Decline and Shutdown
Owned by the Dunlaps Store chain based in Texas in its last years (starting around 1993), and operated as "PMB, Inc.--a Division of Dunlaps", the chain found itself flustered with new competition as many regional and national chains started to open units in Maine, New Hampshire and Vermont communities where Porteous previously had carved out its niche in the mid-market department store business. The chain started to shut down in the mid-1990s, closing its Newington NH, and South Portland ME stores, and was completely shuttered by 2003 when its last store in Presque Isle closed.
Read more about this topic: Porteous (store)
Famous quotes containing the words decline and and/or decline:
“Or else I thought her supernatural;
As though a sterner eye looked through her eye
On this foul world in its decline and fall,
On gangling stocks grown great, great stocks run dry,
Ancestral pearls all pitched into a sty,
Heroic reverie mocked by clown and knave....”
—William Butler Yeats (1865–1939)
“Where mass opinion dominates the government, there is a morbid derangement of the true functions of power. The derangement brings about the enfeeblement, verging on paralysis, of the capacity to govern. This breakdown in the constitutional order is the cause of the precipitate and catastrophic decline of Western society. It may, if it cannot be arrested and reversed, bring about the fall of the West.”
—Walter Lippmann (1889–1974)