Pay 'n Save

Pay 'n Save

Infobox_Defunct_Company
company_name = Pay 'n Save Stores, Inc.
company_
company_type = Company
foundation = 1941
defunct = 1988
fate = Acquired by Thrifty PayLess
location = Seattle, Washington
industry = Retail
products = Pharmacy, Liquor, Cosmetics, Health and Beauty Aids, General Merchandise, Snacks, 1 Hour Photo
homepage = 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 its chains in one shopping center. It was most popular in Washington.

ubsidiaries

Home Centers

*Ernst Home & Nursery: Filed for bankruptcy in 1996 and liquidated.
*Malmo Nursery: Owned by Ernst, closed in 1996.
*Von Tobels Home Centers: Closed in 1988.

porting 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.

Department Stores

*Lamonts: Filed for bankruptcy and acquired by Gottschalks in 1999. [ [http://www.findarticles.com/p/articles/mi_m0EIN/is_2000_April_24/ai_61626229 Lamonts to Sell Assets in Purchase Agreement With Gottschalks Inc.] ]

Membership Stores

*Price Savers Warehouse: Sold to Kroger, then to PACE Wholesale Club [ [http://www.findarticles.com/p/articles/mi_m3092/is_n1_v30/ai_9348196 Pace acquires Price Savers in club's ongoing contraction] ] , which in return was sold to Wal-Mart and merged in Sam's Club.
*Bi-Mart: Sold to Thrifty Corporation [ [http://www.findarticles.com/p/articles/mi_m3092/is_n12_v27/ai_6425332 Thrifty buys Bi-Mart, Pay 'n Save in $232M deal] ] in 1988 and sold off to their employees in 2004. Still operating.

Drug & Variety

*Pay 'n Save Drugs: Sold to Thrifty Corporation in 1988, then to PayLess Drugs in 1992 [ [http://www.findarticles.com/p/articles/mi_m3092/is_n12_v31/ai_12379755 Kmart's PayLess inks deal to buy Pay'n Save] ] , which in return was sold and merged into Rite Aid in 1996.
*Yard Birds: Became employee-owned. Closed in 1995 due after facing competition from retailers such as Wal-Mart and Fred Meyer.

Auto Supplies

*Schuck's Auto Supply: Part of CSK Auto. Still operating.

Pay N Save

A unrelated chain, Pay N Save, operated in Phoenix, Arizona as a small chain of discount tools and home products. The chain was owned by CSK Auto (which was formerly the Pay 'n Save subsidiary Schuck's Auto Supply) and retained the right to the Pay N Save name. These Pay N Save stores liquidated and closed on August 26, 2007.

References


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