History[edit] Letts started the Broadway Department Store on February 24, 1896 by purchasing the name, assets, fixtures, and the building lease from the bankrupted firm of J.A. Williams and Co. for a sum of $8377.[1][2][3] The previous owners had a good location in a recently constructed building at the corner of Broadway and Fourth Streets,[4] but had all of its assets seized by their creditors for failure to pay its bills after just four short months of operations.[5][6][7] In contrast, Letts was able to pay off all of his creditors in a short period of time after acquiring the assets for the failed store by the quick sale of the same assets and by watching his expenses.[8][9] In a short period of time, the business was doing so well, that it had to expand into adjacent store fronts. A decade later, it had outgrown its home in the Hallett & Pirtle building and required a new home.[2] It was decided to have a new nine-story building with nearly 11 acres of floor space to be built in several phases at the same location with construction starting in 1913 while the current store remained in business.[9]

See also[edit] List of defunct department stores of the United States

References[edit] ^ a b Groves, Martha (February 12, 1991). "The Broadway: Bright History, Uncertain Future". Los Angeles Times.  ^ a b Richardson, Eric (November 16, 2011). "38 Years Ago: Broadway Department Store Moved Off Namesake Street". Blogdowntown. KPCC.  ^ "City News In Brief". Los Angeles Herald. 45 (134). February 22, 1896. p. 7 – via California Digital Newspaper Collection. The stock of the Broadway store has been sold by the board of trade to Arthur Letts for the sum of $8377.  ^ "Hallett And Pirtle Block". Los Angeles Herald. 44 (115). August 4, 1895. p. 6 – via California Digital Newspaper Collection. The Superb New Broadway Structure at The Corner of Fourth Office and Mercantile Apartments of Modern Proportions The Upper Story to Be Utilized as a First Class Lodging Hotel With a Roof Garden  ^ "Grand Opening Today; Finest Store of the Kind on the Pacific Coast Designed Like "The Fair"; Eighteen Departments Will Be Maintained". Los Angeles Herald. 44 (140). August 29, 1895. p. 5 – via California Digital Newspaper Collection. The new institution will be styled J.A. Williams & Co., the members of the firm being Mr. J. A. Williams, and Mr. B.F. Overman. The place of business will be styled the Broadway Department Store, and it will occupy apartments in the Hallett & Pirtle building, at the corner of Fourth and Broadway.  ^ "A Los Angeles Failure". San Francisco Call. 79 (55). January 24, 1896. p. 3 – via California Digital Newspaper Collection. Broadway Department Store Attached by Several Creditors Yesterday.  ^ "For Sale: Stock and Fixtures of Broadway Department Store". Los Angeles Herald. 45 (125). February 13, 1896. p. 4 – via California Digital Newspaper Collection. The Creditors' Committee in the matter of J.A. Williams & Co. will receive sealed bids for the stock, fixtures and fittings of the Broadway Department Store, Pirtle Building, southwest corner Broadway and Fourth Street.  ^ "Broadway Department Store". Los Angeles Herald. 45 (135). February 23, 1896 – via California Digital Newspaper Collection. The entire stock of J.A. Williams & Co. will be placed on sale Monday, February 24th, and must be Closed Out in Thirty Days...Broadway Department Store; Arthur Letts, Assignee; Corner Fourth and Broadway.  ^ a b Findlay, Paul (February 1918). "How They Did It". System: The Magazine of Business. 33 (2). pp. 200–202.  v t e Store conversions to Macy's and predecessors 2006 Famous-Barr L. S. Ayres The Famous Clothing Store (1911) The William Barr Dry Goods Co. (1911) The Jones Store added to division in 1998 L.S. Ayres added to division in 1991 Kaufman-Straus (1969) Pogue's (1983) Stewart Dry Goods (1985) Filene's Steiger's (1994) G. Fox & Co. (1993) Foley's Maison Blanche (1998) May D&F (1993) Sanger-Harris (1987) Hecht's Strawbridge's Castner Knott (1998) Wanamaker's (1995) Woodward & Lothrop (1995) Hess's (1994) Thalhimers (1992) Miller & Rhoads (1990) Strawbridge's added to division in 1996 Kaufmann's Hess's (1995) McCurdy's (1994) May Company Ohio (1992) Sibley's (1991) Strouss (1986) Marshall Field's Dayton's (2001) Hudson's (2001) Robinsons-May Meier & Frank May Company California (1993) J. W. Robinson's (1993) Goldwater's (1989, to May Company California, J. W. Robinson's and May D&F) Meier & Frank added to division in 2002; Zions Cooperative Mercantile Institution (2001, to Meier & Frank) 2005 Lazarus Horne's (1994) Block's (1987) Herpolsheimer's (1987) Shillito-Rike's (1986) Burdines Maas Brothers (1991) Jordan Marsh Florida (1991) Other regional stores The Bon Marché Goldsmith's Rich's 1996-2001 Bullock's (1996) The Emporium (1996) The Broadway (1996) Jordan Marsh (1996) Weinstock's (1996) Liberty House (2001) Stern's (2001) 1947-1995 O'Connor, Moffat & Co. (1947) John Taylor Dry Goods Co. (1949) Lasalle & Koch (1984) Bamberger's (1986) Davison's (1986) I. Magnin (1994) Abraham & Straus (1995) See also Allied Stores Associated Dry Goods The May Department Stores Company Macy's, Inc. Retrieved from "https://en.wikipedia.org/w/index.php?title=The_Broadway&oldid=808145276" Categories: Defunct department stores of the United StatesRetail companies established in 1896Retail companies disestablished in 1996History of Los AngelesMacy's, Inc.Defunct companies based in the Greater Los Angeles Area1896 establishments in CaliforniaHidden categories: CS1: Julian–Gregorian uncertaintyArticles lacking sources from December 2008All articles lacking sources

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