"Roy J. Tellason" wrote to "JAY EMRIE" (26 Jan 03  04:06:28)
 --- on the topic of "RTL/DTL ETC"

 RJT> JAY EMRIE wrote in a message to ROY J. TELLASON:
 RJT>Woolworth's is a supermarket chain there?  They were (before they closed
 JE> down
 RJT>entirely) something else entirely here...   And they bought up both those
 JE> other
 RJT>outfits?  Weird!

 JE> Originally Woolworths was a dime store here - correct?

 RJT> We called 'em a "five and ten",  probably the same sort of thing
 RJT> you're talking about.  The last one of those around here was a McCrory
 RJT> (?) store that's now gone,  but before they did the lunch counter
 RJT> went.  I can still remember the Woolworth's I used to go to as a kid,
 RJT> right next to a W. T. Grant,  a similar chain.  Both long gone...

I think what typically happens is that the original founder having
become successful with one store then starts building a chain. After the
founder dies the family basically runs the chain into the ground out of
disinterest and neglect. The chain is then ripe to pick up for a song by
some offshore corporate conglomerate that owns other competing store
names. A few years on and they close the original chain since it no
longer fit the evolving corporate vision and didn't have the returns
that were expected. Besides the original agenda of the purchase was
really land speculation all along since most of those old store chains
were in prime downtown locations and the land value was worth way more.

 Mike
 ****

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