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P.M. Place Stores
P.M. Place Stores, also known as Place's Discount Stores was a Bethany, Missouri-based, employee-owned chain of discount stores 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. Origins P.M. Place Stores was founded in 1910 by Pryor M. Place in Lathrop, Missouri. 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 . to . 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 ...
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Employee-owned
Employee stock ownership, or employee share ownership, is where a company's employees own shares in that company (or in the parent company of a group of companies). US employees typically acquire shares through a share option plan. In the UK, Employee Share Purchase Plans are common, wherein deductions are made from an employee's salary to purchase shares over time. In Australia it is common to have all employee plans that provide employees with $1,000 worth of shares on a tax free basis. Such plans may be selective or all-employee plans. Selective plans are typically only made available to senior executives. All-employee plans offer participation to all employees (subject to certain qualifying conditions such as a minimum length of service). Most corporations use stock ownership plans as a form of an employee benefit. Plans in public companies generally limit the total number or the percentage of the company's stock that may be acquired by employees under a plan. Compared with ...
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Lathrop, Missouri
Lathrop is a city in Clinton County, Missouri, Clinton County, Missouri, and is part of the Kansas City metropolitan area within the United States. The population was 2,086 at the 2010 United States Census, 2010 census. History Lathrop was platted in 1867 as a stop on the Cameron Cutoff Branch of the Hannibal and St. Joseph Railroad. It was named for John L. Lathrop, treasurer for the railroad. A post office called Lathrop has been in operation since 1868. In the early 1900s it was considered the "Mule Capital of the World" after the firm of Guyton and Harrington sold 180,000 mules and 170,000 horses to the British Army during World War I. The cousins J.D. Guyton and W.R. Harrington owned 4,700 acres near Lathrop. They also supplied mules to the British during the Boer War. Among the facilities in Lathrop were three barns stabling 1,000 mules each and a 496 foot long hay barn. The British had a formal contract for a remount station in Lathrop. The business had facilities at ...
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Bethany, Missouri
Bethany is a city in, and the county seat of, Harrison County, Missouri, United States, approximately midway between Kansas City and Des Moines on Interstate 35. The population was 2,915 at the 2020 census. History The settlement of Harrison County began ''circa'' 1838, although the land was not surveyed and opened for entry until 1842. The county is named after Albert C. Harrison, a 19th-century Missouri political figure. Many of the early settlers to the area homesteaded along Sugar Creek and in the Bethany area. Three commissioners deliberated for several days to determine a site for the county seat, and voted to site it in the southern part of the county. The original name of the community was Dallas. In June 1845, John S. Allen was appointed to survey the town into lots and offer the same for sale. The plat, covering 19 acres (7.7 hectare), was completed on June 27, 1845. The first home constructed in the community was built by John S. Allen. Although built as a residence, ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Discount Store
A discount store or discounter offers a retail format in which products are sold at prices that are in principle lower than an actual or supposed "full retail price". Discounters rely on bulk purchasing and efficient distribution to keep down costs. Types (United States) Discount stores in the United States may be classified into different types: Hypermarkets (superstores) Discount superstores such as Walmart or Target sell general merchandise in a big-box store; many have a full grocery selection and are thus hypermarkets, though that term is not generally used in North America. In the 1960s and 1970s the term "discount department store" was used, and chains such as Kmart, Zodys and TG&Y billed themselves as such. The term "discount department store" or "off-price department store" is sometimes applied to big-box discount retailers of apparel and home goods, such as Ross Dress For Less, Marshalls, TJ Maxx, and Kohls. Category killers So-called category killer stores, speciali ...
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Lexington, MO
Lexington is a city in and the county seat of Lafayette County, Missouri. The population was 4,726 at the 2010 census. Located in western Missouri, Lexington lies approximately east of Kansas City and is part of the Greater Kansas City Metropolitan Area. It is the home of the Battle of Lexington State Historic Site, and of the former Wentworth Military Academy and College, which operated from 1880 to 2017. Geography Lexington is located on the south bank of the Missouri River at the intersection of Missouri Route 13 and US Route 24.''Missouri Atlas & Gazetteer,'' DeLorme, 1998, First edition, p. 28 According to the United States Census Bureau, the city has a total area of , of which is land and is water. Demographics 2010 census As of the census of 2010, there were 4,726 people, 1,867 households, and 1,201 families living in the city. The population density was . There were 2,127 housing units at an average density of . The racial makeup of the city was 87.3% White, ...
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Pamida
Pamida 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. History 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. 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. In 1963, Witherspoon and Wegener opened their first discount retail outlet in Knoxville, Iowa. A second store soon followed in Oskaloosa, Iowa, and the stores quickly expanded throughout the Midwest, mostly as franchises of Gibson's ...
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Defunct Discount Stores Of The United States
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Defunct Companies Based In Missouri
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
{{Disambiguation ...
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Companies Based In Missouri
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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