 Read's operated in its hometown of Bridgeport until 1987 when Campeau Corp. of Canada, which had bought Allied Stores, merged it into Allied's sister division, Jordan Marsh of Boston, Massachusetts, and the stores subsequently took on the Jordan Marsh name.In 1988, Campeau acquired Federated Department Stores of Cincinnati, Ohio and operated it in conjunction with Allied, subsequently declaring bankruptcy in 1991.As a result of the overall decline of Bridgeport's downtown shopping area, the Lafayette Plaza store closed in 1989, and all but the Trumbull and Jefferson Valley stores were closed by 1992 under the Federated/Allied Stores bankruptcy filing.