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)
“Families suffered badly under industrialization, but they survived, and the lives of men, women, and children improved. Children, once marginal and exploited figures, have moved to a position of greater protection and respect,... The historic decline in the overall death rates for children is an astonishing social fact, notwithstanding the disgraceful infant mortality figures for the poor and minorities. Like the decline in death from childbirth for women, this is a stunning achievement.”
—Joseph Featherstone (20th century)