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Pay 'n Save was a company founded by M. Lamont Bean in Seattle, Washingtonmarker 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 Washingtonmarker.

Former subsidiaries

Bi-Mart
  • Bi-Mart is a chain of membership discount stores. Sold to Thrifty Corporation in 1988 and sold off to their employees in 2004. Still operating.
Ernst Home & Nursery
  • Ernst Home & Nursery was a chain of home improvement stores. Filed for bankruptcy in 1997 and liquidated.
  • Lamonts was a chain of family department stores. Filed for bankruptcy in 1995 and once more in 2000. Lamonts was acquired out of bankruptcy by Gottschalks.
  • Malmo Nursery was a chain of garden stores, which operated the garden centers at Ernst stores and several free standing stores. Liquidated when Ernst filed for bankruptcy in 1996.
  • Pay 'n Save Drug chain of drug stores. Sold to Thrifty Corporation in 1988 and then to Kmart which merged the chain with PayLess Drugs in 1992. PayLess Drug was later spun-off and merged into Rite Aid.
  • Price Savers Warehouse was a chain of wholesale clubs based in Ogden, Utahmarker. Sold to Kroger, then to Kmart who converted the stores to its PACE Membership Warehouse brand.In return Kmart sold PACE to Wal-Martmarker and was merged into Sam's Club.
  • Schuck's Auto Supply is a chain of auto parts stores. Formed into CSK Auto in the early 1990s. Purchased by O'Reilly Auto Parts on July 11, 2008 for approximately 1 billion dollars, also receiving 500 million of CKS's debt Now operating as Schuck's O'Reilly Auto Parts.
  • Sportswest was a chain of sporting goods stores. Sold to Big 5 Sporting Goods. Also operated in Lamonts stores for a little while.
  • Sportsland was a chain of sporting goods stores. Sold to Big 5 Sporting Goods. Alaska stores kept for a few years.
  • Von Tobels Home Centers was a chain of home improvement stores. Closed in 1988.
  • Yard Birds was a chain of discount stores. Sold to their employees and later closed in 1995 due after increasing competition from other major retailers.


References




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