L.A. Joe Department Store
Encyclopedia
L.A. Joe Department Store was a chain of Charleston, West Virginia
based discount department stores that existed until June, 1992.
Retail Acquisition Corp/L.A. Joe purchased the struggling Heck's Department Store
chain in 1990.
The company experienced $19.5 billion in losses between 1990 and 1991, and in 1991 liquidated 22 of its stores under Chapter 11.
By June 1992, the remainder of the stores had been liquidated. Creditors were paid 40%.
Charleston, West Virginia
Charleston is the capital and largest city of the U.S. state of West Virginia. It is located at the confluence of the Elk and Kanawha Rivers in Kanawha County. As of the 2010 census, it has a population of 51,400, and its metropolitan area 304,214. It is the county seat of Kanawha County.Early...
based discount department stores that existed until June, 1992.
History
L.A. Joe was the retail brand name of Retail Acquisition Corporation which at its peak owned 70 discount department stores throughout West Virginia, Virginia, Ohio, Indiana and Kentucky.Retail Acquisition Corp/L.A. Joe purchased the struggling Heck's Department Store
Heck's Department Store
Heck's Department Store was a chain of West Virginia based discount department stores owned by business entrepreneur Fred Haddad that existed in West Virginia, Virginia, Ohio, Pennsylvania, Indiana, and Kentucky until dissolved in September, 1990. It was founded by Fred Haddad in Charleston, West...
chain in 1990.
The company experienced $19.5 billion in losses between 1990 and 1991, and in 1991 liquidated 22 of its stores under Chapter 11.
By June 1992, the remainder of the stores had been liquidated. Creditors were paid 40%.