| NYSE: ALL [1] | |
| Industry | Department store |
| Founded | 1930s |
| Founder | B. E. Puckett |
| Defunct | 1992 |
| Fate | Merged with Federated Department Stores |
| Headquarters | , United States |
Area served | United States |
Allied Stores Corporation was an American holding company of department store chains based in New York City. [2] It was founded in the 1930s during a period of consolidation in the retail sector by B. E. Puckett. See also Associated Dry Goods. It was the successor to Hahn's Department Stores, a holding company founded in 1928.
In 1981, Allied Stores acquired the 24-year-old retail conglomerate Garfinckel, Brooks Brothers, Miller & Rhoads, Inc. for $228 million (~$664 million in 2024). The acquisition included 178 department stores and 48 specialty shops across 28 states. [3]
In December 1986, Allied Stores was acquired by Campeau Corporation under Canadian entrepreneur Robert Campeau. [4] [5] In April 1988, Campeau merged with Federated Department Stores. [6] Allied and Federated were consolidated in January 1990 after Chapter 11 bankruptcy, although they continued to operate as two distinct companies with their separate portfolios. [7] Federated absorbed Allied when emerging from bankruptcy in February 1992. [8]
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