The Broadway was a mid-level department store chain headquartered in
Los Angeles, California. Founded in 1896 by English born
Arthur Letts, Sr., who later went on to develop
Holmby Hills, The Broadway became one of the dominant retailers in Southern California and the Southwest. In 1950, the company merged with
Sacramento-based
Hale Brothers to form
Broadway-Hale Stores.
The Broadway bought out competitors in Los Angeles (B.H. Dyas, Milliron's, and Coulter's),
San Diego (Marston's), and
Phoenix (Korrick's). In later years The Broadway opened stores in
Nevada (
Las Vegas),
New Mexico, and
Colorado. In 1979, it was split into two divisions: The Broadway Southern California, based in Los Angeles; and Broadway Southwest, headquartered in Phoenix (for the non-California stores).
The Broadway's parent Carter Hawley Hale Stores ran into financial difficulties which resulted from poor management decisions and hostile takeover attempts. In 1996 the chain was acquired by
Federated Department Stores and the majority of locations were converted to the
Macy's nameplate. Several stores in affluent areas where Macy's already had locations were closed, refurbished and reopened as
Bloomingdale's, while Federated sold many of the remaining stores to
Sears.
Though the chain had been closed for over seven years, The Broadway Building in Hollywood, including it's iconic "The Broadway" sign was featured in the climactic final scenes of 2003's Hollywood Homicide movie starring...
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