P.M. Place Stores
Encyclopedia
P.M. Place Stores, also known as Place's Discount Stores was a Bethany, Missouri
-based, employee-owned chain of discount store
s in the United States
. The company primarily operated in towns with a population of 1,500 to 4,000 people in Illinois, Iowa, Kansas, and Missouri.
. Place financed his company by selling his horse, saddle, and bridle, and collected his savings to buy goods to stock his shelves.
Place's attempted to grow to 75 stores by the end of 2002 but was bought by ShopKo in 2000 with a store count of 49. ShopKo converted these stores into Pamida
stores.
At the time of assimilation into Pamida, Place's president and CEO was Charles M. Place. Charles Patterson "Pat" Place had previously been in charge of the company.
In an effort to streamline Pamida's distribution operations, the Bethany cross-dock facility, formerly the Place's warehouse, was closed in early 2002.
Bethany, Missouri
Bethany is a city in and the county seat of Harrison County, Missouri, United States. The population was 3,087 at the 2000 census.-Bethany Falls Limestone:...
-based, employee-owned chain of discount store
Discount store
A discount store is a type of department store, which sells products at prices lower than those asked by traditional retail outlets. Most discount department stores offer a wide assortment of goods; others specialize in such merchandise as jewelry, electronic equipment, or electrical appliances...
s in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. The company primarily operated in towns with a population of 1,500 to 4,000 people in Illinois, Iowa, Kansas, and Missouri.
Origins
P.M. Place Stores was founded in 1910 by Pryor M. Place in Lathrop, MissouriLathrop, Missouri
Lathrop is a city in Clinton County, Missouri, United States. The population was 2,092 at the 2000 census.-Geography:Lathrop is located at .According to the United States Census Bureau, the city has a total area of , all of it land....
. Place financed his company by selling his horse, saddle, and bridle, and collected his savings to buy goods to stock his shelves.
Store format
Place's stores carried the same departments as larger discount stores except on a smaller scale. Stores ranged from around 16000 sq ft (1,486.4 m²). to 27000 sq ft (2,508.4 m²). Their prominent slogan was "The Best of All... Places" which could be heard on a recording that would repeatedly play in their stores amongst music and announcement of the latest sale items.Expansion
In 1985 the company expanded through the acquisition of Matco/Mattingly stores, a Lexington, Missouri based chain of discount stores.Place's attempted to grow to 75 stores by the end of 2002 but was bought by ShopKo in 2000 with a store count of 49. ShopKo converted these stores into Pamida
Pamida
Pamida is 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...
stores.
At the time of assimilation into Pamida, Place's president and CEO was Charles M. Place. Charles Patterson "Pat" Place had previously been in charge of the company.
In an effort to streamline Pamida's distribution operations, the Bethany cross-dock facility, formerly the Place's warehouse, was closed in early 2002.