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When Fred Hubbell ran Younkers, he reduced hours and closed multiple Younkers stores in rural Iowa. For Fred, it was a way to put more money into corporate board rooms, but for many Iowans it meant they were out of a job.

The loss of “two hours out of 36 or 38 hours is not much,” Hubbell said. “I’d think they should be happy they still have jobs.”
- Younkers, Kaleidoscope cut downtown D.M. store hours, Des Moines Register, April 19, 1986

 
 

“Younkers Store for Homes, the last full-line furniture store in downtown Des Moines, will be closed this spring and merged with its sister store at Merle Hay Mall.”
(Source: Gary Heinlein, “Downtown Store for Homes will close,” Des Moines Register, March 5, 1985)

EDITOR’S NOTE: Hubbell described this closure as “good news” because customers would be able to receive a “wider selection of home furnishings at a single convenient location… at Merle Hay.” Hubbell would close the Merle Hay store six years later.
(Source: Gary Heinlein, “Downtown Store for Homes will close,” Des Moines Register, March 5, 1985)

"The shutdown affects 66 full- and part-time jobs, although Gould said some employees might find work at other Younkers outlets."
(Source: Dale Kasler, “Younkers closing Store for Homes,” Des Moines Register, Aug. 10, 1991)

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In July 1990, when Hubbell was Chairman, Younkers announced plans to lay off 40 employees as “a general belt-tightening effort” – a fellow Younkers Executive called the job losses “Not something of real significance.”
(“Younkers plans belt-tightening, eyes 40 layoffs,” Des Moines Register, July 20, 1990)
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A few months later in December 1990, Younkers announced plans to close three stores, including two in rural Iowa – 60 jobs would be lost as a Younkers Executive said the company needed to focus on urban areas.
(Source: “Younkers plans to close three smallest stores,” Des Moines Register, December 28, 1990)
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Hubbell’s right-hand man at Younkers speaking about the store closures in rural Iowa: “The stores didn’t make enough money to justify the expense of keeping them open, said Younkers President Tom Gould. “They’re marginally profitable,” he said. “We feel it’s important that we focus our time, people and attention on our larger markets.
(Source: “Younkers plans to close three smallest stores,” Des Moines Register, December 28, 1990)

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After Iowans were fired, Hubbell got a $90,000 dollar raise. Don't take our word for it, independent fact checkers at the Cedar Rapids Gazette rated this claim an "A."
https://www.thegazette.com/factchecker/fact-checker-reynolds-ad-claims-hubbell-closed-younkers-stores-got-a-raise-20180727


STAND UP TO FRED

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