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Lamonts Apparel Inc history
Lamonts Apparel Inc company history timeline
The success of the first three clothing shops prompted the company to expand with a fourth store in Spokane, Washington, in 1970.
Believing that some of Pay 'n Save's companies were performing below their potential, brothers Julius and Eddie Trump (no relation to New York mogul Donald Trump) purchased a controlling interest in the corporation in 1984.
Aris had started out in 1985 as Texstyrene Corporation.
That company had lost $41 million in 1986.
The new company divested the assets of the styrene business and changed its name to Aris Corporation late in 1988.
Lamonts restructured its financing in 1992 in an effort to reduce the hemorrhage of cash related to its debt service.
After posting a net loss of $10.8 million in 1993, the company began scrambling to reorganize and slow its move toward insolvency.
The company hoped to emerge from bankruptcy within 12 to 18 months. It also announced plans to close some of the approximately 48 stores that it was operating in early 1995, about half of which were located in Washington.
As of December, it had more than 90 million users and more than 1 million content creators, up from 120,000 in 2019.
Daily coronavirus updates: Connecticut’s positivity rate below 1% for second consecutive day May 21, 2021 Daily coronavirus updates: Connecticut reports COVID-19 positivity rate below 1% for first time since September May 20, 2021
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Lamonts Apparel Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Bon-Ton | 1898 | $2.7B | 23,300 | 15 |
| Jo-Ann Stores | 1943 | - | 23,000 | 36 |
| Nordstrom | 1901 | $15.0B | 74,000 | 1,536 |
| Kohl's | 1962 | $16.2B | 110,000 | 1,610 |
| Dillard's | 1938 | $6.6B | 40,000 | 19 |
| Hugo Boss | 1924 | $2.0M | 14 | 226 |
| Right On Casuals | - | $24.0M | 165 | - |
| Peninsula Beauty Supply | - | $11.1M | 20 | - |
| Hollywood Feed | 2006 | $14.0M | 235 | - |
| Wasteland | 1986 | $1.2M | 25 | - |
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Lamonts Apparel Inc may also be known as or be related to Lamonts and Lamonts Apparel Inc.