L.A. Joe Department Store
- L.A. Joe Department Store
Infobox Company
name = L.A. Joe Department Store
company_
type = Discount department store
foundation = 1990
location_city = Charleston, West Virginia
location_country = United States
location =
locations = 70+
key_people =
area_served = West Virginia, Ohio, Indiana, Kentucky
industry = Retail
products = Clothing, garden/seasonal, sporting goods, hardware, footwear, bedding, furniture, jewelry, beauty products, electronics and housewares.
divisions =
dissolved = 1992
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, 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%.
Former locations
West Virginia
*Fairmont
*Gassaway
*PrincetonKentucky
*WilliamsburgVirginia
*Winchester
References
*Daily News Record: L.A. Joe Begins Liquidation. April, 1991 [http://findarticles.com/p/articles/mi_hb4298/is_199104/ai_n14987206]
*Daily News Record: L.A. Joe Liquidation to Pay Creditors 40%. June, 1992. [http://findarticles.com/p/articles/mi_hb4298/is_199206/ai_n14990872]
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