New Mexico Proxy Statement of Carter Hawley Hale Stores, Inc.
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Its fortunes eventually declined, and Federated Department Stores (now Macy's, Inc.) bought the chain in 1995. In 1996, Broadway stores were either closed or converted into Macy's and Bloomingdales.
Carter Hawley Hale Stores, Inc. is one of the largest department store retailers in the United States. Headquartered in Los Angeles and concentrated in California, it operates 89 stores through four divisions: The Broadway-Southern California, The Broadway-Southwest, The Emporium, and Weinstocks.
The Broadway Department Stores was founded in 1896 by Arthur Letts, Sr, an English immigrant. Its margketing strategey to target the cost-conscious customer brought a huge success. Arthur Letts helped John G. Bullock, one of his famous employees including P.G.
The chain was dissolved in 1996 as Federated consolidated the former Broadway, Emporium and Weinstock's stores, along with its own Macy's California and Bullock's chains (acquired in 1994), to form Macy's West.
