his Zell/Chilmark Fund completed the reorganization of the newly renamed Broadway Stores, Inc., taking a 75 percent stake. The company finally emerged from bankruptcy in October 1992 and Hawley promptly announced his retirement. In early 1993, the three Utah-based Weinstock's stores were closed and the store leases were sold to Mervyns, Dillard's, and ZCMI. After the takeover by Zell, Hawley was replaced as CEO by David Dworkin. Dworkin tried to slow the outward flow of cash from the company by remodeling stores and streamlining operations. In June 1994, the shareholders of Carter Hawley Hale Stores, Inc. voted to change the name of the company to Broadway Stores, Inc. to symbolize a change in the ailing company, but it was too late to make a difference. The final blow came on August 8, 1995, when the firm's lenders announced they would not advance the company any additional funds - which were needed to pay suppliers for new, as well as existing inventory. A week later, the firm announced its sale to Federated Department Stores which effectively marked the beginning of the end to the remnant nameplates that the stores had operated under. The newly streamlined company was short-lived, however. In August 1995, Federated Department Stores agreed to acquire Broadway Stores. The acquisition was completed on October 12. The chain was dissolved in 1996 as Federated consolidated the former Broadway, Emporium and Weinstock's stores, along with its own Macy's California and Bullock's chains (acquired in 1994), to form Macy's West. Several duplicative units were sold to Sears or shuttered, while Federated also used the real estate of five stores (Emporium-Capwell Stanford Shopping Center, Broadway Sherman Oaks Fashion Square, Broadway Century City Shopping Center, Broadway Beverly Center, and Broadway Fashion Island Newport Beach) to finally bring its Bloomingdale's chain to the West Coast. On September 28, 2006, Emporium-Capwell's Market Street flagship was redeveloped to house another Bloomingdale's location as well as an expansion of the adjoining shopping center Westfield San Francisco Centre. In addition, the one-time CHH Corporate Offices in the former Superior Oil Company Building at 550 South Flower Street in Los Angeles, right next door to The California Club (of which Carter and Hawley were members), were converted into a three-star boutique hotel called "The Standard." Selected divisions Broadway The Broadway division was the largest department store division within the company. The division could trace its roots to the Broadway Department