Foxmoor Casuals Explained

Foxmoor Casuals
Former Name:Foxwood Casuals
Industry:Women's Fashion
Fate:Bankruptcy and Sale
Successor:Edison Brothers Stores
Founded:1963
Defunct:1991
Hq Location:Pittsburgh, Pennsylvania
Num Locations:588 (1982)
614 (1984)
Parent:Melville Shoe Corporation (1968-1984)Dylex Limited (1984-1990)Edison Brothers (1990-1999)

Foxmoor Casuals (founded as Foxwood Casuals) was a chain of mall-based women's clothing stores in the US, from 1963 until 1990.

History

Foxwood Casuals was founded in 1963, in Pittsburgh, Pennsylvania. The then 16-store chain was acquired by the Melville Shoe Corporation in late 1968.[1] By 1982, the chain had expanded greatly to a total of 588 stores with sales of $196 million (~$ in), now renamed to Foxmoor Casuals.[2] In 1984, the chain was sold to the Canadian-based Dylex Limited who paid $49 million (CAD) for the then 614-unit chain.[3] In January 1990, the chain, operated through Dylex subsidiary Foxmoor Specialty Stores Corp., filed for Chapter 11 bankruptcy, selling 225 stores to the Edison Brothers conglomerate and liquidating the remaining stores.[4] [5] The 225 stores bought by Edison Brothers were quickly converted to other nameplates that year.[6]

References

  1. News: To Acquire Stores. October 14, 1968. The Pittsburgh Press. February 29, 2020.
  2. News: Barmash. Isadore. RETAILING: THE SPECIAL CASE OF MELVILLE CORP.. April 4, 1982. The New York Times. February 29, 2020.
  3. Web site: History of Dylex Limited. FundingUniverse. February 29, 2020.
  4. News: Foxmoor specialty stores files for bankruptcy. January 17, 1990. UPI. February 29, 2020.
  5. News: Altaner. David. FOXMOOR TO CONVERT SOME STORES. March 7, 1990. The Sun-Sentinel. February 29, 2020.
  6. News: Boselovic. Len. Foxmoor store closings to cut 50 local jobs. February 8, 1990. The Pittsburgh Press. February 29, 2020.

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