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.
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Famous quotes containing the word decline:
“The chief misery of the decline of the faculties, and a main cause of the irritability that often goes with it, is evidently the isolation, the lack of customary appreciation and influence, which only the rarest tact and thoughtfulness on the part of others can alleviate.”
—Charles Horton Cooley (1864–1929)