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Despite a recent corporate shakeup and declining profit margin that have plagued the chain for several years, the Campbell Mervyn's has no plans to shut its doors any time in the near future.
On July 29, Target Corp. announced it was selling the Mervyn's chain to a group of private investment firms, including Sun Capital Partners Inc., an equity investment firm that focuses on leveraged buyouts. After the sales transaction is completed, which Target Corp. spokeswoman Carolyn Brookter said will be sometime in the third quarter of 2004, Mervyn's plans to continue operating from its headquarters in Hayward.
Both the Campbell Mervyn's, located at 950 W. Hamilton Ave., and corporate headquarters referred questions to the Target Corp. public relations department.
Brookter said, "Nothing has changed and nothing is changing at the Campbell store. It's business as usual until the sales transaction closes."
The retail chain began business in 1949 when founder Mervin Morris opened a two-employee store in San Lorenzo. The Campbell Mervyn's opened in 1973. Dayton Hudson Co., the parent company of Target, acquired the department stores in 1978.
After more than 30 years in business, Campbell's Mervyn's franchise still has devoted customers.
Long-time Mervyn's shopper Adelle Smith trekked over from San Jose to cruise the racks at the Campbell location. "I like the prices, the people are nice," she said. "I don't want to see anything change."
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