The company was purchased in 1928 by Albert M. Greenfield's Bankers Securities Corporation and was eventually merged into its City Stores Company – now CSS Industries, Inc. – a retail holding company consisting of stores located in urban centers throughout the south and east, such as the W & J Sloane furniture store, and the Washington, D.C.–based department store chain Lansburgh's. In 1962, they purchased the suburban locations of Snellenburg's, another Philadelphia department store chain owned by Bankers Securities Corporation, which was closed in 1963. The Lit Brothers chain subsequently closed in 1977.