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King's (defunct discount store)

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King's Department Stores was a chain of discount stores in the Eastern United States. The chain started in 1956, in Brockton, Massachusetts. They expanded to 187 stores (three stores operated in the Buffalo, New York area[1]).[2] In 1978, they purchased the bankrupt Mammoth Mart chain.[2] In that same year, the company had a proposed merger W.R. Grace, which would have added $325 million in sales revenue to Grace after the merger. However, in June of 1978, the merger was called off.[3]

IndustryRetail
Defunct1984
Quick facts Type, Industry ...
King's
TypeDiscount store
IndustryRetail
FoundedBrockton, Massachusetts; 1956
Defunct1984
FateBankruptcy; all locations sold to Ames
SuccessorAmes (1984-2002)
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Because of the economic downturn and the debt from the Mammoth purchase, they filed for Chapter 11 bankruptcy in 1982.[2] In 1984, Ames Department Stores purchased the chain and converted most of them into Ames stores.[2] Ames went out of business in 2002.[2]

Retail chains acquired by King's

  • Sandy's Discount Stores (1966)
  • Welles (1973)

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