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Transcript: Profile: Montgomery Ward to close after 128 years of business
- Article from:
- NPR Morning Edition
- Article date:
- December 29, 2000
- Author:
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Profile: Montgomery Ward to close after 128 years of business
Host: BOB EDWARDS
Time: 11:00 AM-12:00 Noon
BOB EDWARDS, host:
Montgomery Ward, the department store chain which helped pioneer American
retailing, says it will close after 128 years of business. The announcement
means 250 Ward's stores across the country will close their doors
over the next few months, and at least 28,000 employees will lose
jobs. NPR's Cheryl Corley reports from Chicago.
CHERYL CORLEY reporting:
Montgomery Ward officials said the decision to call it quits was unavoidable.
The company, which just last year emerged from Chapter 11 bankruptcy,
had hoped sales would ...