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According to The Motley Fool, the Montgomery Ward department store chain went out of business in 2001. In 2007, a catalog-and-Internet business operating under the name "Wards" opened under the ownership of Direct Marketing Services, Inc.
Source:
The Motley Fool: Montgomery Wards Closes for Good
Deseret News: Montgomery Ward Brand Name is Back as an Internet and Catalog Retailer
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