P.M. Place Stores
From Wikipedia, the free encyclopedia
P.M. Place Stores, also known as Place's Discount Stores was an employee-owned chain of discount stores based out of Bethany, Missouri in the United States. The company mainly operated in towns with a population of 1,500 to 4,000 people.
Contents |
[edit] Origins
P.M. Place Stores was founded in 1910 by Pryor M. Place in Lathrop, Missouri. Place financed his company by selling his horse, saddle, and bridle, and collected his savings to buy goods to stock his shelves.[1]
[edit] Store format
Place's stores carried the same departments as larger discount stores except on a smaller scale. Stores ranged from around 16,000 sq. ft. to 27,000 sq. ft. Their prominent slogan was "The Best of All... Places" which could be heard on a recording that would repeatedly play in their stores amongst music and announcement of the latest sale items.
[edit] Expansion
In 1985 the company expanded through the acquisition of Matco/Mattingly stores, a Lexington, Missouri based chain of discount stores.
At the time of assimilation into Pamida, Place's president and CEO was Charles M. Place. His father, Pat Place, had previously been in charge of the company.
Place's attempted to grow to 75 stores by the end of 2002 but was bought by ShopKo in 2000 with a store count of 49. ShopKo converted these stores into Pamida stores.
In an effort to streamline Pamida's distribution operations, the Bethany cross-dock facility, formerly the Place's warehouse, was closed in early 2002.
[edit] References
 |
This article or section needs sources or references that appear in reliable, third-party publications. Primary sources and sources affiliated with the subject of the article are generally not sufficient for a Wikipedia article. Please include more appropriate citations from reliable sources, or discuss the issue on the talk page. This article has been tagged since December 2007. |
