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:
“Our achievements speak for themselves. What we have to keep track of are our failures, discouragements, and doubts. We tend to forget the past difficulties, the many false starts, and the painful groping. We see our past achievements as the end result of a clean forward thrust, and our present difficulties as signs of decline and decay.”
—Eric Hoffer (1902–1983)
“The decline of the aperitif may well be one of the most depressing phenomena of our time.”
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