Carter Hawley Hale Stores was a American retailer in Southern California. Over time, it acquired other retail store chains in regions outside its Southland home base, and became in certain retail sectors a regional and national retailer in the 1970s and 1980s. It entered into Chapter 11 bankruptcy in 1991, and eventually its assets were completely sold off. Southern California Los Angeles, rush hour on the Harbor Freeway San Diego Southern California, sometimes abbreviated SoCal, is an informal name for the southern one-third of the state of California. ... This article provides extensive lists of events and significant personalities of the 1970s. ... // Events and trends The 1980s marked an abrupt shift towards more conservative lifestyles after the momentous cultural revolutions which took place in the 60s and 70s and the definition of the AIDS virus in 1981. ... Chapter 11 of the Bankruptcy Code governs the process of reorganization under the bankruptcy laws of the United States. ... Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. ... 1991 is a common year starting on Tuesday of the Gregorian calendar. ...

The chain's beginnings date from the Hale Bros. stores that predate World War II. Prentis Cobb Hale worked as a stock clerk in the family store that bears his name as early as 1936. After the war, Los Angeles began to grow in population very rapidly, and Hale Bros. and LA-based The Broadway merged into Broadway-Hale Stores around 1947. The Broadway's principal was Philip M. Hawley. Another principal was Edward W. Carter. Together these names formed the name of the merged companies. World War II was a truly global conflict with many facets: immense human suffering, fierce indoctrinations, and the use of new, extremely devastating weapons like the atom bomb. ... Prentis Cobb Hale (1910 - February 11, 1996) was an American entrepreneur. ... 1936 was a leap year starting on Wednesday (link will take you to calendar). ... The Downtown Los Angeles skyline. ... Carter Hawley Hale Stores was a American retailer in Southern California. ... 1947 was a common year starting on Wednesday (link will take you to calendar). ...

After Hale's retirement from active leadership of the company in 1972, Hawley took over as CEO. The company acquired several different retail chains, including Contempo Casuals, Waldenbooks, Bergdorf Goodman, Hole Renfrew, Emporium-Capwell, Neiman-Marcus, Thalhimer's, and in 1978 the venerable but tattered John Wanamaker, one of the pioneering department stores of the United States. These acquisitions took place in the 1970s and 1980s. Sales increased, but profits did not. The saying on Wall Street was "God gave them Southern California and they blew it." 1972 was a leap year that started on a Saturday. ... Waldenbooks, operated by the Walden Book Company, Inc. ... Bergdorf Goodman is a major department store based in Midtown, Manhattan in New York City. ... This article needs to be wikified. ... Thalhimers was a department store in the Southern United States. ... 1978 was a common year starting on Sunday (the link is to a full 1978 calendar). ... John Wanamaker (July 11, 1838 - December 12, 1922) was a United States businessman, considered the father of the department store. ... This article provides extensive lists of events and significant personalities of the 1970s. ... // Events and trends The 1980s marked an abrupt shift towards more conservative lifestyles after the momentous cultural revolutions which took place in the 60s and 70s and the definition of the AIDS virus in 1981. ... View up Wall Street from Pearl Street Wall Street is the name of a narrow thoroughfare in lower Manhattan running east from Broadway downhill to the East River. ...

Blow it Carter Hawley Hale did. From its heights in 1984 as the sixth largest department store chain firm in the United States, it fell to Chapter 11 bankruptcy in 1991, suffering two hostile takeover attempts by The Limited along the way. Because it offered its employees a profit sharing plan, and not a retirement fund, under the Federal ERISA pension plan law the trustee was under no obligation to diversify the fund. Because of the nondiversification and continued purchase of Carter Hawley Hale stock—considering the freefall of the stock price Barron's had not predicted—the employee fund was soon stuck with a precipitous loss in value. Its employees dispirited, the firm declared Chapter 11 bankruptcy in 1991 and soon afterwards closed its doors forever. Its tangible assets were eventually bought by Federated Department Stores, and its The Broadway Store locations—along with other stores in the chain—were put up for sale to other retailers. 1984 is a leap year starting on Sunday of the Gregorian calendar. ... A department store organizes its goods by departments, such as womens clothes, home furnishings, electronics, and the like. ... 1991 is a common year starting on Tuesday of the Gregorian calendar. ... A takeover in commerce refers to one company (the acquirer) purchasing another (the target). ... Limited Brands (NYSE: LTD) (formerly known as ) is a company founded in 1963 by Leslie H. Wexner (current chairman and CEO) in Columbus, Ohio, where its corporate headquarters is also currently located. ... The following, taken from http://www. ... A pension (also known as superannuation) is a retirement plan intended to provide a person with a secure income for life. ... Barrons magazine is an American weekly newspaper covering U.S. financial information, market developments, and relevant statistics. ... Federated Department Stores, Inc. ...

Besides the problems of surviving the 1980s era of hostile takovers, the main difficulty in keeping the company afloat was in the department stores, specifically The Broadway and Emporium, whose profits lagged pacesetter Contempo Casuals. Profitability was never uniform in all parts of the retail conglomerate Carter Hawley Hale had become.

The longtime print and television/radio media advertising slogans during the 1970s until The Broadway closed for good were "It's at the Broadway" (radio and television only) and "The Broadway is Southern California" (all media). A baritoned male voice over announcer provided the verbalized slogan.

External links

Carter Hawley Hale - A Corporate Governance Case Study
John Simon & QRS Case Study (page 1 mentions demise of Carter Hawley Hale and Federated's acquisition of assets)