Pay 'n Save
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| Pay 'n Save Stores, Inc. | |
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| Type | Company |
|---|---|
| Founded | 1941 |
| Headquarters | Seattle, Washington |
| Industry | Retail |
| Products | Pharmacy, Liquor, Cosmetics, Health and Beauty Aids, General Merchandise, Snacks, 1 Hour Photo |
| Website | None |
Pay 'n Save was a company founded by M. Lamont Bean in Seattle, Washington in 1941. The company was broken up in 1988 when Thrifty Corporation acquired the company. The split caused most of the company's subsidiaries to be sold to other companies or forced into bankruptcy.
Pay 'n Save is known for putting two of it's chains in one shopping center. The fad was popular in Washington.
Contents |
[edit] Subsidiaries
[edit] Home Centers
- Ernst Home & Nursery: Filed for bankruptcy in 1996 and called it quits.[1]
- Malmo Nursery: Owned by Ernst, closed in 1996.
- Von Tobels Home Centers: Closed in 1988.
[edit] Sporting Goods
- Sportswest: Sold to Big 5 Sporting Goods. Also operated in Lamonts stores for a little while.
- Sportsland: Sold to Big 5 Sporting Goods. Alaska stores kept for a few years.
[edit] Department Stores
- Lamonts: Acquired by Gottschalks in 1999.[2]
[edit] Membership Stores
- Price Savers Warehouse: Sold to Kroger, then to PACE Wholesale Club[3], which was sold to Wal-Mart for Sam's Club.
- Bi-Mart: Sold to Thrifty Corporation[4] in 1988 and sold off to their employees in 2004, still around.
[edit] Drug & Variety
- Pay 'n Save Drugs: Sold to Thrifty Corporation in 1988, then to PayLess Drugs in 1992[5], which was sold to Rite Aid in 1996.
- Yard Birds: Became employee owned, closed due to competition from retailers such as Wal-Mart and Fred Meyer.
[edit] Auto Supplies
- Schuck's Auto Supply: Split off to form CSK Auto, still around.
[edit] Pay N Save
An unrelated Pay N Save chain operates in Phoenix, Arizona, as a small chain of discount tools and home products. However the chain is owned by former Pay 'n Save subsidiary Schuck's Auto Supply's parent company CSK Auto.
[edit] References
- ^ Ernst Selling All Its Stores, Finally Going Out Of Business -- Seattle Chain Unable To Survive Competition
- ^ Lamonts to Sell Assets in Purchase Agreement With Gottschalks Inc.
- ^ Pace acquires Price Savers in club's ongoing contraction
- ^ Thrifty buys Bi-Mart, Pay 'n Save in $232M deal
- ^ Kmart's PayLess inks deal to buy Pay'n Save
