Pamida: Difference between revisions
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== History == |
== History == |
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[[Image:Pamida.jpg|thumb|left|250px|A typical Pamida store in [[Smithville, Tennessee]].]] |
[[Image:Pamida.jpg|thumb|left|250px|A typical Pamida store in [[Smithville, Tennessee]].]] |
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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 |
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 a [[Gibson's Discount Center]] franchise. A second store soon followed in [[Oskaloosa, Iowa]], and the stores quickly expanded throughout the Midwest. Pamida Inc. -- named 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> -- became the biggest 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= |location= |publisher=Wiley |page=92 |isbn=978-0471332022}}</ref> By the late 1970s, however, Pamida was withdrawing from Gibson's and opening stores under its own name. |
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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> According to an article in the Milwaukee Business Journal dated January 4, 2012, [[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. The stores in [[Sparta, Michigan]], [[Litchfield, Minnesota]], [[Ontonagon, Michigan]], [[Albia, 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 |accessdate=2007-08-11 |date=1994-09-05 |work=Discount Store News | first=Jeffrey | last=Arlen}}</ref> According to an article in the Milwaukee Business Journal dated January 4, 2012, [[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. The stores in [[Sparta, Michigan]], [[Litchfield, Minnesota]], [[Ontonagon, Michigan]], [[Albia, Iowa]], [[Corydon, Iowa]], and [[Mount Vernon, Missouri]] were closed instead of converting to Shopko Hometown.<ref>http://www.gcdailyworld.com/story/1822943.html</ref> |
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Revision as of 07:20, 17 December 2017
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| Company type | Private |
|---|---|
| Industry | Retail |
| Founded | 1963 |
| Defunct | 2012 |
| Fate | Merged with Shopko |
| Headquarters | Omaha, Nebraska, United States |
Number of locations | 175+ |
| Products | Clothing, footwear, bedding, furniture, jewelry, beauty products, electronics, market, housewares, pharmacy. |
| Owner | Sun 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. Pamida stores were 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 D. J. (Jim) Witherspoon's three sons: Pat, Mike, and David.
History
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 a Gibson's Discount Center franchise. A second store soon followed in Oskaloosa, Iowa, and the stores quickly expanded throughout the Midwest. Pamida Inc. -- named after Witherspoon's children Pat, Mike, and David[1] -- became the biggest Gibson's franchisee, operating 74 stores.[2] By the late 1970s, however, Pamida was withdrawing from Gibson's and opening stores under its own name.
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.[3] According to an article in the Milwaukee Business Journal dated January 4, 2012, ShopKo Stores, Inc. purchased Pamida and began operating the company as a division within the company. In 2000, ShopKo Stores, Inc. acquired 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.[1] 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. The stores in Sparta, Michigan, Litchfield, Minnesota, Ontonagon, Michigan, Albia, Iowa, Corydon, Iowa, and Mount Vernon, Missouri were closed instead of converting to Shopko Hometown.[4]
Gallery
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Pamida store in Attica, Indiana -
First Pamida Store (Knoxville, Iowa)
References
- ^ a b Pamida - Your Hometown Store
- ^ Fridson, Martin S. (1999). How to be a Billionaire: Proven Strategies from the Titans of Wealth. Wiley. p. 92. ISBN 978-0471332022.
- ^ Arlen, Jeffrey (1994-09-05). "Positioning Pamida - Apparel Merchandising Supplement - Company Profile - Cover Story". Discount Store News. Retrieved 2007-08-11.
- ^ http://www.gcdailyworld.com/story/1822943.html