Bullock's

Bullock's was a chain of full-line department stores from 1907 through 1995, headquartered in Los Angeles, growing to operate across California, Arizona and Nevada. Bullock's also operated as many as seven more upscale Bullocks Wilshire specialty department stores across Southern California. Many former Bullock's locations continue to operate today as Macy's.

History

Bullock's was founded in 1907 at Seventh and Broadway in downtown Los Angeles by John G. Bullock, with the support of The Broadway Department Store owner Arthur Letts. In 1923, Bullock and business partner P.G. Winnett bought out Letts' interest after his death and the companies became completely separated. In 1929 Bullock & Winnett opened a luxury branch on Wilshire Boulevard, referred to at the time as Bullock's Wilshire (the apostrophe would later be removed).

In 1944 Bullock's acquired I. Magnin & Co., a venerable San Francisco-based upscale specialty chain.

Starting in 1958, Bullock's built a series of four shopping centers initially called Bullock's Fashion Square, small, elegant, and open-air, with large Bullock's stores dominating, surrounded by only around 20 or 30 much smaller specialty stores, such as I. Magnin, Desmond's, Mandel's and Silverwoods. The total gross buildable area of Bullock's Santa Ana, for example was 340000 sqft, versus only 238000 sqft for all the other retailers combined. Bullock's Fashion Square in Santa Ana opened in 1958, followed by a Fashion Square for the San Fernando Valley (later "Sherman Oaks Fashion Square") in 1962, a Fashion Square in Torrance (later called "Del Amo Fashion Square") in September 1966 and Fashion Square in La Habra (which uniquely included a Buffum's branch from the beginning) in April 1968.[1] In 1964 the then public-owned Bullock's/I. Magnin organization was acquired by Federated Department Stores, much to the dismay of surviving founder P.G. Winnett, who publicly lambasted the deal (which was initiated by his own son-in-law, Bullock's President Walter W. Candy Jr.). In the 1970s, to differentiate itself from the full-line Bullock's stores, the very exclusive Wilshire location dropped its apostrophe, and became Bullocks Wilshire, and began its own expansion.

In February 1970, Federated Department Stores replaced its Bullock's Realty Corporation, which owned and managed the Fashion Square malls, with an organization called Transwest Management;[2] Transwest sold the Torrance (future "Del Amo") Fashion Square in March of that year to new co-owners Great Lakes and Guilford Glazer and Associates,[3] while selling the three other Fashion Squares for $13 million to Urban Investment and Development Company (UIDC), who would sell them in 1973 to Bank of America Realty Investor and Draper and Kramer for $16.3 million.[1]

Bullock's, Bullocks Wilshire, and I. Magnin retained their autonomy under Federated, as well as their "carriage trade" niche, with I. Magnin expanding into the Chicago and Washington, D.C. metropolitan areas and Bullock's opening stores in Phoenix,[4][5] Las Vegas[6] and Northern California.[7] [8] In 1983 however, Federated shuttered the Bullock's North division[9][10] and sold most of its locations to Seattle, Washington retailer Nordstrom. In 1988, after an ugly takeover battle between Robert Campeau and Macy's for Federated, Bullock's and I. Magnin were sold by Campeau to Macy's as a consolation prize for one billion dollars,[11] which plunged Macy's into debt. The new owners responded by dismantling Bullock's Los Angeles corporate offices,[12][13] merging Bullocks Wilshire into I. Magnin, and Bullock's into its Macy's South division, sending what had been Federated's most profitable division into a precipitous decline and alienating customers.

The end came quickly for Bullock's after Macy's filed for bankruptcy protection in 1992,[14] with the Bullocks Wilshire stores being renamed I. Magnin two years before.[15] Underperforming I. Magnin and Bullock's locations were closed,[16] and I. Magnin itself was dissolved in January 1995[17][18] once Federated Department Stores reappeared on the scene and acquired Macy's.[19] In 1996—following the acquisition of Broadway Stores, Inc.—Federated consolidated all its traditional department-store business in California under the Macy's nameplate, ending 89 years of Bullock's.[20]

Luxury market

Although the Bullocks Wilshire stores were deemed the most exclusive, the full-line Bullock's stores offered upscale designers such as Giorgio Armani, Jean-Paul Gaultier, Missoni, Krizia, Stephen Sprouse, Valentino, Salvatore Ferragamo, Byblos, Hugo Boss, Gieves & Hawkes, and Robert Graham. Under Federated, the 22 Bullock's stores offered consistent assortments in each location, a key to the company's profit and success (exceptions were the Lakewood, West Covina, Carlsbad and Grossmont, California, locations.) Under the corporate oversight of Macy's South in Atlanta, the 22 Bullock's stores were divided into three competing regions: merchant offices with extremely limited control were established in Santa Ana, Sherman Oaks and the existing 800 South Hope Street building. Macy's, now under tremendous debt, national economic issues and having alienated customers with swift and usually reactive changes to the Bullock's brand, focused and relied on South Coast Plaza, Sherman Oaks and Beverly Center to retain an upscale clientele.

Store list

Only full line Bullock's division stores. Note: "Closing" refers to store closing date as Bullock's or Macy's.[21]

Selected divisions

Bullocks Wilshire

Bullocks Wilshire was one of the more important divisions of Bullock's, Inc. until it was consolidated into I. Magnin by Macy's in 1989. The division could be traced to the opening of a single luxury branch store of Bullock's in 1929.[38] In 1968, The Bullock's store in Palm Springs (built in 1947) was transferred to the control of Bullock's Wilshire to be its first branch store.[39] Four years later, in 1972, Bullock's Wilshire store was separated from Bullock's as a separate division with its own, president, chairman, buyers and staff with Walter Bergquist, former president of Bullock's, assigned as the division's first president.[40]

I. Magnin

I. Magnin was acquired in 1944[41] and stores in this division were kept separate from those of Bullock's and the other divisions. Many I. Magnin stores were near the first Bullock's branches and complemented them in such as fashion that Bullock's purposely placed I. Magnin branches in three of the four Fashion Square malls that it built (in addition to inviting Desmond's, Silverwoods and other Fashion businesses not owned by Bullock's). The division lasted until 1994 when Macy's liquidated the brand and converted some of the stores to Macy's stores, selling some to Saks Fifth Avenue, and closing the rest.

Bullock's North

In the early 1970s, Federated wanted to move into the San Francisco Bay Area, an area of the country in which they never had any stores and was dominated by stores owned by Macy's and Broadway-Hale.[42][43][8][7] Federated decided to open a new division that reported directly to Federated, but chose a name, Bullock's North, that had some name recognition in Northern California, but was distinct enough from its sister division to the south.

The first store in the division opened at the Stanford Shopping Center in Palo Alto in March 1972. It had 150,000 square feet on two floors.[44] Two years later, a second store was opened in downtown Walnut Creek in 1974,[45] followed by a third store that was opened in the following year at the Vallco Fashion Park in Cupertino.[46]

A store was originally scheduled to open in Marin County the following year. Federated obtained property and even received clearance from the Corte Madera City Council to start construction, but resistance by local residents was so strong that they were able to obtain a recall election and were able to eject the city council members that had voted in favor for the new store off the council and thus killing the project.[47] A fourth store opened in 1977 at the Stonestown shopping center in San Francisco[47][48] and was followed by the opening of a fifth store in 1978 at the Oakridge Mall in San Jose. In 1982, Bullock's North opened its sixth and final store in the ill-fated Fashion Island Mall in San Mateo.[49] This particular store was unusual because the store was covered by a tent instead of a conventional roof.[50][51] The unusual roof was probably one of the reasons why Federated was unable to sell this particular store and closed the store as soon as the lease had expired.

A year later, Federated closed the division and sold five of the stores and quietly closed the San Mateo store.[9][10][50] Nordstrom purchased three stores while Emporium-Capwell and Mervyn's each purchased a single store.

Bullock's Woman

In the late 1980s, Federated recognized that many of their young affluent women customers were unable to find youthful designer clothing in plus sizes and that very few stores were catering to that market, with the exception of Lane Bryant, Federated decided to test the idea that the plus-sized market young adult market was under-served by opening a stand-alone shop called Bullock's Woman in an upscale Las Vegas mall that already held a full-line Bullock's department store in March 1987.[52][53] After operating the store for a few months, Federated determined that the venture was profitable enough to expand the concept to other malls containing Bullock's and/or Bullocks Wilshire by opening second and third stores in Palm Desert and in Woodland Hills in September 1987.[54][55]

By 1992, other units were opened in Burbank,[56] Century City and Santa Ana.[57] When the Bullock's and Broadway nameplates were replaced with that of Macy's in 1996, a situation was created in which Macy's inherited excess floor space in the same malls that held the stand-alone Bullock's Woman stores so these were eventually integrated into the nearest Macy's store as the Macy's Woman department which specialized in the plus-sized designer clothing market

See also

Further reading

References

  1. David K. Cole. Main Place: a Look at a Multi-use Redevelopment 1976^
  2. "New division will advise retailers", Los Angeles Times, February 15, 1970 p.151.^
  3. 15 Mar 1970, Page 191 - The Los Angeles Times at Newspapers.com, 1970-03-15, retrieved 2022-06-05^
  4. Bullock's Will Open in Arizona Los Angeles Times, February 23, 1975^
  5. Bullock's Enters Arizona Market Los Angeles Times, March 20, 1977^
  6. Major stores at plaza cover wide range Los Angeles Times, February 13, 1981^
  7. M.C. Chaplin. Federated to Put Bullock's in Bay Area Los Angeles Times, January 20, 1971, retrieved July 5, 2017^
  8. Federated Stores Plans To Start New Division In San Francisco Area The Wall Street Journal, January 20, 1971, retrieved July 5, 2017^
  9. Federated Stores The New York Times, July 21, 1983^
  10. Nancy Yoshihara. Federated Plans to Sell Bullock's Stores in North Los Angeles Times, July 21, 1983, retrieved July 5, 2017^
  11. Jesus Sanchez. Campeau Gets Federated; Macy's to Buy Bullock's Los Angeles Times, April 2, 1988^
  12. Martha Groves. Bullock's Executives Said to Be Out in Big Reshuffling by Macy's Los Angeles Times, April 22, 1988^
  13. Martha Groves. Bullock's to Cut 25 Jobs, Move Ad Offices to Atlanta Los Angeles Times, November 12, 1988^
  14. Carla Lazzareschi. R.H. Macy Files for Bankruptcy: Retailing: Firm says it will conduct business as usual after taking Chapter 11 action in New York. No immediate store closures or layoffs are seen. Los Angeles Times, January 28, 1992^
  15. Martha Groves. Say Goodby [sic] to Bullocks Wilshire: The new owner will put the I. Magnin name on the venerable chain of elegant fashion stores. Los Angeles Times, October 5, 1989^
  16. George White, Patrick Lee. Closures by Macy Include Former Bullocks Wilshire: Retailing: The Art Deco landmark, which is now an I. Magnin, is among eight stores to close in California. Los Angeles Times, March 2, 1993^
  17. George White, Debra Gendel. Venerable I. Magnin to Pass Into History: Retailing: Macy Co. rejects offer by grandson of founder. Fashion Island store and seven others will close. Los Angeles Times, November 19, 1994^
  18. George White, Debra Gendel. Macy to Let I. Magnin Pass Into History: Retailing: Eight of the department stores will be closed and four converted. A grandson's offer for all 12 was not accepted. Los Angeles Times, November 19, 1994^
  19. Final Hurdle for Macy, Federated Deal Cleared: Reorganization: Merger of retailers will create nation's largest department store firm. Los Angeles Times, December 9, 1994^
  20. George White, Patrice Apodaca. All Bullock's Stores to Be Converted to Macy's Los Angeles Times, October 13, 1995^
  21. Devin T. Frick. Bullock's Department Store Arcadia Publishing, March 23, 2015^
  22. Bullock's Department Store Collection of Photographs: Finding Aid Online Archive of California, retrieved 21 October 2024^
  23. Nomination form for Broadway Theater and Historic District National Park Service - NRHP, retrieved 21 October 2024^
  24. "Bullock's Department Store #1, Downtown, Los Angeles, CA (1906-1907)", PCAD^
  25. Susan Moffat. Bullocks Wilshire Closes Doors Today Los Angeles Times, 13 April 1993, retrieved 28 April 2019^
  26. "Bullock's New Palm Springs Shop Cheerful", Los Angeles Times, 21 Nov 1930, p. 40 (part II, p. 20)^
  27. Bullock's to build new Westwood Village store Los Angeles Times, 5 Jan 1930, retrieved 28 April 2019^
  28. "Westwood Shop Opens Tomorrow", Los Angeles Times, 13 May 1932, p.28^
  29. “Bullock’s opens branch”, Los Angeles Times, 15 May 1933, section V page 3^
  30. Palm Springs Telephone Directory January 1964^
  31. Celebrating mid-century buildings in Palm Springs Desert Sun^
  32. PCAD - Bullock's Department Store #2, Palm Springs, CA Pacific Coast Architecture Database^
  33. "Lakewood History", City of Lakewood website retrieved 2019-04-28^
  34. Macy to Close 8 Stores; 1,850 Jobs Affected: Retail: The owner of the Bullock's and I. Magnin chains is eliminating its poor performers, including the Bullock's store in La Habra's Fashion Square. Los Angeles Times, May 21, 1992^
  35. LA HABRA: Old Bullock's to Be Razed for New Mall Los Angeles Times, June 20, 1995^
  36. Bullock's to Open in West Covina Pomona Progress-Bulletin, 1975-09-24^
  37. Advertisement for Bullock's Los Angeles Times, September 25, 1975^
  38. Alma Whitaker. Bullock's In Debut Today: New Wilshire Store, Marking Daring Experiment in Merchandising, Ready to Open Doors Los Angeles Times, September 26, 1929, retrieved July 5, 2017^
  39. Features: Palm Springs Now 'Wilshire' Women's Wear Daily, February 23, 1968^
  40. Bullock's Wilshire Now A Separate Business Women's Wear Daily, February 2, 1972^
  41. Store Merger in Final Stage Los Angeles Times, July 15, 1944, retrieved July 5, 2017^
  42. Federated Stores Starts Division at San Francisco The New York Times, January 20, 1971^
  43. Bullock Move Into Bay Area Is Confirmed: Bullock's Into Bay Area Women's Wear Daily, January 20, 1971^
  44. Ben Cohen. Bullock's North About To Sign For 2 New Stores In Bay Area: Middle Price Market Women's Wear Daily, June 11, 1971^
  45. Bullock's north now set for 2nd unit Women's Wear Daily, January 17, 1973^
  46. Bullock's North Opens 3rd Unit In California Women's Wear Daily, September 29, 1975^
  47. Ben Cohen. Bullock's sets first San Francisco unit: Stonestown is picked as site for store Women's Wear Daily, August 11, 1976^
  48. Bullock's North Under Construction Women's Wear Daily, February 8, 1977^
  49. San Mateo Mall Completed Los Angeles Times, May 2, 1982^
  50. Rob Golum. Federated Confirms Plans To Sell Bullock's Division Women's Wear Daily, July 21, 1983^
  51. Peter Hartlaub. Never mind the Bullock's: A tribute to Fashion Island in San Mateo San Francisco Chronicle, January 14, 2011^
  52. Martha Groves. Bullock's Woman: Specialty Retailer's New Store Has Chic Size-16 Set in Mind Los Angeles Times, March 6, 1987^
  53. Steve Ginsberg. Bullock's Plans 15-Store Chain For Large Sizes: Bullock's Launching Stores For Large Sizes Women's Wear Daily, March 5, 1987^
  54. Martha Groves. Bullock's Finds Its Large-Size Clothing Stores Are a Big Hit Los Angeles Times, September 13, 1987^
  55. Bullock's Woman To Open Calif. Unit Women's Wear Daily, September 9, 1987^
  56. Idelle Davidson. Style: Fashion: The Big Picture Los Angeles Times, July 26, 1992^
  57. Barbara DeWitt. Malls Celebrate Season With New Ambiance, Stores Los Angeles Daily News, November 5, 1992^