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Statements

Subject Item
dbr:Interstate_Department_Stores
rdf:type
yago:WikicatDefunctDiscountStoresOfTheUnitedStates yago:DiscountHouse103206405 yago:YagoPermanentlyLocatedEntity yago:Structure104341686 yago:YagoGeoEntity yago:Object100002684 yago:PhysicalEntity100001930 yago:Whole100003553 yago:MercantileEstablishment103748162 yago:PlaceOfBusiness103953020 yago:Artifact100021939 yago:Establishment103297735
rdfs:label
Interstate Department Stores
rdfs:comment
Interstate Department Stores, Inc., was an American holding company for a chain of small department stores, founded in Delaware in 1928 . After a very rapid expansion as the result of acquisition and expansion of two discount store chains acquired in 1959 and 1960 and also two toy store chains acquired in 1967 and 1969, the firm was renamed in 1970 as Interstate Stores, Inc., to better reflect its business. Increased competition and the changes in consumer buying habits eventually led to decreased sales in the late 1960s and early 1970s which forced the firm to file for bankruptcy in 1974. After shedding all of its non-performing units, the firm was able to exit bankruptcy with the entire toy division intact along with a small remnant of the department store division in 1978. The firm was
dct:subject
dbc:Defunct_department_stores_based_in_Michigan dbc:Defunct_discount_stores_of_the_United_States dbc:Toys_%22R%22_Us
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dbo:abstract
Interstate Department Stores, Inc., was an American holding company for a chain of small department stores, founded in Delaware in 1928 . After a very rapid expansion as the result of acquisition and expansion of two discount store chains acquired in 1959 and 1960 and also two toy store chains acquired in 1967 and 1969, the firm was renamed in 1970 as Interstate Stores, Inc., to better reflect its business. Increased competition and the changes in consumer buying habits eventually led to decreased sales in the late 1960s and early 1970s which forced the firm to file for bankruptcy in 1974. After shedding all of its non-performing units, the firm was able to exit bankruptcy with the entire toy division intact along with a small remnant of the department store division in 1978. The firm was renamed Toys "R" Us upon emergence from bankruptcy.
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