Federal's

Federal's was founded in 1929.^[1] In 1961, Federal's merged with Kobacker's of Columbus, Ohio and in 1969,^[2] it bought Shifrin-Willens Jewelers.^[3] The chain filed for bankruptcy in 1972.^[4] That same year, the Federal's stores in Lansing and Kalamazoo were closed.^[5] Steven Watstein, also known as Steven West, purchased Federal's in 1978.^[6] The chain was liquidated in 1980.^[7][8]

One of Federal's holdings at the time of the bankruptcy was the Hoffritz for Cutlery chain, which was sold off in 1975 in a leveraged buyout.^[9]