 In 1986, Campeau Corp. acquired Allied, and in turn sold the Garfinkel's chain to locally owned Raleigh's for $95 million, forming Garfinkel's, Raleigh's & Co.

Garfinkel's grew and expanded into a chain of stores, but was eventually pushed into financial collapse due to a series of mergers and acquisitions.On June 21, 1990, the company filed for Chapter 11 bankruptcy by its chairman and CEO George P. Kelly and went out of business.In 1918, the store was located at 13th and F Streets.