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ivan@stellysee.de
| From | "Billy G. Spradlin" <bgspradlin@cablelynx.com> |
| Subject | Re: Top 5 Dead Department Store Chains |
| Date | Mon, 10 Feb 2003 16:59:20 -0600 |
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McCrory's stunk. I haven't seen them in the southwest since the Late 80's
when they took over TG&Y, reverted them back to the 5-&-10 stores, and
killed them off. McCory's will probably buy out K-mart and run them into
the ground. Even Dollar General and Family Dollar (which are growing very
quickly) have better merchandise than they did.
Im afraid K-Mart is going down the same path TG&Y did, They cant afford to
build new stores like Wal Mart and Target have and upgrade their merchandise.
Wal-Mart has been super aggressive building supercenters all over the
dammed place, running over other chains and forcing their stores into
neighborhoods where people dont want them. They have been building one here
in Kilgore TX (population 12,000) that will open next month and its a
monster. My mother will love it.
Billy
At 12:34 PM 2/10/03 -0500, you wrote:
>At 02:50 AM 2/10/2003 -0600, Billy G. Spradlin wrote:
> >Another chain I forgot to mention was Howards. Gibsons is still around here
> >and there. They still have a big store in Lawton Oklahoma. Dont remember
> >Newberrys - were they mainly an east coast based chain?
>
>Newberrys was/is owned by McCrorys, the same chain that owns Kress,
>McLellans, Ben Franklin and (as of 1986) TG&Y. Their MO is to buy failing
>variety store chains, turn their merchandise mix into something maybe half
>a step above a dollar store and then run them into the ground through
>corporate incompetence until they're forced to close.
>
>Stewart, whose dad worked for TG&Y and is still bitter about how they
>ruined a great chain
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