On May 31, 1992, Frederick & Nelson, Seattle's premier department store, goes out of business. Five stores close and 1,800 employees are laid off. The chain had filed for bankruptcy on September 16, 1991, and the liquidation of assets began on February 16, 1992.
The building in downtown Seattle at 5th Avenue and Pike Street, which housed the main store since 1918, was eventually sold to Nordstrom. Nordstrom opened its new downtown store in 1998.
HistoryLink.org Online Encyclopedia of Washington State History, "Frederick & Nelson," (by David Wilma), http://www.historylink.org/ (accessed May 26, 2002).
Note: This essay was updated on June 1, 2003.
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