NEW YORK — Adding another once gleaming nameplate to the department-store scrap heap, Goldblatt’s Department Stores, once a major Chicago retail force, has thrown in the towel.
Liquidation sales at the four remaining sites in Chicago — at 4700 South Ashland Avenue, 5630 West Belmont Avenue, 7538 South Stony Island Avenue and 125 West 87th Street — began on Monday, with the Great American Group conducting going-out-of-business sales. Three of the stores were operating under the Goldblatt Department Store nameplate, and the one at 125 West 87th Street was under the Goldblatt Bargain Store appellation.
Calls to company headquarters went unanswered. Patrick Kane was the retailer’s chief executive officer, while Lionel Goldblatt was its chairman.
A store manager at one of the retail sites, who declined to give his name, said that he and his staff found out about the store closures when the liquidation firm came in on Monday to begin GOB sales.
Two of the chain’s Chicago sites were closed in January, while GOB sales at other locations — Crest Hills and 7975 South Cicero Avenue in the Scottsdale Shopping Center — began last month and are still in progress. The two are expected to close next month. The four sites just slated for GOB sales are scheduled to go dark in May.
According to an analyst, the chain numbered 50-plus stores before going through a bankruptcy restructuring in the Eighties. Most of those stores were shuttered and, in 2000, Goldblatt’s sold seven of its then eight stores to Ames. When Ames exited the Chicago market, Goldblatt’s leased back some of its original sites, a few of which are now in the process of being liquidated.