30 years since A&S vanished what went wrong??

On April 30,1995 was Abraham and Straus final day. The store founded in Brooklyn, NY was no more after 130 years in business end of an era in NY department store history. Most stores were converted to Macy’s and Stern’s immediately when the first day of May came while one converted to Bloomingdale’s which was their newest store at Roosevelt Field mall which opened in 1992 and extended their sales to clean house before the Bloomingdale’s touch came to that location. Meanwhile the Woodbridge store would be sold to Sears and opened later that year. What exactly happened??!! Macy’s merger with Federated department stores in 1994 meant changes where going to happen as that chain saved themselves from bankruptcy. As the new millennium was approaching, Macy’s got bigger knocking off regional chains of the Federated family such as Jordan Marsh and after 2000 Stern’s, Liberty House, Burdine’s, Rich’s, Lazarus, Filene’s and others and another big merger in the mid 20...