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Federal's

From Alfawiki
Federal's
Company typePrivate
IndustryRetail
Founded1929; 97 years ago (1929) in Detroit, Michigan
FounderDavison brothers
DefunctTemplate:End date and age
FateLiquidation
Number of locations
54
Area served
Metro Detroit
ProductsClothing, household goods

Federal Department Store, commonly known as Federal's, was a retail department store chain headquartered in Detroit.

History

Established in 1929, Federal's expanded its operations over the decades. In 1961, the company combined forces with Kobacker's, a retailer based in Columbus, Ohio. Later, in 1969, Federal's acquired Shifrin-Willens Jewelers. Financial difficulties led the chain to file for bankruptcy protection in 1972. That same year, Federal's closed its locations in Lansing and Kalamazoo. In 1978, Steven Watstein—also known by the name Steven West—became the new owner of Federal's. Ultimately, the chain ceased operations and was liquidated in 1980.

At the time of bankruptcy proceedings, Federal's possessed several assets including the Hoffritz for Cutlery chain, which was divested in 1975 through a leveraged buyout.

References

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