Federal's
From Wikipedia, the free encyclopedia
Federal Department Store, or Federal's, was a department store chain based in Detroit.
| |
| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 1929 in Detroit, Michigan |
| Founder | Davison brothers |
| Defunct | 1980 |
| Fate | Liquidation |
Number of locations | 54 |
Area served | Metro Detroit |
| Products | Clothing, household goods |
History
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]
