1948 in Los Angeles, California |
| Founders | U.S. Post Office employees |
| Defunct | 1999 |
When did Fedco go out of business?
Fedco — or the Federal Employees’ Distributing Company — was the 1948 brainchild of hundreds of postal workers looking for a better place to shop. Despite its pioneering efforts in the members-only warehouse business, Fedco ultimately filed for bankruptcy in 1999.
Who bought out Fedco?
The Dayton Hudson Corporation
Limited only to the Southern California area surrounding Los Angeles, Fedco could not compete with its nationwide competitors resulting in the company to declare bankruptcy in 1999. The Dayton Hudson Corporation bought the company for $120 million and replaced the 13 Fedco retail buildings with Target.
What happened Fed Co?
Fedco, Southern California’s first membership discount retailer, said Friday that it has filed for Chapter 11 bankruptcy protection and plans to eventually close all of its stores and lay off 3,700 employees. Under its bankruptcy plan, Fedco would sell its 13 outlets to retail giant Dayton Hudson Corp.
Why did Mervyns go out of business?
In 2012, CNN Money reported that the firms and several banks agreed to pay Mervyn’s creditors $166 million to settle allegations that the firms “took fraudulent profits” and intentionally drove the department store into bankruptcy.
When did bullock’s go out of business?
Bullock’s was a chain of full-line department stores from 1907 through 1995, headquartered in Los Angeles, growing to operate across California, Arizona and Nevada.
What is Bullocks Wilshire building now?
Bullocks Wilshire was also the name of the department store chain of which the Los Angeles store was the flagship; it had seven stores total; Macy’s incorporated them into and rebranded them as I. Magnin in 1989, before closing I. Magnin entirely in 1994. It is currently owned by Southwestern Law School.
What happened to Yellow Front Stores?
Yellow Front Stores were acquired by Lucky Stores in 1978 for $45.9 million, but continued to operate as Yellow Front. In 1987 there were 104 Yellow Front Stores in 8 states….Yellow Front Stores.
| Type | Discount store |
|---|---|
| Founder | Jim Kelly |
| Defunct | 1990 |
| Fate | bankruptcy |
| Headquarters | Phoenix, Arizona |
Who owned white front stores?
Interstate Department Stores
White Front was a chain of discount department stores in Southern California and the western United States from 1959 through the mid-1970s….White Front.
| Type | Subsidiary |
|---|---|
| Parent | Interstate Department Stores |
Are there still Mervyns stores?
Liquidated: 2008. Mervyn’s, the midrange department store that once sold a variety of apparel, housewares and other traditional department store goods, may never have seen its day in the sun. What started as one small California store in 1949 gradually expanded to 266 stores in 14 states by 2004.
Is there a Fedco in California?
Not to be confused with Fedco Food Stores. Federal Employees’ Distributing Company, known as Fedco, was a membership department store chain that operated in Southern California from 1948 to 1999. The chain was unusual in that it was a nonprofit consumers’ cooperative.
What happened to Fedco in Pasadena?
Fedco never expanded beyond the Los Angeles and San Diego areas and ultimately, it filed for bankruptcy in 1999. Most Fedco stores, including the Pasadena store were torn down and replaced by Target stores, while others were down and are now long forgotten.
Is Costco Mesa a Target’Greatland’?
“Costa Mesa’s a ‘Greatland’ for Target”. Los Angeles Times. ^ “Fedco to offer coupons to settle membership”. Discount Store News. 38 (20): 4. October 25, 1999. Archived from the original on July 11, 2012. Retrieved September 18, 2006 – via FindArticles. ^ “FEDCO Teacher Grants”. California Community Foundation.
How many stories is Fedco’s new Orange County store?
^ Barron, Kelly (October 1, 1993). “Fedco’s new store is three stories, brightly decorated and in a mall”. Orange County Register. p. C01.