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.