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echo: electronics
to: MIKE ROSS
from: Bob Ackley
date: 2003-01-31 07:52:28
subject: RTL/DTL ETC

Replying to a message of MIKE ROSS to Roy J. Tellason:

 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
 RJT>> McCrory (?) store that's now gone,  but before they did the lunch
 RJT>> counter went.  I can still remember the Woolworth's I used to go to
 RJT>> as a kid, right next to a W. T. Grant,  a similar chain.  Both long
 RJT>> gone...

 MR> I think what typically happens is that the original founder having
 MR> become successful with one store then starts building a chain. After
 MR> the founder dies the family basically runs the chain into the ground
 MR> out of disinterest and neglect. The chain is then ripe to pick up for
 MR> a song by some offshore corporate conglomerate that owns other
 MR> competing store names. 

W.T.Grant, Woolworth's, Montgomery Ward and S.S.Kresge (now K-Mart) being
notable examples, and (thus far) Wal-Mart, J.C.Penney and Sears (formerly
Sears & Roebuck) being the exceptions.

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* Origin: Bob's Soapbox, Plattsmouth, Nebraska, USA (1:379/103.104)
SEEN-BY: 633/267 270
@PATH: 379/103 1 633/267

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