Broadway Stores

Broadway Stores, Inc.

A former The Broadway department store at the Hawthorne Plaza Shopping Center in Hawthorne, California, in 2010
Formerly	Broadway-Hale Stores (1950–1974) Carter Hawley Hale Stores (1974–1994)
Company type	Public
Traded as	NYSE: BWY
Industry	Retail
Founded	February 24, 1896; 128 years ago (1896-02-24) as The Broadway in Los Angeles
Founder	Arthur Letts, Sr.
Defunct	October 12, 1995; 28 years ago (1995-10-12)
Fate	Company was sold to Federated Department Stores
Successor	Macy's
Headquarters	Los Angeles, California , US
Area served	United States
Key people	Edward W. Carter, Prentis C. Hale, Philip M. Hawley
Divisions	The Broadway (1950–1995) Weinstock's (1950–1995) Hale's (1950–1967) Wanamaker's (1978-1987) Emporium-Capwell (1970–1995)

Broadway Stores, Inc., was an American retailer based in Southern California. Known through its history as Carter Hawley Hale Stores and Broadway Hale Stores over time, it acquired other retail store chains in regions outside its California home base and became in certain retail sectors a regional and national retailer in the 1970s and 1980s. The company was able to survive takeover attempts in 1984 and 1986, and also a Chapter 11 bankruptcy filing in 1991 by selling off most of its assets until August 1995 when its banks refused to advance enough additional credit in order for the company to be able to pay off suppliers. At that point, the company sold itself to Federated Department Stores for $1.6 billion (~$2.92 billion in 2023) with the acquisition being completed on October 12, 1995.