http://en.wikipedia.org/wiki/Thrifty_PayLess
http://www.fundinguniverse.com/company-histories/Thrifty-PayLess-Inc-Company-History.htm
Thrifty began as Borun Bros, a wholesaling business in sundries
and proprietary drugs that was incorporated in 1919. The Borun brothers,
Harry and Robert, and their brother-in-law Norman Levin
opened their first retail drug store in Los Angeles in 1929, and in 1935
they reorganized the business as Thrifty Drug Stores Co, Incorporated.
By 1945, the year it went public, Thrifty had 63 drug stores in southern
California, principally in the Los Angeles area. Thrifty's stores offered
broad selection--stocked items included liquor, electrical appliances, and
sporting goods--and also had extensive soda fountain and restaurant
facilities. Some of the merchandise was marketed under trade names that
Thrifty owned, and some was manufactured by Borun Bros, now a subsidiary. In
the postwar period, Thrifty continued to thrive. In 1964, when the company
had grown to 238 stores, sales and earnings had risen for each of the past
ten years. After generating nearly all of its growth internally, in 1971
Thrifty bought the Big 5 chain from United Merchandising Corp. of Los
Angeles; the chain had 18 stores, most of which were in California.
Now the company is named Thrifty PayLess, when in 1994 when
TCH Corporation, the parent company of Thrifty Corporation and
Thrifty Drug Stores, Inc, acquired the Kmart subsidiary
PayLess Northwest, Inc. |