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Ames signs go on 254 ex-Zayre units. (discount store chain Ames Department Stores Inc. finishes conversion of stores acquired from Zayre Inc.)
WWD
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October 26, 1989|
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COPYRIGHT 1989 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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AMES SIGNS GO ON 254 EX-ZAYRE UNITS
NEW YORK -- Ames signs are being unveiled on 254 former Zayre stores today, the crowning touch on what is considered the largest retail conversion ever.
Ames Department Stores, Inc., purchased Zayre Corp.'s discount stores in October 1988 for $778 million, making Ames the fourth largest discounter behind Sears, Roebuck & Co., K mart Corp. and Wal-Mart Stores, Inc. Ames expects to do $5 billion in volume in 1989, compared with $2.1 billion in 1987, prior to the acquisition.
The Rocky Hill, Conn.-based company has ...
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Newspaper article from: The Mirror (London, England)
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