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{{short description|Defunct American department store chain}}
{{Infobox company |
{{Infobox company
name = Pamida |
logo = [[Image:Pamida.png]] |
| name = Pamida
type = Private|
| logo = Pamida.png
fate = Merged with [[Shopko]]|
| type = Private
foundation = 1963 |
| fate = Merged with [[Shopko]]
| foundation = 1963
defunct = 2012 |
| defunct = 2012
location = [[Omaha, Nebraska]], [[United States]]|
| location = [[Omaha, Nebraska]], United States
locations = 175+|
| locations = 175+
industry = [[Retail]]|
| industry = [[Retail]]
slogan = "Far more. Close to home." |
products = Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, market, housewares, pharmacy.|
| products = Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, market, housewares, pharmacy.
owner = [[Sun Capital Partners, Inc.]]|
| owner = [[Sun Capital Partners, Inc.]]
homepage = [http://pamida.com/ pamida.com]|
}}
}}
'''Pamida''' {{IPAc-en|p|ə|ˈ|m|aɪ|d|ə}} was a chain of department stores with more than 175 locations in 16 Midwestern and West Central [[U.S. states]]. Pamida stores are generally located in smaller communities that range from 3,000 to 8,000 in population. The Pamida name represents the first two letters of the first names of co-founder Jim Witherspoon's three sons, Pat, Mike, and David.
'''Pamida''' {{IPAc-en|p|ə|ˈ|m|aɪ|d|ə}} was a chain of department stores with more than 175 locations in 16 Midwestern and West Central [[U.S. states]]. Founded by D.J. Witherspoon and Lee Wegener in 1963, Pamida stores were generally located in smaller, rural communities that range from 3,000 to 8,000 in population. The Pamida name represents the first two letters of the first names of co-founder D.J. (Jim) Witherspoon's three sons: '''Pa'''t, '''Mi'''ke, and '''Da'''vid.<ref name="Pamida - Your Hometown Store">{{cite web|url=http://www.pamida.com/about/history.asp|website=pamida.com|title=Pamida - Your Hometown Store|access-date=August 20, 2018|archive-url=https://web.archive.org/web/20040607050705/http://pamida.com/about/history.asp|archive-date=2004-06-07|url-status=dead}}</ref>


== History ==
== History ==
[[Image:Pamida.jpg|thumb|left|250px|A typical Pamida store in [[Smithville, Tennessee]].]]
[[File:Pamida outlet (Smithville, TN - 2006).jpg|thumb|250px|A typical Pamida store in [[Smithville, Tennessee]].]]
Pamida had its beginnings in a [[rack jobber]] business begun in 1938 by Jim Witherspoon, a company that by 1948 became known as NuWay Drug Service.<ref name="echoes">{{cite web|url=https://dc.swosu.edu/cgi/viewcontent.cgi?referer=https://www.google.com/&httpsredir=1&article=1084&context=echoes|publisher=Echoes From The Hill, [[Southwestern Oklahoma State University]] (reprint of [[Omaha World-Herald]] article)|title=Witherspoon Has Success Story|first=John|last=Taylor|date=October 1969|page=8|access-date=December 26, 2017}}</ref> The acquisition by Witherspoon of a distribution business in 1962 brought Lee Wegener into the company, and Pamida Inc. was founded as a holding company for Witherspoon's businesses.<ref name="echoes" /> In 1963, Witherspoon and Wegener opened their first discount retail outlet in [[Knoxville, Iowa]].<ref name="fundu">{{cite web|url=http://www.fundinguniverse.com/company-histories/pamida-holdings-corporation-history/|publisher=Funding Universe|title=Pamida Holdings Corporation History|access-date=December 17, 2017}}</ref> A second store soon followed in [[Oskaloosa, Iowa]], and the stores quickly expanded throughout the Midwest, mostly as franchises of [[Gibson's Discount Center]] but also under other names. Pamida became a public company in 1969.<ref name="fundu" /> Pamida eventually became the largest Gibson's franchisee, operating 74 stores.<ref name="Fridson">{{cite book |last=Fridson |first=Martin S. |date=1999 |title=How to be a Billionaire: Proven Strategies from the Titans of Wealth |url=https://archive.org/details/howtobebillionai00mart/page/92 |publisher=Wiley |page=[https://archive.org/details/howtobebillionai00mart/page/92 92] |isbn=978-0471332022 |url-access=registration }}</ref> By the late 1970s, however, Pamida was withdrawing from the Gibson's franchise, emphasizing the building of larger stores in its established markets over expansion into new markets, and branding its stores under the Pamida name.<ref name="fundu" />
Pamida had its beginnings in a service merchandise business begun in 1948 by Jim Witherspoon and Lee Wegener. Witherspoon and Wegener opened their first retail outlet in [[Knoxville, Iowa]] in 1963 as part of the Gibson Products Company. A second store soon followed in [[Oskaloosa, Iowa]], and the stores quickly expanded throughout the midwest. By the late 1970s, the stores were no longer associated with Gibson Products and began to be called "Pamida" after Witherspoon's children Pat, Mike, and David.<ref name="Pamida - Your Hometown Store">[http://www.pamida.com/about/history.asp Pamida - Your Hometown Store<!-- Bot generated title -->]</ref>


Witherspoon and Wegener sold Pamida in 1981 to employees, and in 1986 a unit of Citicorp acquired a controlling interest in the company. Several former [[Fisher's Big Wheel]] stores were also acquired in 1994.<ref>{{cite news |url=http://findarticles.com/p/articles/mi_m3092/is_n17_v33/ai_15805012 |title=Positioning Pamida - Apparel Merchandising Supplement - Company Profile - Cover Story |accessdate=2007-08-11 |date=1994-09-05 |work=Discount Store News | first=Jeffrey | last=Arlen}}</ref> In 1999, [[ShopKo Stores, Inc.]] purchased Pamida and began operating the company as a division within the company. In 2000, ShopKo Stores, Inc. acquired [[P.M. Place Stores|Place's]] and converted the stores into Pamida stores. In 2005, ShopKo Stores, Inc. was purchased by an affiliate of Sun Capital Partners, Inc., a private investment firm. In 2007, Pamida was separated from ShopKo, and subsequently reestablished its corporate headquarters in [[Omaha, Nebraska]].<ref name="Pamida - Your Hometown Store"/> On January 4, 2012, it was announced that Shopko and Pamida would merge and that all but six Pamida stores would be rebranded to Shopko Hometown stores.<ref>{{cite news|url=http://www.shopko.com/docs/company/news_media/Shopko-Pamida_Merger_Press_Release_FINAL.pdf}}</ref> The stores in [[Sparta, Michigan]], [[Ontonagon, Michigan]], [[Albia, Iowa]], [[Red Oak, Iowa]], [[Corydon, Iowa]], and [[Mount Vernon, Missouri]] were closed instead of converting to Shopko Hometown.<ref>http://www.gcdailyworld.com/story/1822943.html</ref>
Witherspoon and Wegener sold Pamida in 1981 to employees, and in 1986 a unit of [[Citicorp]] acquired a controlling interest in the company. Several former [[Fisher's Big Wheel]] stores were also acquired in 1994.<ref>{{cite news |url=http://findarticles.com/p/articles/mi_m3092/is_n17_v33/ai_15805012 |title=Positioning Pamida - Apparel Merchandising Supplement - Company Profile - Cover Story |access-date=August 11, 2007 |date=1994-09-05 |work=Discount Store News | first=Jeffrey | last=Arlen}}</ref> In 1999, [[Shopko Stores, Inc.]] purchased Pamida for $110&nbsp;million (~${{Format price|{{Inflation|index=US-GDP|value=110000000|start_year=1999}}}} in {{Inflation/year|US-GDP}}), operating it as a separate division within Shopko.<ref name="skopko-1">{{cite web|url=http://www.gcdailyworld.com/story/1822943.html|publisher=[[The New York Times]]/[[Dow Jones & Company|Dow Jones]]|title=COMPANY NEWS; SHOPKO STORES TO BUY PAMIDA, A RURAL MERCHANDISER|date=March 12, 1999|access-date=December 22, 2017}}</ref> In 2000, Shopko acquired Missouri-based discounter [[P.M. Place Stores]] and converted the Place's locations into Pamida stores. In 2005, Shopko was purchased by an affiliate of [[Sun Capital Partners, Inc.]], a private investment firm. In 2007, Pamida was separated from Shopko, and subsequently reestablished its corporate headquarters in [[Omaha, Nebraska]].<ref name="Pamida - Your Hometown Store"/> On January 4, 2012, it was announced that Shopko and Pamida would merge and that Pamida's stores would be rebranded as Shopko Hometown stores.<ref name="skopko-2">{{cite web|url=https://www.bizjournals.com/milwaukee/news/2012/01/04/shopko-pamida-stores-to-merge.html|publisher=Milwaukee Business Journal|title=Shopko, Pamida stores to merge|date=January 4, 2012|access-date=December 22, 2017}}</ref> Seven Pamida stores, in [[Sparta, Michigan]]; [[Litchfield, Minnesota]]; [[Ontonagon, Michigan]]; [[Albia, Iowa]]; [[Chelsea, Michigan]]; [[Corydon, Iowa]]; and [[Mount Vernon, Missouri]], were closed instead of converting to Shopko Hometown.<ref name="merger">{{cite web|url=http://www.gcdailyworld.com/story/1822943.html|publisher=[[Greene County Daily World]]|title=Pamida merger with Shopko is a done deal|first=Nick|last=Schneider|date=March 6, 2012|access-date=December 17, 2017}}</ref>


The Shopko Hometown stores closed in 2019 along with the rest of the chain with Shopko's bankruptcy and liquidation.<ref>{{cite web|url=https://www.chainstoreage.com/finance-0/shopko-to-liquidate/|title=Shopko to liquidate|date=March 18, 2019|website=Chain Store Age|access-date=June 2, 2019}}</ref>
⚫
[[Image:Pamida Attica.png|thumb|250px|right|Pamida store in [[Attica, Indiana]].]]

⚫
[[File:Knoxville Pamida 001.jpg|thumbnail|First Pamida Store (Knoxville, Iowa)]]
==Gallery==
<gallery mode=packed>
⚫
Image:Pamida Attica.png|Pamida store in [[Attica, Indiana]]
⚫
Image:Knoxville Pamida 001.jpg|First Pamida Store (Knoxville, Iowa)
</gallery>


==References==
==References==
{{reflist}}
{{reflist}}


⚫
[[Category:Retail companies established in 1963]]
==External links==
⚫
[[Category:Defunct discount stores of the United States]]
*[http://pamida.com/ Pamida]
⚫
[[Category:Defunct companies based in Omaha, Nebraska]]

{{Sun Capital Partners}}
* http://www.bizjournals.com/milwaukee/news/2012/01/04/shopko-pamida-stores-to-merge.html

⚫
[[Category:Companies established in 1963]]
⚫
[[Category:Discount stores of the United States]]
⚫
[[Category:Companies based in Omaha, Nebraska]]
[[Category:Private equity portfolio companies]]
[[Category:Private equity portfolio companies]]
[[Category:Companies disestablished in 2012]]
[[Category:Retail companies disestablished in 2012]]
[[Category:2012 mergers and acquisitions]]

Latest revision as of 04:50, 17 April 2024

Pamida
Company typePrivate
IndustryRetail
Founded1963
Defunct2012
FateMerged with Shopko
HeadquartersOmaha, Nebraska, United States
Number of locations
175+
ProductsClothing, footwear, bedding, furniture, jewelry, beauty products, electronics, market, housewares, pharmacy.
OwnerSun Capital Partners, Inc.

Pamida /pəˈmaɪdə/ was a chain of department stores with more than 175 locations in 16 Midwestern and West Central U.S. states. Founded by D.J. Witherspoon and Lee Wegener in 1963, Pamida stores were generally located in smaller, rural communities that range from 3,000 to 8,000 in population. The Pamida name represents the first two letters of the first names of co-founder D.J. (Jim) Witherspoon's three sons: Pat, Mike, and David.[1]

History[edit]

A typical Pamida store in Smithville, Tennessee.

Pamida had its beginnings in a rack jobber business begun in 1938 by Jim Witherspoon, a company that by 1948 became known as NuWay Drug Service.[2] The acquisition by Witherspoon of a distribution business in 1962 brought Lee Wegener into the company, and Pamida Inc. was founded as a holding company for Witherspoon's businesses.[2] In 1963, Witherspoon and Wegener opened their first discount retail outlet in Knoxville, Iowa.[3] A second store soon followed in Oskaloosa, Iowa, and the stores quickly expanded throughout the Midwest, mostly as franchises of Gibson's Discount Center but also under other names. Pamida became a public company in 1969.[3] Pamida eventually became the largest Gibson's franchisee, operating 74 stores.[4] By the late 1970s, however, Pamida was withdrawing from the Gibson's franchise, emphasizing the building of larger stores in its established markets over expansion into new markets, and branding its stores under the Pamida name.[3]

Witherspoon and Wegener sold Pamida in 1981 to employees, and in 1986 a unit of Citicorp acquired a controlling interest in the company. Several former Fisher's Big Wheel stores were also acquired in 1994.[5] In 1999, Shopko Stores, Inc. purchased Pamida for $110 million (~$189 million in 2023), operating it as a separate division within Shopko.[6] In 2000, Shopko acquired Missouri-based discounter P.M. Place Stores and converted the Place's locations into Pamida stores. In 2005, Shopko was purchased by an affiliate of Sun Capital Partners, Inc., a private investment firm. In 2007, Pamida was separated from Shopko, and subsequently reestablished its corporate headquarters in Omaha, Nebraska.[1] On January 4, 2012, it was announced that Shopko and Pamida would merge and that Pamida's stores would be rebranded as Shopko Hometown stores.[7] Seven Pamida stores, in Sparta, Michigan; Litchfield, Minnesota; Ontonagon, Michigan; Albia, Iowa; Chelsea, Michigan; Corydon, Iowa; and Mount Vernon, Missouri, were closed instead of converting to Shopko Hometown.[8]

The Shopko Hometown stores closed in 2019 along with the rest of the chain with Shopko's bankruptcy and liquidation.[9]

Gallery[edit]

References[edit]

  1. ^ a b "Pamida - Your Hometown Store". pamida.com. Archived from the original on 2004-06-07. Retrieved August 20, 2018.
  2. ^ a b Taylor, John (October 1969). "Witherspoon Has Success Story". Echoes From The Hill, Southwestern Oklahoma State University (reprint of Omaha World-Herald article). p. 8. Retrieved December 26, 2017.
  3. ^ a b c "Pamida Holdings Corporation History". Funding Universe. Retrieved December 17, 2017.
  4. ^ Fridson, Martin S. (1999). How to be a Billionaire: Proven Strategies from the Titans of Wealth. Wiley. p. 92. ISBN 978-0471332022.
  5. ^ Arlen, Jeffrey (1994-09-05). "Positioning Pamida - Apparel Merchandising Supplement - Company Profile - Cover Story". Discount Store News. Retrieved August 11, 2007.
  6. ^ "COMPANY NEWS; SHOPKO STORES TO BUY PAMIDA, A RURAL MERCHANDISER". The New York Times/Dow Jones. March 12, 1999. Retrieved December 22, 2017.
  7. ^ "Shopko, Pamida stores to merge". Milwaukee Business Journal. January 4, 2012. Retrieved December 22, 2017.
  8. ^ Schneider, Nick (March 6, 2012). "Pamida merger with Shopko is a done deal". Greene County Daily World. Retrieved December 17, 2017.
  9. ^ "Shopko to liquidate". Chain Store Age. March 18, 2019. Retrieved June 2, 2019.
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