Yellow Front Stores
| Company type | Discount store |
|---|---|
| Industry | Retail |
| Founded | c. 1950s Phoenix, Arizona |
| Founder | Jim Kelly |
| Defunct | 1990 |
| Fate | bankruptcy |
| Headquarters | Phoenix, Arizona |
Number of locations | |
Areas served | Arizona and western United States |
| Products | clothing, footwear, sporting goods, automotive |
Yellow Front was an American discount store[2] that original started as a single Army surplus store before evolving into a sporting goods chain and later a discount chain.
In the 1950s, Yellow Stores opened in Phoenix as a small store selling Army Surplus items.[3] Jake Henegar bought the company from Jim Kelly in 1960. Henegar led the enterprise until his retirement in the early 1980s.[citation needed]
In the 1960s Yellow Front Stores added more variety to their stock and increased their locations. By the 1970s they had stores all over the Southwestern United States. They were, by then, selling outdoor gear such as hunting, camping, and fishing supplies, as well as work clothing, such as Levi Strauss jeans.
Presidents of Yellow Front Stores after Henegar's retirement were Sean Lee, Robert Bove, and David Stoup.[citation needed]
After a quick expansion, Yellow Stores was forced to close all of their Pacific Northwest stores in 1977.[4]
Yellow Front Stores were acquired by Lucky Stores in 1978 for $45.9 million (~$168 million in 2023), but continued to operate as Yellow Front.[5]
In 1987 there were 104 Yellow Front Stores in 8 states. Lucky sold the Yellow Front chain for $50 million during a hostile takeover by Asher B. Eshelman, a New York investor.[1][6][7] The purchaser was a corporation owned by Kenmare; a private company owned by Daniel J. Sullivan.[citation needed]
A few months later, Yellow Front purchased the Renton, Washington-based 64 unit Bonanza Stores.[8][9] No records have been found if Yellow Front was able to convert these stores to the Yellow Front banner before it was forced into bankruptcy.
Yellow Front Stores filed for bankruptcy in 1990 and eventually liquidated all of its stores.[10][11][12]
References
[edit]- ^ a b "Lucky agreed to sell its Yellow Front Stores unit". Los Angeles Times. February 19, 1987.
- ^ a b Casserly, J.W. (February 18, 1990). "Employees Say Store Will Close". Prescott Courier. p. 1D.
For the second time in less than a month, an area Yellow Front discount department store is closing. Only 68 of the original 152 Yellow Front stores in the western United States are still open.
- ^ "Jacob Edward Henegar Obituary". Arizona Republic. March 13, 2010.
- ^ "7 Yellow Front Stores Going Out Of Business". Spokane Daily Chronicle. January 10, 1977. p. 5.
- ^ "Lucky Stores, Valley Distributing Agree On Merger Proposal". Wall Street Journal. March 31, 1978. p. 36. ProQuest 134360071.
- ^ "Yellow Front Stores Sold To Kenmare Capital Corp". Mohave Daily Miner. March 2, 1987. p. 2.
- ^ "Lucky to Sell Chain". New York Times. February 19, 1987.
- ^ "Bonanza Chain To Be Purchased". Eugene Register-Guard. September 29, 1987. p. 1B.
- ^ "Bonanza Sold". Ellensburg Daily Record. December 11, 1987. p. 18.
- ^ "Yellow Front asks OK on sale. (family clothing store in bankruptcy)". Daily News Record. July 6, 1990. Archived from the original on June 10, 2014.
- ^ Page, Toni (February 26, 1990). "Local Yellow Front Remains Open Despite Corporate Woes". Mohave Daily Miner. p. 1.
- ^ Diennor, Richard (March 15, 1990). "Yellow Front gets OK on liquidation loan. (family clothing store chain)". Daily News Record. Archived from the original on June 10, 2014.