L.A. Joe Department Store

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L.A. Joe Department Store
Discount department store
Industry Retail
Founded 1990
Defunct 1992
Headquarters Charleston, West Virginia, United States
Number of locations
70+
Area served
West Virginia, Ohio, Indiana, Kentucky, Pennsylvania
Products Clothing, garden/seasonal, sporting goods, hardware, footwear, bedding, furniture, jewelry, beauty products, electronics and housewares.

L.A. Joe Department Store was a chain of Charleston, West Virginia based discount department stores that existed until June, 1992.

History[edit]

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 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%.

References[edit]

  • Daily News Record: L.A. Joe Begins Liquidation. April, 1991 [1]
  • Daily News Record: L.A. Joe Liquidation to Pay Creditors 40%. June, 1992. [2]