Armstrong Department Store to Close Saddens Family Founder
Robert Armstrong, 93, founder son of the store on Second Avenue and Second Street SE, laments the closing of Armstrong's department store. His daughter Mimi Meffert chairs the board as the family reflects on decades of leadership, profitability, and service.
MENTIONED IN THIS ARTICLE
Tom Fruehling
Gazette
Robert Armstrong
Armstrong
Mimi Meffert
Armstrong's Department Store
Mimi
Armstrong's Files for Bankruptcy After 100th Anniversary
Armstrong's department store network with assets around 9.39 million seeks court protection as inventory liquidation by April Marcus Inc estimates 9.1 to 12 million in retail value. Bank secured creditor Merchants National expected to be paid in full with possible unsecured payouts. The store downsized sections at Kennedy Mall and Cedar Rapids store were part of cost cuts as sales declined. The filing follows years of attempts to merge with or sell to major chains including Dayton Hudson Younkers and Dillards and comes eight years after Killian's exit.
MENTIONED IN THIS ARTICLE
Armstrong
Laughlin
Dubuque
Kennedy Mall
Cedar Rapids
Dayton-Hudson
Minneapolis
Younkers
Des Moines
Dillards
Little Rock
Ark
Armstrong’s
Job Service of Iowa
Kirkwood Community College
Unsu
April- Marcus Inc
Chicago
April-Marcus
Armstrong's
Marcus
Merchants National
Allen Peremsky
Killian’s Department Store
Killian’s
Armstrong's closing shocks Cedar Rapids downtown
Community leaders and retailers react to Armstrong's exit from downtown Cedar Rapids. They warn of a hit to anchor downtown retail, higher vacancy risk, and slower real estate valuation while stressing efforts to support workers and keep the downtown vibrant. Local officials point to broader shifts from suburban malls and evolving shopping habits since the 1950s.
Also Mentioned on This Page
Coe College
Harvard Business School
Esther
Esther Armstrong
Dan Childers
Samuel G. Armstrong
J.F. Fletcher
Samuel
Robert
Margaritas
Vaprice
Iowa
Ill
HAWKS
Eddie
Air-Dyne
Hall Bicycle & Fitness
Brown
Waller
Abbott Lipsky
Smulekoffs Furniture Co
Lipsky
Smulekoff
Los Angeles
Riverside
Calif
Don Canney
Canney
Seifert
Lindale
Westdale
Joe Hladky
the Gazette
Tom Aller
Development Corp
Aller
Nick Gearhart
Greater Downtown Association
Jack Evans
SCI Financial Group
Priority One
Wal-Mart
Cedar Hills
NAACP
Election Commission
Brammer
Iowa House
Phil Brammer
Bramnames Benz
3Rd Ave
Ichina Hutch
Stratolounger
Simmons Bedding Sale Maxipedic
KING
Lane
Norwalk
Mikasa
Cen
Th . Ws
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