MainStreet

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For other uses, see Main Street (disambiguation).
MainStreet
Former type Department store
Industry Retail
Fate Converted or Sold to Kohl's
Founded 1983, Chicago, Illinois, USA
Defunct 1988
Headquarters Bannockburn, Illinois, USA
Area served Chicago metropolitan area, Detroit, Michigan, Grand Rapids, Michigan, Twin Cities, Minnesota
Products Clothing, footwear, bedding, furniture, jewelry, beauty products, home electronics, small appliances, housewares
Parent Federated Department Stores

MainStreet was a department store chain based in Chicago, Illinois, United States. The chain was launched in November 1983 by Federated Department Stores (now known as Macy's, Inc.).[1] Throughout the 1980s, the chain expanded to twenty-nine stores in Illinois, Michigan and Minnesota. By 1988, MainStreet was sold to the Wisconsin-based chain Kohl's, which converted most MainStreet locations to Kohl's that year.

History[edit]

Federated Department Stores, now known as Macy's, Inc., founded the MainStreet chain in 1983 with seven stores in the Chicago, Illinois area. The store was a middle-market chain focused primarily on softlines, similar to Kohl's and Mervyns. MainStreet stores often featured a "racetrack" layout like a discounter, but checkouts were distributed around the store like a traditional department store. The first locations outside the Chicago area opened around Metro Detroit in 1986. [2]

The MainStreet chain was sold by Campeau Corporation, then-owners of Federated, in order to reduce debts following Campeau's buyout of Federated.[3] Kohl's acquired twenty-six of the twenty-nine MainStreet locations in 1988 for $90 million,[4][5] and converted them to the Kohl's nameplate in March 1989.[6]

References[edit]

  1. ^ Federated to add specialty div. and fine-tune non-department stores, Discount Store News, July 9, 1984.
  2. ^ "Mainstreet to open four stores". The Bryan Times. 23 December 1985. Retrieved 11 August 2010. 
  3. ^ Toy story, BusinessWeek, December 4, 2000.
  4. ^ Our Milestones, Kohl's Corporation, Last accessed January 23, 2007.
  5. ^ "Article: Confirm Kohl's to buy Mainstreet from Federated Stores for $90M.". Daily News Record. 1988-11-01. Retrieved 2009-10-01. 
  6. ^ Randle, Wilma (1989-02-22). "Kohl's to expand MainStreet". The Chicago Tribune. Retrieved 2009-10-01.